Hungary (HUN) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Hungary-North Macedonia Trade: In 2023, Hungary exported $314M to North Macedonia. The main products that Hungary exported to North Macedonia were Other Leather Articles ($49.4M), Laboratory Ceramic Ware ($36.2M), and Electricity ($35.3M). Over the past 5 years the exports of Hungary to North Macedonia have increased at an annualized rate of 2.06%, from $284M in 2018 to $314M in 2023.

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

North Macedonia-Hungary Trade: In 2023, North Macedonia exported $324M to Hungary. The main products that North Macedonia exported to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($81.3M), Insulated Wire ($64.2M), and Electric Heaters ($44.1M). Over the past 5 years the exports of North Macedonia to Hungary have increased at an annualized rate of 14.3%, from $166M in 2018 to $324M in 2023.

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

Comparison In 2023, Hungary ranked 14 in the Economic Complexity Index (ECI 1.41), and 35 in total exports ($150B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Hungary exported $314M to North Macedonia. The main products exported from Hungary to North Macedonia were Other Leather Articles ($49.4M), Laboratory Ceramic Ware ($36.2M), and Electricity ($35.3M). During the last 5 years the exports of Hungary to North Macedonia have increased at an annualized rate of 2.06%, from $284M in 2018 to $314M in 2023.

In 2018, North Macedonia exported $324M to Hungary. The main products exported from North Macedonia to Hungary were Motor vehicles; parts and accessories (8701 to 8705) ($81.3M), Insulated Wire ($64.2M), and Electric Heaters ($44.1M). During the last 5 years the exports of North Macedonia to Hungary have increased at an annualized rate of 14.3%, from $166M in 2023 to $324M in 2018.

Exports from Hungary () to North Macedonia () (2023)

Exports from North Macedonia () to Hungary () (2023)

Latest Data

Trade between Hungary () and North Macedonia ()

Hungary Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Hungary
Top DestinationGermany$37.4B

North Macedonia
Top DestinationGermany$4B

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 2023, countries that imported more from Hungary than North Macedonia included Germany ($37.4B), Italy ($9.08B), and Romania ($8.43B).

In 2023, countries that imported more from North Macedonia than Hungary included Albania ($150M), Belize ($322k), and Saint Pierre and Miquelon ($31.3k).

Difference in imports from North Macedonia () and Hungary () (2023)

Comparative Advantage Hungary - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Hungary had a large net trade with North Macedonia in the exports of Machines ($60.8M), Animal Hides ($50M), and Mineral Products ($38M).

During 2018, North Macedonia had a large net trade with Hungary in the exports of Machines ($165M), Transportation ($81.5M), and Miscellaneous ($32.6M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Hungary North Macedonia+$6.52MCars

Top Product Potential North Macedonia Hungary+$8.43MInsulated Wire

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

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Hungary () to North Macedonia () (2023)

Exports from North Macedonia () to Hungary () (2023)

Latest Data

Trade between Hungary () and North Macedonia ()

Hungary Exports

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Hungary () (2023)

Comparative Advantage Hungary - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Hungary () and North Macedonia () (2023)

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