North Macedonia (MKD) and Bulgaria (BGR) Trade | The Observatory of Economic Complexity

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North Macedonia-Bulgaria Trade: In 2022, North Macedonia exported $443M to Bulgaria. The main products that North Macedonia exported to Bulgaria were Lead Ore ($71.8M), Copper Ore ($68.2M), and Zinc Ore ($55.2M). Over the past 5 years the exports of North Macedonia to Bulgaria have increased at an annualized rate of 7.07%, from $315M in 2017 to $443M in 2022.

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

Bulgaria-North Macedonia Trade: In 2022, Bulgaria exported $780M to North Macedonia. The main products that Bulgaria exported to North Macedonia were Electricity ($214M), Refined Petroleum ($97.3M), and Scrap Iron ($45.5M). Over the past 5 years the exports of Bulgaria to North Macedonia have increased at an annualized rate of 12.1%, from $440M in 2017 to $780M in 2022.

In 2022, Bulgaria 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, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $443M to Bulgaria. The main products exported from North Macedonia to Bulgaria were Lead Ore ($71.8M), Copper Ore ($68.2M), and Zinc Ore ($55.2M). During the last 5 years the exports of North Macedonia to Bulgaria have increased at an annualized rate of 7.07%, from $315M in 2017 to $443M in 2022.

In 2017, Bulgaria exported $780M to North Macedonia. The main products exported from Bulgaria to North Macedonia were Electricity ($214M), Refined Petroleum ($97.3M), and Scrap Iron ($45.5M). During the last 5 years the exports of Bulgaria to North Macedonia have increased at an annualized rate of 12.1%, from $440M in 2022 to $780M in 2017.

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

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

Latest Data

Trade between North Macedonia () and Bulgaria ()

North Macedonia Exports

Date

Bulgaria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Bulgaria
Top DestinationGermany$6.91B

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

In 2022, countries that imported more from North Macedonia than Bulgaria included Montenegro ($40.3M) and Bosnia and Herzegovina ($106M).

In 2022, countries that imported more from Bulgaria than North Macedonia included Romania ($6.55B), Italy ($3.85B), and Germany ($6.91B).

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

Comparative Advantage North Macedonia - Bulgaria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Bulgaria in the exports of Mineral Products ($201M), Metals ($73.4M), and Plastics and Rubbers ($39.9M).

During 2017, Bulgaria had a large net trade with North Macedonia in the exports of Mineral Products ($348M), Metals ($127M), and Machines ($53M).

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 Bulgaria+$8.72MInsulated Wire

Top Product Potential Bulgaria North Macedonia+$11.1MRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Bulgaria ()

North Macedonia Exports

Bulgaria Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Bulgaria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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