North Macedonia (MKD) and Spain (ESP) Trade | The Observatory of Economic Complexity

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North Macedonia-Spain Trade: In 2022, North Macedonia exported $179M to Spain. The main products that North Macedonia exported to Spain were Insulated Wire ($105M), Ferroalloys ($26.1M), and Electric Batteries ($16.2M). Over the past 5 years the exports of North Macedonia to Spain have increased at an annualized rate of 10.5%, from $109M in 2017 to $179M in 2022.

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

Spain-North Macedonia Trade: In 2022, Spain exported $138M to North Macedonia. The main products that Spain exported to North Macedonia were Electric Generating Sets ($16.6M), Pig Meat ($13.5M), and Cars ($8.83M). Over the past 5 years the exports of Spain to North Macedonia have increased at an annualized rate of 9.05%, from $89.6M in 2017 to $138M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $179M to Spain. The main products exported from North Macedonia to Spain were Insulated Wire ($105M), Ferroalloys ($26.1M), and Electric Batteries ($16.2M). During the last 5 years the exports of North Macedonia to Spain have increased at an annualized rate of 10.5%, from $109M in 2017 to $179M in 2022.

In 2017, Spain exported $138M to North Macedonia. The main products exported from Spain to North Macedonia were Electric Generating Sets ($16.6M), Pig Meat ($13.5M), and Cars ($8.83M). During the last 5 years the exports of Spain to North Macedonia have increased at an annualized rate of 9.05%, from $89.6M in 2022 to $138M in 2017.

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

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

Latest Data

Trade between North Macedonia () and Spain ()

North Macedonia Exports

Date

Spain Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Spain
Top DestinationFrance$65.2B

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

In 2022, countries that imported more from North Macedonia than Spain included Serbia ($800M).

In 2022, countries that imported more from Spain than North Macedonia included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage North Macedonia - Spain

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Spain in the exports of Machines ($141M), Metals ($28M), and Textiles ($2.86M).

During 2017, Spain had a large net trade with North Macedonia in the exports of Machines ($32.6M), Animal Products ($19.4M), and Transportation ($14.6M).

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 Spain+$3.98MElectric Batteries

Top Product Potential Spain North Macedonia+$7.51MCars

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Spain ()

North Macedonia Exports

Spain Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Spain

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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