North Macedonia (MKD) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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North Macedonia-Belgium Trade: In 2022, North Macedonia exported $142M to Belgium. The main products that North Macedonia exported to Belgium were Buses ($77.4M), Raw Tobacco ($17.6M), and Non-Knit Women's Suits ($5.99M). Over the past 5 years the exports of North Macedonia to Belgium have decreased at an annualized rate of 4.89%, from $183M in 2017 to $142M in 2022.

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

Belgium-North Macedonia Trade: In 2022, Belgium exported $138M to North Macedonia. The main products that Belgium exported to North Macedonia were Motor vehicles; parts and accessories (8701 to 8705) ($10.7M), Tractors ($9.93M), and Laboratory Ceramic Ware ($9.52M). Over the past 5 years the exports of Belgium to North Macedonia have increased at an annualized rate of 0.16%, from $137M in 2017 to $138M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $142M to Belgium. The main products exported from North Macedonia to Belgium were Buses ($77.4M), Raw Tobacco ($17.6M), and Non-Knit Women's Suits ($5.99M). During the last 5 years the exports of North Macedonia to Belgium have decreased at an annualized rate of 4.89%, from $183M in 2017 to $142M in 2022.

In 2017, Belgium exported $138M to North Macedonia. The main products exported from Belgium to North Macedonia were Motor vehicles; parts and accessories (8701 to 8705) ($10.7M), Tractors ($9.93M), and Laboratory Ceramic Ware ($9.52M). During the last 5 years the exports of Belgium to North Macedonia have increased at an annualized rate of 0.16%, from $137M in 2022 to $138M in 2017.

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

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

Latest Data

Trade between North Macedonia () and Belgium ()

North Macedonia Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Belgium
Top DestinationGermany$91.9B

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

In 2022, countries that imported more from North Macedonia than Belgium included Serbia ($800M), Albania ($115M), and Montenegro ($40.3M).

In 2022, countries that imported more from Belgium than North Macedonia included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage North Macedonia - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Belgium in the exports of Transportation ($80.9M), Foodstuffs ($19M), and Textiles ($18.5M).

During 2017, Belgium had a large net trade with North Macedonia in the exports of Machines ($28.5M), Transportation ($23.8M), and Metals ($21.3M).

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 Belgium+$3.95MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Belgium North Macedonia+$3.93MPackaged 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

Year

This visualization shows the product space at the HS4 level with the flags of North Macedonia and Belgium. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over North Macedonia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Belgium ()

North Macedonia Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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