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2022
Flag → Flag
Exports $138MRnk 97 / 218
2022
Flag → Flag
Top Product $16.6MElectric Generating Sets
2022
Flag → Flag
Exports $179MRnk 10 / 155
2022
Flag → Flag
Top Product $105MInsulated Wire
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
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GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

Spain-North Macedonia Trade: In 2022, Spain exported $138M to North Macedonia. The main products that Spain exported to North Macedonia were Electric Generating Sets ($16.6M), Pig Meat ($13.5M), and Cars ($8.83M). Over the past 5 years the exports of Spain to North Macedonia have increased at an annualized rate of 9.05%, from $89.6M in 2017 to $138M in 2022.

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

North Macedonia-Spain Trade: In 2022, North Macedonia exported $179M to Spain. The main products that North Macedonia exported to Spain were Insulated Wire ($105M), Ferroalloys ($26.1M), and Electric Batteries ($16.2M). Over the past 5 years the exports of North Macedonia to Spain have increased at an annualized rate of 10.5%,  from $109M in 2017 to $179M in 2022.

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

Comparison: In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B). 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, Spain exported €9.61M and imported €13.2M from North Macedonia, resulting in a negative trade balance of €3.56M. Between July 2023 and July 2024 the exports of Spain have increased by €3.35M (53.5%) from €6.26M to €9.61M, while imports decreased by €-569k (-4.14%) from €13.7M to €13.2M.

Trade In July 2024, the top exports of Spain to North Macedonia were Pig Meat (€657k), Motor vehicles; parts and accessories (8701... (€392k), Propylene Polymers (€370k), Lead Oxides (€306k), and Cars (€208k). In July 2024 the top imports of Spain from North Macedonia were Insulated Wire (€9.18M), Electric Motors (€825k), Rubber Pipes (€202k), Electrical Transformers (€192k), and Knit T-shirts (€159k).

Origins In July 2024 the exports of Spain were mainly from Pontevedra (€1.73M), Madrid (€1.28M), Barcelona (€1.27M), Sin provincia asignada (€878k), and Cáceres (€852k), while imports destinations were mainly Álava (€7.56M), Barcelona (€3.89M), Madrid (€638k), Cádiz (€505k), and Valencia (€146k).

Growth In July 2024, the increase in Spain's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Motor vehicles; parts and accessories (8701... (€310k or 377%), Propylene Polymers (€262k or 244%), and Other Plastic Products (€143k or 3.51k%). In July 2024, the decrease in Spain's year-by-year imports  from North Macedonia was explained primarily by an decrease in product imports  in Knit Sweaters (€-107k or -41.2%), Electrical Control Boards (€-54.3k or -75.3%), and Electrical Lighting and Signalling Equipment (€-36.3k or -27.5%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€3.35M(53.5%)
IMPORT GROWTH (July 2023 - July 2024)€-569k(-4.14%)
MAIN EXPORTER (July 2024)Pontevedra€1.73M

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

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

For full datasets download visit Bulk Download page.

Explore North Macedonia and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $138M to North Macedonia. The main products exported from Spain to North Macedonia were Electric Generating Sets ($16.6M), Pig Meat ($13.5M), and Cars ($8.83M). During the last 5 years the exports of Spain to North Macedonia have increased at an annualized rate of 9.05%, from $89.6M in 2017 to $138M in 2022.

In 2017, North Macedonia exported $179M to Spain. The main products exported from North Macedonia to Spain were Insulated Wire ($105M), Ferroalloys ($26.1M), and Electric Batteries ($16.2M). During the last 5 years the exports of North Macedonia to Spain have increased at an annualized rate of 10.5%, from $109M in 2022 to $179M in 2017.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Spain than North Macedonia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, countries that imported more from North Macedonia than Spain included Serbia ($800M).

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

Comparative Advantage Spain - North Macedonia

Flow
Scale

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

During 2022, Spain had a large net trade with North Macedonia in the exports of Machines ($32.6M), Animal Products ($19.4M), and Transportation ($14.6M).

During 2017, North Macedonia had a large net trade with Spain in the exports of Machines ($141M), Metals ($28M), and Textiles ($2.86M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Spain North Macedonia+$7.51MCars
Top Product Potential North Macedonia Spain+$3.98MElectric Batteries

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 Spain and North Macedonia. This means that a dot/product with the flag of Spain 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 Spain.

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

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