2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP
$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH
-7.22%CURRENT US$
Rnk 172 / 186
2022
Flag
GDP PC 
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC
$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH
-18.1%CURRENT US$
Rnk 169 / 186

About

North Macedonia-Colombia Trade: In 2022, North Macedonia exported $210k to Colombia. The main products that North Macedonia exported to Colombia were Rubber Apparel ($99.8k), Paper Labels ($38.7k), and Scrap Iron ($16.8k). Over the past 5 years the exports of North Macedonia to Colombia have decreased at an annualized rate of 3.02%, from $245k in 2017 to $210k in 2022.

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

Colombia-North Macedonia Trade: In 2022, Colombia exported $3.35M to North Macedonia. The main products that Colombia exported to North Macedonia were Bananas ($2.89M), Raw Sugar ($267k), and Confectionery Sugar ($91.1k). Over the past 5 years the exports of Colombia to North Macedonia have decreased at an annualized rate of 12.8%,  from $6.63M in 2017 to $3.35M in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $210k to Colombia. The main products exported from North Macedonia to Colombia were Rubber Apparel ($99.8k), Paper Labels ($38.7k), and Scrap Iron ($16.8k). During the last 5 years the exports of North Macedonia to Colombia have decreased at an annualized rate of 3.02%, from $245k in 2017 to $210k in 2022.

In 2017, Colombia exported $3.35M to North Macedonia. The main products exported from Colombia to North Macedonia were Bananas ($2.89M), Raw Sugar ($267k), and Confectionery Sugar ($91.1k). During the last 5 years the exports of Colombia to North Macedonia have decreased at an annualized rate of 12.8%, from $6.63M in 2022 to $3.35M in 2017.

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

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

Latest Data

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

North Macedonia Exports

Colombia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Colombia
Top Destination
United States$15.6B

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 2022, countries that imported more from North Macedonia than Colombia included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Colombia than North Macedonia included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage North Macedonia - Colombia

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Colombia in the exports of Plastics and Rubbers ($99.8k), Paper Goods ($51.6k), and Textiles ($17.6k).

During 2017, Colombia had a large net trade with North Macedonia in the exports of Vegetable Products ($2.91M), Foodstuffs ($358k), and Machines ($50.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
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

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.

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

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