India (IND) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

About

India-North Macedonia In 2022, India exported $65.6M to North Macedonia. The main products that India exported to North Macedonia are Antibiotics ($8.47M), Tractors ($4.86M), and Packaged Medicaments ($3.67M). During the last 27 years the exports of India to North Macedonia have increased at an annualized rate of 13.4%, from $2.18M in 1995 to $65.6M in 2022.

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

North Macedonia-India In 2022, North Macedonia exported $5.93M to India. The main products that North Macedonia exported to India were Machinery Having Individual Functions ($3.05M), Motor vehicles; parts and accessories (8701 to 8705) ($1.4M), and Locomotive Parts ($435k). During the last 27 years the exports of North Macedonia to India have decreased at an annualized rate of 0.73%, from $7.24M in 1995 to $5.93M in 2022.

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

Comparison In 2022, India ranked 42 in the Economic Complexity Index (ECI 0.57), and 15 in total exports ($468B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.16), and 105 in total exports ($9.52B).

Latest Trends

January, 2024

About

Overview In January 2024, India exported $3.84M and imported $18.4k from North Macedonia, resulting in a positive trade balance of $3.82M. Between January 2023 and January 2024 the exports of India have increased by $345k (9.87%) from $3.49M to $3.84M, while imports decreased by $-102k (-84.7%) from $121k to $18.4k.

Trade In January 2024, the top exports of India to North Macedonia were Bulk Drugs, Drug Intermediates ($2.01M), Organic Chemicals ($301k), Indl. Machnry For Dairy Etc ($240k), Drug Formulations, Biologicals ($166k), and Iron And Steel ($143k). In January 2024 the top imports of India from North Macedonia were Other Misc. Engineering Items ($85.7k), Electronics Components ($19.4k), Other Commodities ($12.4k), Railwy Trnsprt Equipmnts, Prts ($2.54k), and Auto Components/Parts ($794).

Growth In January 2024, the increase in India's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Bulk Drugs, Drug Intermediates ($741k or 58.4%), Indl. Machnry For Dairy Etc ($129k or 116%), and Organic Chemicals ($121k or 67.8%). In January 2024, the decrease in India's year-by-year imports from North Macedonia was explained primarily by an decrease in product imports in Railwy Trnsprt Equipmnts, Prts ($-15.3k or -85.8%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$345k(9.87%)

IMPORT GROWTH (January 2023 - January 2024)$-102k(-84.7%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check North Macedonia and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $65.6M to North Macedonia. The main products exported from India to North Macedonia were Antibiotics ($8.47M), Tractors ($4.86M), and Packaged Medicaments ($3.67M). During the last 27 years the exports of India to North Macedonia have increased at an annualized rate of 13.4%, from $2.18M in 1995 to $65.6M in 2022.

In 2022, North Macedonia exported $5.93M to India. The main products exported from North Macedonia to India were Machinery Having Individual Functions ($3.05M), Motor vehicles; parts and accessories (8701 to 8705) ($1.4M), and Locomotive Parts ($435k). During the last 27 years the exports of North Macedonia to India have decreased at an annualized rate of 0.73%, from $7.24M in 1995 to $5.93M in 2022.

Exports from India () to North Macedonia () (2022)

Exports from North Macedonia () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

North Macedonia
Top DestinationGermany$3.96B

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

In 2021, countries that imported more from India than North Macedonia were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from North Macedonia than India were Serbia ($800M), Bulgaria ($443M), and Albania ($115M).

Difference in imports from North Macedonia () and India () (2022)

Comparative Advantage India - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with North Macedonia in the exports of Chemical Products ($21.1M), Textiles ($6.65M), and Vegetable Products ($6.39M).

During 2022, North Macedonia had a large net trade with India in the exports of Machines ($3.59M), Transportation ($1.83M), and Mineral Products ($193k).

Economic Complexity

Competitive Landscape

Year

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 India has comparative advantage over North Macedonia. Similarly, the more yellow a dot/product is, the more North Macedonia has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to North Macedonia () (2022)

Exports from North Macedonia () to India () (2022)

Market Competitiveness

Difference in imports from North Macedonia () and India () (2022)

Comparative Advantage India - North Macedonia

Economic Complexity

Competitive Landscape

Product Space of India () and North Macedonia () (2022)

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