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Pricing

2022
Flag → Flag
Exports $65.6MRnk 153 / 217
2022
Flag → Flag
Top Product $8.47MAntibiotics
2022
Flag → Flag
Exports $5.93MRnk 46 / 155
2022
Flag → Flag
Top Product $3.05MMachinery Having Individual Functions
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

India-North Macedonia Trade: In 2022, India exported $65.6M to North Macedonia. The main products that India exported to North Macedonia were Antibiotics ($8.47M), Tractors ($4.86M), and Packaged Medicaments ($3.67M). Over the past 5 years the exports of India to North Macedonia have increased at an annualized rate of 11.4%, from $38.3M in 2017 to $65.6M in 2022.

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

North Macedonia-India Trade: 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). Over the past 5 years the exports of North Macedonia to India have decreased at an annualized rate of 8.1%,  from $34.9M in 2017 to $5.93M in 2022.

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

Comparison: In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

August, 2024

About

Overview In August 2024, India exported $4.3M and imported $228k from North Macedonia, resulting in a positive trade balance of $4.07M. Between August 2023 and August 2024 the exports of India have increased by $613k (16.6%) from $3.68M to $4.3M, while imports increased by $205k (865%) from $23.7k to $228k.

Trade In August 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 August 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 August 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 August 2024, the increase in India's year-by-year imports  from North Macedonia was explained primarily by an increase in product imports  in Other Misc. Engineering Items ($85.2k or 17k%) and Electronics Components ($17.8k or 1.08k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$613k(16.6%)
IMPORT GROWTH (August 2023 - August 2024)$205k(865%)

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.

For full datasets download visit Bulk Download page.

Explore North Macedonia and India Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

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 5 years the exports of India to North Macedonia have increased at an annualized rate of 11.4%, from $38.3M in 2017 to $65.6M in 2022.

In 2017, 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 5 years the exports of North Macedonia to India have decreased at an annualized rate of 8.1%, from $34.9M in 2022 to $5.93M in 2017.

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

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

Market Competitiveness

Color
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 2022, countries that imported more from India than North Macedonia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from North Macedonia than India included Serbia ($800M), Bulgaria ($443M), and Albania ($115M).

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

Comparative Advantage India - North Macedonia

Flow
Scale

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 2017, North Macedonia had a large net trade with India in the exports of Machines ($3.59M), Transportation ($1.83M), and Mineral Products ($193k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential India North Macedonia+$5.91MPackaged Medicaments
Top Product Potential North Macedonia India+$3.96MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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

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