2023
Flag  
GDP
$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH
-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
GDP PC 
$10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH
-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC
$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195

About

Brazil-North Macedonia Trade: In 2023, Brazil exported $61.3M to North Macedonia. The main products that Brazil exported to North Macedonia were Poultry Meat ($24M), Raw Sugar ($12M), and Coffee ($10.6M). Over the past 5 years the exports of Brazil to North Macedonia have increased at an annualized rate of 6.63%, from $44.4M in 2018 to $61.3M in 2023.

In 2023, Brazil did not export any services to North Macedonia.

North Macedonia-Brazil Trade: In 2023, North Macedonia exported $24M to Brazil. The main products that North Macedonia exported to Brazil were Reaction and Catalytic Products ($14.7M), Motor vehicles; parts and accessories (8701 to 8705) ($3.25M), and Raw Tobacco ($2.17M). Over the past 5 years the exports of North Macedonia to Brazil have increased at an annualized rate of 31.2%,  from $6.16M in 2018 to $24M in 2023.

In 2023, North Macedonia did not export any services to Brazil.

Comparison In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31),  and 22 in total exports ($355B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $61.3M to North Macedonia. The main products exported from Brazil to North Macedonia were Poultry Meat ($24M), Raw Sugar ($12M), and Coffee ($10.6M). During the last 5 years the exports of Brazil to North Macedonia have increased at an annualized rate of 6.63%, from $44.4M in 2018 to $61.3M in 2023.

In 2018, North Macedonia exported $24M to Brazil. The main products exported from North Macedonia to Brazil were Reaction and Catalytic Products ($14.7M), Motor vehicles; parts and accessories (8701 to 8705) ($3.25M), and Raw Tobacco ($2.17M). During the last 5 years the exports of North Macedonia to Brazil have increased at an annualized rate of 31.2%, from $6.16M in 2023 to $24M in 2018.

Exports from Brazil (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top Destination
China$106B
North Macedonia
Top Destination
Germany$4B

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

In 2023, countries that imported more from Brazil than North Macedonia included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from North Macedonia than Brazil included Serbia ($827M), Hungary ($324M), and Bulgaria ($566M).

Difference in imports from North Macedonia (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - North Macedonia

Flow
Scale

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

During 2023, Brazil had a large net trade with North Macedonia in the exports of Animal Products ($27.9M), Foodstuffs ($16.1M), and Vegetable Products ($13.1M).

During 2018, North Macedonia had a large net trade with Brazil in the exports of Chemical Products ($14.7M), Machines ($3.48M), and Transportation ($3.26M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Brazil North Macedonia+$1.44MCoffee
Top Product Potential North Macedonia Brazil+$6.18MMotor 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 Brazil and North Macedonia. This means that a dot/product with the flag of Brazil 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 Brazil.

Product Space of Brazil (Flag) and North Macedonia (Flag) (2023)

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