2022
Flag  
GDP
$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
Flag
GDP GROWTH
-3.67%CURRENT US$
Rnk 169 / 186
2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC 
$34,158CURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP PC GROWTH
-2.55%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

Italy-North Macedonia Trade: In 2022, Italy exported $399M to North Macedonia. The main products that Italy exported to North Macedonia were N/A. Over the past 5 years the exports of Italy to North Macedonia have increased at an annualized rate of 2.37%, from $355M in 2017 to $399M in 2022.

In 2009, Italy exported services to North Macedonia worth $45.3M, with Services not allocated ($22.6M), Travel ($14.9M), and Transportation ($4.47M) being the largest in terms of value.

North Macedonia-Italy Trade: In 2022, North Macedonia exported $307M to Italy. The main products that North Macedonia exported to Italy were Hot-Rolled Iron ($40.9M), Other Heating Machinery ($37.4M), and Electric Batteries ($31.1M). Over the past 5 years the exports of North Macedonia to Italy have increased at an annualized rate of 20.5%,  from $121M in 2017 to $307M in 2022.

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

Comparison: In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Market Competitiveness

Color
Italy
Top Destination
Germany$78.5B
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Italy than North Macedonia included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from North Macedonia than from Italy.

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

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Italy North Macedonia+$10.4MRefined Petroleum
Top Product Potential North Macedonia Italy+$14.2MHot-Rolled Iron

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

Product Space of Italy (Flag) and North Macedonia (Flag) (NaN)

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