Denmark (DNK) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Denmark-North Macedonia Trade: In 2023, Denmark exported $37.3M to North Macedonia. The main products that Denmark exported to North Macedonia were Packaged Medicaments ($13M), Metal Molds ($4.17M), and Vaccines, blood, antisera, toxins and cultures ($1.53M). Over the past 5 years the exports of Denmark to North Macedonia have increased at an annualized rate of 17.4%, from $16.7M in 2018 to $37.3M in 2023.

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

North Macedonia-Denmark Trade: In 2023, North Macedonia exported $14.6M to Denmark. The main products that North Macedonia exported to Denmark were Non-Knit Men's Shirts ($3.47M), Other Small Iron Pipes ($1.47M), and Telephones ($1.4M). Over the past 5 years the exports of North Macedonia to Denmark have increased at an annualized rate of 12.5%, from $8.12M in 2018 to $14.6M in 2023.

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

Comparison In 2023, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Denmark exported $37.3M to North Macedonia. The main products exported from Denmark to North Macedonia were Packaged Medicaments ($13M), Metal Molds ($4.17M), and Vaccines, blood, antisera, toxins and cultures ($1.53M). During the last 5 years the exports of Denmark to North Macedonia have increased at an annualized rate of 17.4%, from $16.7M in 2018 to $37.3M in 2023.

In 2018, North Macedonia exported $14.6M to Denmark. The main products exported from North Macedonia to Denmark were Non-Knit Men's Shirts ($3.47M), Other Small Iron Pipes ($1.47M), and Telephones ($1.4M). During the last 5 years the exports of North Macedonia to Denmark have increased at an annualized rate of 12.5%, from $8.12M in 2023 to $14.6M in 2018.

Exports from Denmark () to North Macedonia () (2023)

Exports from North Macedonia () to Denmark () (2023)

Latest Data

Trade between Denmark () and North Macedonia ()

Denmark Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Denmark
Top DestinationGermany$14.8B

North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from Denmark than North Macedonia included United States ($12B), Sweden ($11.2B), and Germany ($14.8B).

In 2023, countries that imported more from North Macedonia than Denmark included Serbia ($827M), Bulgaria ($566M), and Albania ($150M).

Difference in imports from North Macedonia () and Denmark () (2023)

Comparative Advantage Denmark - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Denmark had a large net trade with North Macedonia in the exports of Chemical Products ($16.9M), Machines ($6.9M), and Foodstuffs ($3.73M).

During 2018, North Macedonia had a large net trade with Denmark in the exports of Textiles ($4.41M), Machines ($3.72M), and Metals ($2.68M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Denmark North Macedonia+$4.41MPackaged Medicaments

Top Product Potential North Macedonia Denmark+$1.29MHot-Rolled Iron

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

Year

This visualization shows the product space at the HS4 level with the flags of Denmark and North Macedonia. This means that a dot/product with the flag of Denmark 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 Denmark.

About

Historical Data

Bilateral Trade by Products

Exports from Denmark () to North Macedonia () (2023)

Exports from North Macedonia () to Denmark () (2023)

Latest Data

Trade between Denmark () and North Macedonia ()

Denmark Exports

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Denmark () (2023)

Comparative Advantage Denmark - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Denmark () and North Macedonia () (2023)

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