Indonesia (IDN) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Indonesia-North Macedonia Trade: In 2023, Indonesia exported $38.1M to North Macedonia. The main products that Indonesia exported to North Macedonia were Palm Oil ($10.2M), Unprocessed Synthetic Staple Fibers ($3.42M), and Laboratory Ceramic Ware ($2.88M). Over the past 5 years the exports of Indonesia to North Macedonia have decreased at an annualized rate of 9.88%, from $64.2M in 2018 to $38.1M in 2023.

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

North Macedonia-Indonesia Trade: In 2023, North Macedonia exported $14.4M to Indonesia. The main products that North Macedonia exported to Indonesia were Other Plastic Sheetings ($3.47M), Explosive Ammunition ($3.12M), and Trunks and Cases ($2.89M). Over the past 5 years the exports of North Macedonia to Indonesia have increased at an annualized rate of 27.2%, from $4.33M in 2018 to $14.4M in 2023.

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

Comparison In 2023, Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085), and 27 in total exports ($299B). 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, Indonesia exported $38.1M to North Macedonia. The main products exported from Indonesia to North Macedonia were Palm Oil ($10.2M), Unprocessed Synthetic Staple Fibers ($3.42M), and Laboratory Ceramic Ware ($2.88M). During the last 5 years the exports of Indonesia to North Macedonia have decreased at an annualized rate of 9.88%, from $64.2M in 2018 to $38.1M in 2023.

In 2018, North Macedonia exported $14.4M to Indonesia. The main products exported from North Macedonia to Indonesia were Other Plastic Sheetings ($3.47M), Explosive Ammunition ($3.12M), and Trunks and Cases ($2.89M). During the last 5 years the exports of North Macedonia to Indonesia have increased at an annualized rate of 27.2%, from $4.33M in 2023 to $14.4M in 2018.

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

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

Latest Data

Trade between Indonesia () and North Macedonia ()

Indonesia Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Indonesia
Top DestinationChina$70.7B

North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from Indonesia than North Macedonia included China ($70.7B), United States ($27.9B), and India ($24B).

In 2023, countries that imported more from North Macedonia than Indonesia included Serbia ($827M), Greece ($542M), and Bulgaria ($566M).

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

Comparative Advantage Indonesia - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Indonesia had a large net trade with North Macedonia in the exports of Animal and Vegetable Bi-Products ($10.5M), Machines ($7.07M), and Textiles ($5.47M).

During 2018, North Macedonia had a large net trade with Indonesia in the exports of Footwear and Headwear ($3.59M), Plastics and Rubbers ($3.52M), and Weapons ($3.12M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Indonesia North Macedonia+$3.46MCoal Briquettes

Top Product Potential North Macedonia Indonesia+$573kRaw Tobacco

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Indonesia () and North Macedonia ()

Indonesia Exports

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage Indonesia - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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