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2023
Flag → Flag
Exports $141MRnk 105 / 220
2023
Flag → Flag
Top Product $20MPig Meat
2023
Flag → Flag
Exports $183MRnk 12 / 160
2023
Flag → Flag
Top Product $121MInsulated Wire
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
2023
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 GDP$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
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GDP GROWTH45.7%CURRENT US$
Rnk 83 / 195
2023
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GDP PC $33,509CURRENT US$
Rnk 40 / 195
2013-2023
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GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195
2023
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GDP PC$8,624CURRENT US$
Rnk 92 / 196
2013-2023
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GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195

About

Spain-North Macedonia Trade: In 2023, Spain exported $141M to North Macedonia. The main products that Spain exported to North Macedonia were Pig Meat ($20M), Cars ($10.5M), and Packaged Medicaments ($9.36M). Over the past 5 years the exports of Spain to North Macedonia have increased at an annualized rate of 6.99%, from $101M in 2018 to $141M in 2023.

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

North Macedonia-Spain Trade: In 2023, North Macedonia exported $183M to Spain. The main products that North Macedonia exported to Spain were Insulated Wire ($121M), Electric Batteries ($22.8M), and Electric Motors ($11.8M). Over the past 5 years the exports of North Macedonia to Spain have increased at an annualized rate of 8.89%,  from $120M in 2018 to $183M in 2023.

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

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Spain exported €8.55M and imported €12.4M from North Macedonia, resulting in a negative trade balance of €3.88M. Between December 2023 and December 2024 the exports of Spain have increased by €1.57M (22.4%) from €6.98M to €8.55M, while imports increased by €3.03M (32.2%) from €9.41M to €12.4M.

Trade In December 2024, the top exports of Spain to North Macedonia were Pig Meat (€1.15M), Plastic Coated Textile Fabric (€885k), Video and Card Games (€446k), Other Glass Articles (€417k), and Motor vehicles; parts and accessories (8701... (€267k). In December 2024 the top imports of Spain from North Macedonia were Insulated Wire (€9.3M), Electric Motors (€1.05M), Low-voltage Protection Equipment (€269k), Knit T-shirts (€225k), and Knit Sweaters (€203k).

Origins In December 2024 the exports of Spain were mainly from Barcelona (€2.17M), Girona (€1.17M), Pontevedra (€773k), Zaragoza (€578k), and Álava (€539k), while imports destinations were mainly Álava (€9.16M), Barcelona (€2.47M), Lleida (€170k), Valencia (€142k), and Palencia (€129k).

Growth In December 2024, the increase in Spain's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Plastic Coated Textile Fabric (€783k or 771%), Pig Meat (€497k or 75.7%), and Video and Card Games (€446k or 144k%). In December 2024, the increase in Spain's year-by-year imports  from North Macedonia was explained primarily by an increase in product imports  in Electric Motors (€228k or 27.6%), Printed Circuit Boards (€140k or 4.53k%), and Insulated Wire (€124k or 1.35%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€1.57M(22.4%)
IMPORT GROWTH (December 2023 - December 2024)€3.03M(32.2%)
MAIN EXPORTER (December 2024)Barcelona€2.17M

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 2023, Spain exported $141M to North Macedonia. The main products exported from Spain to North Macedonia were Pig Meat ($20M), Cars ($10.5M), and Packaged Medicaments ($9.36M). During the last 5 years the exports of Spain to North Macedonia have increased at an annualized rate of 6.99%, from $101M in 2018 to $141M in 2023.

In 2018, North Macedonia exported $183M to Spain. The main products exported from North Macedonia to Spain were Insulated Wire ($121M), Electric Batteries ($22.8M), and Electric Motors ($11.8M). During the last 5 years the exports of North Macedonia to Spain have increased at an annualized rate of 8.89%, from $120M in 2023 to $183M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
North Macedonia
Top DestinationGermany$4B

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 2023, countries that imported more from Spain than North Macedonia included France ($61.9B), Portugal ($38.1B), and Germany ($40.2B).

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

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

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 2023, Spain had a large net trade with North Macedonia in the exports of Animal Products ($26.9M), Chemical Products ($23.3M), and Transportation ($19.6M).

During 2018, North Macedonia had a large net trade with Spain in the exports of Machines ($167M), Textiles ($5.52M), and Metals ($4.2M).

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) (2023)

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