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Pricing

2022
Flag → Flag
Exports $11.8MRnk 37 / 155
2022
Flag → Flag
Top Product $1.25MOxygen Heterocyclic Compounds
2022
Flag → Flag
Exports $3.97MRnk 153 / 213
2022
Flag → Flag
Top Product $794kSheep Hides
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

North Macedonia-Australia Trade: In 2022, North Macedonia exported $11.8M to Australia. The main products that North Macedonia exported to Australia were Oxygen Heterocyclic Compounds ($1.25M), Pickled Foods ($1.19M), and Other Processed Vegetables ($998k). Over the past 5 years the exports of North Macedonia to Australia have increased at an annualized rate of 12.8%, from $6.48M in 2017 to $11.8M in 2022.

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

Australia-North Macedonia Trade: In 2022, Australia exported $3.97M to North Macedonia. The main products that Australia exported to North Macedonia were Sheep Hides ($794k), Raw Nickel ($376k), and Compasses ($333k). Over the past 5 years the exports of Australia to North Macedonia have increased at an annualized rate of 1.39%,  from $3.41M in 2017 to $3.97M in 2022.

In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $11.8M to Australia. The main products exported from North Macedonia to Australia were Oxygen Heterocyclic Compounds ($1.25M), Pickled Foods ($1.19M), and Other Processed Vegetables ($998k). During the last 5 years the exports of North Macedonia to Australia have increased at an annualized rate of 12.8%, from $6.48M in 2017 to $11.8M in 2022.

In 2017, Australia exported $3.97M to North Macedonia. The main products exported from Australia to North Macedonia were Sheep Hides ($794k), Raw Nickel ($376k), and Compasses ($333k). During the last 5 years the exports of Australia to North Macedonia have increased at an annualized rate of 1.39%, from $3.41M in 2022 to $3.97M in 2017.

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

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

Latest Data

Trade between North Macedonia (Flag) and Australia (Flag)

North Macedonia Exports

Australia Exports

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$3.96B
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from North Macedonia than Australia included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

In 2022, countries that imported more from Australia than North Macedonia included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage North Macedonia - Australia

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Australia in the exports of Foodstuffs ($4.05M), Chemical Products ($1.43M), and Miscellaneous ($1.32M).

During 2017, Australia had a large net trade with North Macedonia in the exports of Machines ($941k), Animal Hides ($796k), and Instruments ($698k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Australia+$1.48MSeats
Top Product Potential Australia North Macedonia+$143kVaccines, blood, antisera, toxins and cultures

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

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

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