2022
Flag  
GDP
$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH
37%CURRENT US$
Rnk 89 / 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 
$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH
33.4%CURRENT US$
Rnk 58 / 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

Hong Kong-North Macedonia Trade: In 2022, Hong Kong exported $4.43M to North Macedonia. The main products that Hong Kong exported to North Macedonia were Iron Wire ($1.09M), Printed Circuit Boards ($869k), and Medical Instruments ($562k). Over the past 5 years the exports of Hong Kong to North Macedonia have increased at an annualized rate of 21.3%, from $1.69M in 2017 to $4.43M in 2022.

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

North Macedonia-Hong Kong Trade: In 2022, North Macedonia exported $1.11M to Hong Kong. The main products that North Macedonia exported to Hong Kong were Base Metal Watches ($1.45M), Electrical Capacitors ($1.16M), and Leather of Other Animals ($222k). Over the past 5 years the exports of North Macedonia to Hong Kong have increased at an annualized rate of 54.7%,  from $125k in 2017 to $1.11M in 2022.

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

Comparison: In 2022,  Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B). 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, Hong Kong exported $4.43M to North Macedonia. The main products exported from Hong Kong to North Macedonia were Iron Wire ($1.09M), Printed Circuit Boards ($869k), and Medical Instruments ($562k). During the last 5 years the exports of Hong Kong to North Macedonia have increased at an annualized rate of 21.3%, from $1.69M in 2017 to $4.43M in 2022.

In 2017, North Macedonia exported $1.11M to Hong Kong. The main products exported from North Macedonia to Hong Kong were Base Metal Watches ($1.45M), Electrical Capacitors ($1.16M), and Leather of Other Animals ($222k). During the last 20 years the exports of North Macedonia to Hong Kong have increased at an annualized rate of 54.7%, from $125k in 1997 to $1.11M in 2017.

Exports from Hong Kong (Flag) to North Macedonia (Flag) (2022)

Exports from North Macedonia (Flag) to Hong Kong (Flag) (2022)

Latest Data

Trade between Hong Kong (Flag) and North Macedonia (Flag)

Hong Kong Exports

North Macedonia Exports

Market Competitiveness

Color
Hong Kong
Top Destination
China$23.4B
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Hong Kong than North Macedonia included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

In 2022, countries that imported more from North Macedonia than Hong Kong included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

Difference in imports from North Macedonia (Flag) and Hong Kong (Flag) (2022)

Comparative Advantage Hong Kong - North Macedonia

Flow
Scale

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

During 2022, Hong Kong had a large net trade with North Macedonia in the exports of Machines ($1.87M), Metals ($1.14M), and Instruments ($990k).

During 2017, North Macedonia had a large net trade with Hong Kong in the exports of Machines ($1.53M), Instruments ($1.45M), and Animal Hides ($222k).

Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and North Macedonia (Flag) (2022)

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