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2022
Flag → Flag
Exports $683MRnk 3 / 155
2022
Flag → Flag
Top Product $428MElectricity
2022
Flag → Flag
Exports $1.7BRnk 13 / 208
2022
Flag → Flag
Top Product $1.05BRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
Flag  
GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
Flag
GDP PC $6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

North Macedonia-Greece Trade: In 2022, North Macedonia exported $683M to Greece. The main products that North Macedonia exported to Greece were Electricity ($428M), Raw Tobacco ($38.6M), and Coated Flat-Rolled Iron ($27.2M). Over the past 5 years the exports of North Macedonia to Greece have increased at an annualized rate of 25.9%, from $216M in 2017 to $683M in 2022.

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

Greece-North Macedonia Trade: In 2022, Greece exported $1.7B to North Macedonia. The main products that Greece exported to North Macedonia were Refined Petroleum ($1.05B), Electricity ($259M), and Semi-Finished Iron ($65.2M). Over the past 5 years the exports of Greece to North Macedonia have increased at an annualized rate of 19.7%,  from $691M in 2017 to $1.7B in 2022.

In 2022, Greece 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, Greece ranked 50 in the Economic Complexity Index (ECI 0.33), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $683M to Greece. The main products exported from North Macedonia to Greece were Electricity ($428M), Raw Tobacco ($38.6M), and Coated Flat-Rolled Iron ($27.2M). During the last 5 years the exports of North Macedonia to Greece have increased at an annualized rate of 25.9%, from $216M in 2017 to $683M in 2022.

In 2017, Greece exported $1.7B to North Macedonia. The main products exported from Greece to North Macedonia were Refined Petroleum ($1.05B), Electricity ($259M), and Semi-Finished Iron ($65.2M). During the last 5 years the exports of Greece to North Macedonia have increased at an annualized rate of 19.7%, from $691M in 2022 to $1.7B in 2017.

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

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

Latest Data

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

North Macedonia Exports

Greece Exports

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$3.96B
Greece
Top DestinationItaly$5.82B

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

In 2022, countries that imported more from North Macedonia than Greece included Germany ($3.96B), Serbia ($800M), and Bosnia and Herzegovina ($106M).

In 2022, countries that imported more from Greece than North Macedonia included Italy ($5.82B), Bulgaria ($3.62B), and Cyprus ($2.92B).

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

Comparative Advantage North Macedonia - Greece

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Greece in the exports of Mineral Products ($438M), Metals ($99.5M), and Foodstuffs ($50M).

During 2017, Greece had a large net trade with North Macedonia in the exports of Mineral Products ($1.36B), Metals ($142M), and Foodstuffs ($32.7M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Greece+$5.67MHot-Rolled Iron
Top Product Potential Greece North Macedonia+$4.58MPetroleum Gas

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

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

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