2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP
$512BCURRENT US$
Rnk 29 / 195
2013-2023
Flag
GDP GROWTH
20%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC 
$8,624CURRENT US$
Rnk 92 / 195
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC
$56,034CURRENT US$
Rnk 18 / 196
2013-2023
Flag
GDP PC GROWTH
11.4%CURRENT US$
Rnk 131 / 195

About

North Macedonia-Austria Trade: In 2023, North Macedonia exported $126M to Austria. The main products that North Macedonia exported to Austria were Insulated Wire ($46.3M), Non-Knit Men's Suits ($25.5M), and House Linens ($3.7M). Over the past 5 years the exports of North Macedonia to Austria have decreased at an annualized rate of 6.9%, from $180M in 2018 to $126M in 2023.

In 2023, North Macedonia did not export any services to Austria.

Austria-North Macedonia Trade: In 2023, Austria exported $198M to North Macedonia. The main products that Austria exported to North Macedonia were Bovine Meat ($14.6M), Metal Insulating Fittings ($10.2M), and Other Measuring Instruments ($10.2M). Over the past 5 years the exports of Austria to North Macedonia have increased at an annualized rate of 5.16%,  from $154M in 2018 to $198M in 2023.

In 2011, Austria exported services to North Macedonia worth $8.8B, with Insurance services ($8.44B), Construction services ($344M), and Transportation ($9.74M) being the largest in terms of value.

Comparison In 2023,  North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.56), and 31 in total exports ($204B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Macedonia exported $126M to Austria. The main products exported from North Macedonia to Austria were Insulated Wire ($46.3M), Non-Knit Men's Suits ($25.5M), and House Linens ($3.7M). During the last 5 years the exports of North Macedonia to Austria have decreased at an annualized rate of 6.9%, from $180M in 2018 to $126M in 2023.

In 2018, Austria exported $198M to North Macedonia. The main products exported from Austria to North Macedonia were Bovine Meat ($14.6M), Metal Insulating Fittings ($10.2M), and Other Measuring Instruments ($10.2M). During the last 5 years the exports of Austria to North Macedonia have increased at an annualized rate of 5.16%, from $154M in 2023 to $198M in 2018.

Exports from North Macedonia (Flag) to Austria (Flag) (2023)

Exports from Austria (Flag) to North Macedonia (Flag) (2023)

Latest Data

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

North Macedonia Exports

Austria Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$4B
Austria
Top Destination
Germany$51B

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

In 2023, countries that imported more from North Macedonia than Austria included Albania ($150M) and Saint Pierre and Miquelon ($31.3k).

In 2023, countries that imported more from Austria than North Macedonia included Germany ($51B), United States ($18.1B), and Italy ($13.5B).

Difference in imports from Austria (Flag) and North Macedonia (Flag) (2023)

Comparative Advantage North Macedonia - Austria

Flow
Scale

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

During 2023, North Macedonia had a large net trade with Austria in the exports of Machines ($54.1M), Textiles ($44.5M), and Foodstuffs ($7.73M).

During 2018, Austria had a large net trade with North Macedonia in the exports of Machines ($48.8M), Animal Products ($19.3M), and Plastics and Rubbers ($18.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Austria+$8.92MInsulated Wire
Top Product Potential Austria North Macedonia+$3.64MPackaged Medicaments

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

Product Space of North Macedonia (Flag) and Austria (Flag) (2023)

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