2022
Flag  
GDP
$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH
20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC 
$66,983CURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP PC GROWTH
14.5%CURRENT US$
Rnk 99 / 186
2022
Flag
GDP PC
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

Denmark-North Macedonia Trade: In 2022, Denmark exported $36.8M to North Macedonia. The main products that Denmark exported to North Macedonia were Packaged Medicaments ($14.3M), Metal Molds ($2.7M), and Electrical Control Boards ($1.17M). Over the past 5 years the exports of Denmark to North Macedonia have increased at an annualized rate of 13.9%, from $19.2M in 2017 to $36.8M in 2022.

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

North Macedonia-Denmark Trade: In 2022, North Macedonia exported $40.3M to Denmark. The main products that North Macedonia exported to Denmark were Buses ($25.6M), Non-Knit Men's Shirts ($5.81M), and Other Small Iron Pipes ($2.3M). Over the past 5 years the exports of North Macedonia to Denmark have increased at an annualized rate of 8.5%,  from $7.26M in 2017 to $40.3M in 2022.

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

Comparison: In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01), and 37 in total exports ($122B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $36.8M to North Macedonia. The main products exported from Denmark to North Macedonia were Packaged Medicaments ($14.3M), Metal Molds ($2.7M), and Electrical Control Boards ($1.17M). During the last 5 years the exports of Denmark to North Macedonia have increased at an annualized rate of 13.9%, from $19.2M in 2017 to $36.8M in 2022.

In 2017, North Macedonia exported $40.3M to Denmark. The main products exported from North Macedonia to Denmark were Buses ($25.6M), Non-Knit Men's Shirts ($5.81M), and Other Small Iron Pipes ($2.3M). During the last 5 years the exports of North Macedonia to Denmark have increased at an annualized rate of 8.5%, from $7.26M in 2022 to $40.3M in 2017.

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

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

Latest Data

Trade between Denmark (Flag) and North Macedonia (Flag)

Denmark Exports

North Macedonia Exports

Market Competitiveness

Color
Denmark
Top Destination
Germany$18.9B
North Macedonia
Top Destination
Germany$3.96B

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 2022, countries that imported more from Denmark than North Macedonia included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2022, countries that imported more from North Macedonia than Denmark included Serbia ($800M), Bulgaria ($443M), and Greece ($683M).

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

Comparative Advantage Denmark - North Macedonia

Flow
Scale

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

During 2022, Denmark had a large net trade with North Macedonia in the exports of Chemical Products ($17M), Machines ($8.07M), and Foodstuffs ($2.87M).

During 2017, North Macedonia had a large net trade with Denmark in the exports of Transportation ($25.6M), Textiles ($6.21M), and Machines ($3.05M).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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