2022
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GDP
$179BCURRENT US$
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2012-2022
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GDP GROWTH
38.8%CURRENT US$
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2022
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 GDP
$13.6BCURRENT US$
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2012-2022
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GDP GROWTH
39.2%CURRENT US$
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GDP PC 
$18,463CURRENT US$
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2012-2022
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GDP PC GROWTH
42.2%CURRENT US$
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GDP PC
$6,591CURRENT US$
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GDP PC GROWTH
39.4%CURRENT US$
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About

Hungary-North Macedonia In 2022, Hungary exported $441M to North Macedonia. The main products that Hungary exported to North Macedonia are Insulated Wire ($48.6M), Electricity ($46.6M), and Laboratory Ceramic Ware ($31.7M). During the last 27 years the exports of Hungary to North Macedonia have increased at an annualized rate of 10.3%, from $31.6M in 1995 to $441M in 2022.

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

North Macedonia-Hungary In 2022, North Macedonia exported $277M to Hungary. The main products that North Macedonia exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($70.6M), Electric Heaters ($37.1M), and Insulated Wire ($34.2M). During the last 27 years the exports of North Macedonia to Hungary have increased at an annualized rate of 11.3%, from $15.3M in 1995 to $277M in 2022.

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

Comparison In 2022,  Hungary ranked 13 in the Economic Complexity Index (ECI 1.36), and 35 in total exports ($145B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.16), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Hungary exported $441M to North Macedonia. The main products exported from Hungary to North Macedonia were Insulated Wire ($48.6M), Electricity ($46.6M), and Laboratory Ceramic Ware ($31.7M). During the last 27 years the exports of Hungary to North Macedonia have increased at an annualized rate of 10.3%, from $31.6M in 1995 to $441M in 2022.

In 2022, North Macedonia exported $277M to Hungary. The main products exported from North Macedonia to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($70.6M), Electric Heaters ($37.1M), and Insulated Wire ($34.2M). During the last 27 years the exports of North Macedonia to Hungary have increased at an annualized rate of 11.3%, from $15.3M in 1995 to $277M in 2022.

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

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

Latest Data

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

Hungary Exports

North Macedonia Exports

Market Competitiveness

Color
Hungary
Top Destination
Germany$35.5B
North Macedonia
Top Destination
Germany$3.96B

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

In 2021, countries that imported more from Hungary than North Macedonia were Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2021, countries that imported more from North Macedonia than Hungary were Albania ($115M) and Belize ($142k).

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

Comparative Advantage Hungary - North Macedonia

Flow
Scale

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

During 2022, Hungary had a large net trade with North Macedonia in the exports of Machines ($166M), Mineral Products ($48.7M), and Plastics and Rubbers ($41M).

During 2022, North Macedonia had a large net trade with Hungary in the exports of Machines ($117M), Transportation ($71.3M), and Mineral Products ($26M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Hungary has comparative advantage over North Macedonia. Similarly, the more yellow a dot/product is, the more North Macedonia has comparative advantage over Hungary.

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

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