North Macedonia (MKD) and Armenia (ARM) Trade | The Observatory of Economic Complexity

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North Macedonia-Armenia Trade: In 2022, North Macedonia exported $1.55M to Armenia. The main products that North Macedonia exported to Armenia were Packaged Medicaments ($942k), Motor vehicles; parts and accessories (8701 to 8705) ($241k), and Non-Knit Women's Suits ($59.4k). Over the past 5 years the exports of North Macedonia to Armenia have increased at an annualized rate of 28.7%, from $438k in 2017 to $1.55M in 2022.

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

Armenia-North Macedonia Trade: In 2022, Armenia exported $58.1k to North Macedonia. The main products that Armenia exported to North Macedonia were Plastic Pipes ($44.7k), Chocolate ($6.13k), and Vending Machines ($3.51k). Over the past 5 years the exports of Armenia to North Macedonia have increased at an annualized rate of 580%, from $4 in 2017 to $58.1k in 2022.

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

Comparison: In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). That same year, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $1.55M to Armenia. The main products exported from North Macedonia to Armenia were Packaged Medicaments ($942k), Motor vehicles; parts and accessories (8701 to 8705) ($241k), and Non-Knit Women's Suits ($59.4k). During the last 5 years the exports of North Macedonia to Armenia have increased at an annualized rate of 28.7%, from $438k in 2017 to $1.55M in 2022.

In 2017, Armenia exported $58.1k to North Macedonia. The main products exported from Armenia to North Macedonia were Plastic Pipes ($44.7k), Chocolate ($6.13k), and Vending Machines ($3.51k). During the last 5 years the exports of Armenia to North Macedonia have increased at an annualized rate of 580%, from $4 in 2022 to $58.1k in 2017.

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

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

Latest Data

Trade between North Macedonia () and Armenia ()

North Macedonia Exports

Date

Armenia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Armenia
Top DestinationRussia$2.36B

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

In 2022, countries that imported more from North Macedonia than Armenia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Armenia than North Macedonia included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

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

Comparative Advantage North Macedonia - Armenia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Armenia in the exports of Chemical Products ($945k), Transportation ($241k), and Foodstuffs ($147k).

During 2017, Armenia had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($44.7k), Foodstuffs ($6.13k), and Machines ($3.75k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Armenia+$279kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Armenia North Macedonia+$19.1kPlastic Pipes

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 North Macedonia and Armenia. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Armenia. Similarly, a dot/product with the flag of Armenia indicates it has a comparative advantage over North Macedonia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Armenia ()

North Macedonia Exports

Armenia Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Armenia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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