North Macedonia (MKD) and Colombia (COL) Trade | The Observatory of Economic Complexity

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North Macedonia-Colombia Trade: In 2023, North Macedonia exported $213k to Colombia. The main products that North Macedonia exported to Colombia were Paper Labels ($57.4k), Other Printed Material ($55.8k), and Motor vehicles; parts and accessories (8701 to 8705) ($30.9k). Over the past 5 years the exports of North Macedonia to Colombia have increased at an annualized rate of 7.31%, from $150k in 2018 to $213k in 2023.

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

Colombia-North Macedonia Trade: In 2023, Colombia exported $2.44M to North Macedonia. The main products that Colombia exported to North Macedonia were Bananas ($1.93M), Raw Sugar ($330k), and Confectionery Sugar ($86.5k). Over the past 5 years the exports of Colombia to North Macedonia have decreased at an annualized rate of 20.1%, from $7.48M in 2018 to $2.44M in 2023.

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

Comparison In 2023, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. That same year, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $213k to Colombia. The main products exported from North Macedonia to Colombia were Paper Labels ($57.4k), Other Printed Material ($55.8k), and Motor vehicles; parts and accessories (8701 to 8705) ($30.9k). During the last 5 years the exports of North Macedonia to Colombia have increased at an annualized rate of 7.31%, from $150k in 2018 to $213k in 2023.

In 2018, Colombia exported $2.44M to North Macedonia. The main products exported from Colombia to North Macedonia were Bananas ($1.93M), Raw Sugar ($330k), and Confectionery Sugar ($86.5k). During the last 5 years the exports of Colombia to North Macedonia have decreased at an annualized rate of 20.1%, from $7.48M in 2023 to $2.44M in 2018.

Exports from North Macedonia () to Colombia () (2023)

Exports from Colombia () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Colombia ()

North Macedonia Exports

Date

Colombia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Colombia
Top DestinationUnited States$14.8B

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

In 2023, countries that imported more from North Macedonia than Colombia included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

In 2023, countries that imported more from Colombia than North Macedonia included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

Difference in imports from Colombia () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Colombia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Colombia in the exports of Paper Goods ($113k), Transportation ($30.9k), and Machines ($28.2k).

During 2018, Colombia had a large net trade with North Macedonia in the exports of Vegetable Products ($2M), Foodstuffs ($419k), and Chemical Products ($15.2k).

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 Colombia+$45.3kMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential Colombia North Macedonia+$332kRaw Sugar

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Colombia () (2023)

Exports from Colombia () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Colombia ()

North Macedonia Exports

Colombia Exports

Market Competitiveness

Difference in imports from Colombia () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Colombia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Colombia () (2023)

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