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Pricing

2022
Flag → Flag
Exports $138MRnk 100 / 222
2022
Flag → Flag
Top Product $10.7MMotor vehicles; parts and accessories (8701 to 8705)
2022
Flag → Flag
Exports $142MRnk 14 / 155
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
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GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
 GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
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GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC $49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186
2022
Flag
GDP PC$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

Belgium-North Macedonia Trade: In 2022, Belgium exported $138M to North Macedonia. The main products that Belgium exported to North Macedonia were Motor vehicles; parts and accessories (8701 to 8705) ($10.7M), Tractors ($9.93M), and Laboratory Ceramic Ware ($9.52M). Over the past 5 years the exports of Belgium to North Macedonia have increased at an annualized rate of 0.16%, from $137M in 2017 to $138M in 2022.

In 2022, Belgium did not export any services to North Macedonia.

North Macedonia-Belgium Trade: In 2022, North Macedonia exported $142M to Belgium. The main products that North Macedonia exported to Belgium were N/A. Over the past 5 years the exports of North Macedonia to Belgium have decreased at an annualized rate of 4.89%,  from $183M in 2017 to $142M in 2022.

In 2022, North Macedonia did not export any services to Belgium.

Comparison: In 2022,  Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

July, 2024

About

Overview In July 2024, Belgium exported €7.61M and imported €2.28M from North Macedonia, resulting in a positive trade balance of €5.32M. Between July 2023 and July 2024 the exports of Belgium have decreased by €-3.55k (-0.047%) from €7.61M to €7.61M, while imports decreased by €-7.9M (-77.6%) from €10.2M to €2.28M.

Trade In July 2024, the top exports of Belgium to North Macedonia were Machinery, mechanical appliances, & parts (€3.05M), Electrical machinery and electronics (€2.74M), Cars, tractors, trucks & parts thereof. (€1.96M), Plastics & articles thereof (€1.21M), and Iron or steel articles (€1.19M). In July 2024 the top imports of Belgium from North Macedonia were Cars, tractors, trucks & parts thereof. (€13M), Non-knitted clothing accesories (€1.03M), Knitted clothing accesories (€514k), Iron or steel articles (€285k), and Machinery, mechanical appliances, & parts (€248k).

Growth In July 2024, the decrease in Belgium's year-by-year exports to North Macedonia was explained primarily by an decrease in product exports in Food residues & wastes; animal fodder (€-48k or -95.6%), Cotton (€-36.7k or -75.6%), and Unclassified (€-19.1k or -45.5%). In July 2024, the decrease in Belgium's year-by-year imports  from North Macedonia was explained primarily by an decrease in product imports  in Iron or steel articles (€-240k or -45.7%), Iron & steel (€-85.6k or -72.1%), and Electrical machinery and electronics (€-51.6k or -62.3%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-3.55k(-0.047%)
IMPORT GROWTH (July 2023 - July 2024)€-7.9M(-77.6%)

This section shows exports and imports data at subnational level for Belgium. Click any date in the line plot or any product to explore the exports or imports behavior of Belgium over time.

To check North Macedonia and Belgium trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore North Macedonia and Belgium Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Belgium exported $138M to North Macedonia. The main products exported from Belgium to North Macedonia were Motor vehicles; parts and accessories (8701 to 8705) ($10.7M), Tractors ($9.93M), and Laboratory Ceramic Ware ($9.52M). During the last 5 years the exports of Belgium to North Macedonia have increased at an annualized rate of 0.16%, from $137M in 2017 to $138M in 2022.

In 2017, North Macedonia exported $142M to Belgium. There were not main exports from North Macedonia to Belgium in 2017. During the last 5 years the exports of North Macedonia to Belgium have decreased at an annualized rate of 4.89%, from $183M in 2022 to $142M in 2017.

Exports from Belgium (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Belgium (Flag) (2022)

Market Competitiveness

Color
Belgium
Top DestinationGermany$91.9B
North Macedonia
Top DestinationGermany$3.96B

This map shows whether countries import more from Belgium or North Macedonia. Each country is colored based on the difference in imports they receive from Belgium and North Macedonia or the difference in the growth in imports.

In 2022, countries that imported more from Belgium than North Macedonia included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

In 2022, countries that imported more from North Macedonia than Belgium included Serbia ($800M), Albania ($115M), and Montenegro ($40.3M).

Difference in imports from North Macedonia (Flag) and Belgium (Flag) (2022)

Comparative Advantage Belgium - North Macedonia

Flow
Scale

This chart compares trade between Belgium and North Macedonia by product, considering products traded by both, Belgium and North Macedonia.

During 2022, Belgium had a large net trade with North Macedonia in the exports of Machines ($28.5M), Transportation ($23.8M), and Metals ($21.3M).

During 2017, North Macedonia had a large net trade with Belgium in the exports of Transportation ($80.9M), Foodstuffs ($19M), and Textiles ($18.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Belgium North Macedonia+$3.93MPackaged Medicaments
Top Product Potential North Macedonia Belgium+$3.95MMotor vehicles; parts and accessories (8701 to 8705)

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Belgium and North Macedonia. This means that a dot/product with the flag of Belgium indicates it has a comparative advantage over North Macedonia. Similarly, a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Belgium.

Product Space of Belgium (Flag) and North Macedonia (Flag) (2022)

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