North Macedonia (MKD) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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North Macedonia-Georgia Trade: In 2022, North Macedonia exported $1.83M to Georgia. The main products that North Macedonia exported to Georgia were Unpackaged Medicaments ($418k), Packaged Medicaments ($276k), and Hydraulic Turbines ($229k). Over the past 5 years the exports of North Macedonia to Georgia have increased at an annualized rate of 29.8%, from $498k in 2017 to $1.83M in 2022.

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

Georgia-North Macedonia Trade: In 2022, Georgia exported $281k to North Macedonia. The main products that Georgia exported to North Macedonia were Video and Card Games ($123k), Special Pharmaceuticals ($27.6k), and Spices ($22k). Over the past 5 years the exports of Georgia to North Macedonia have increased at an annualized rate of 9.14%, from $182k in 2017 to $281k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $1.83M to Georgia. The main products exported from North Macedonia to Georgia were Unpackaged Medicaments ($418k), Packaged Medicaments ($276k), and Hydraulic Turbines ($229k). During the last 5 years the exports of North Macedonia to Georgia have increased at an annualized rate of 29.8%, from $498k in 2017 to $1.83M in 2022.

In 2017, Georgia exported $281k to North Macedonia. The main products exported from Georgia to North Macedonia were Video and Card Games ($123k), Special Pharmaceuticals ($27.6k), and Spices ($22k). During the last 5 years the exports of Georgia to North Macedonia have increased at an annualized rate of 9.14%, from $182k in 2022 to $281k in 2017.

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

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

Latest Data

Trade between North Macedonia () and Georgia ()

North Macedonia Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than North Macedonia included China ($759M), Azerbaijan ($668M), and Russia ($642M).

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

Comparative Advantage North Macedonia - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Georgia in the exports of Machines ($765k), Chemical Products ($735k), and Foodstuffs ($131k).

During 2017, Georgia had a large net trade with North Macedonia in the exports of Miscellaneous ($126k), Machines ($33.9k), and Vegetable Products ($32.3k).

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 Georgia+$348kPackaged Medicaments

Top Product Potential Georgia North Macedonia+$19.8kKnit T-shirts

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Georgia ()

North Macedonia Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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