North Macedonia (MKD) and Hong Kong (HKG) Trade | The Observatory of Economic Complexity

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North Macedonia-Hong Kong Trade: In 2023, North Macedonia exported $2.01M to Hong Kong. The main products that North Macedonia exported to Hong Kong were Base Metal Watches ($1.12M), Electrical Capacitors ($576k), and Petroleum Gas ($121k). Over the past 5 years the exports of North Macedonia to Hong Kong have decreased at an annualized rate of 20.2%, from $6.19M in 2018 to $2.01M in 2023.

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

Hong Kong-North Macedonia Trade: In 2023, Hong Kong exported $4.98M to North Macedonia. The main products that Hong Kong exported to North Macedonia were Printed Circuit Boards ($969k), Iron Wire ($929k), and Zippers ($264k). Over the past 5 years the exports of Hong Kong to North Macedonia have decreased at an annualized rate of 3.4%, from $5.92M in 2018 to $4.98M in 2023.

In 2023, Hong Kong 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, Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12), and 38 in total exports ($117B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $2.01M to Hong Kong. The main products exported from North Macedonia to Hong Kong were Base Metal Watches ($1.12M), Electrical Capacitors ($576k), and Petroleum Gas ($121k). During the last 5 years the exports of North Macedonia to Hong Kong have decreased at an annualized rate of 20.2%, from $6.19M in 2018 to $2.01M in 2023.

In 2018, Hong Kong exported $4.98M to North Macedonia. The main products exported from Hong Kong to North Macedonia were Printed Circuit Boards ($969k), Iron Wire ($929k), and Zippers ($264k). During the last 5 years the exports of Hong Kong to North Macedonia have decreased at an annualized rate of 3.4%, from $5.92M in 2023 to $4.98M in 2018.

Exports from North Macedonia () to Hong Kong () (2023)

Exports from Hong Kong () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Hong Kong ()

North Macedonia Exports

Date

Hong Kong Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Hong Kong
Top DestinationChina$25.3B

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

In 2023, countries that imported more from North Macedonia than Hong Kong included Germany ($4B), Serbia ($827M), and Greece ($542M).

In 2023, countries that imported more from Hong Kong than North Macedonia included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

Difference in imports from Hong Kong () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Hong Kong

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Hong Kong in the exports of Instruments ($1.16M), Machines ($663k), and Mineral Products ($132k).

During 2018, Hong Kong had a large net trade with North Macedonia in the exports of Machines ($2.09M), Metals ($1.02M), and Miscellaneous ($569k).

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 Hong Kong+$1.07MElectrical Capacitors

Top Product Potential Hong Kong North Macedonia+$945kTelephones

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

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Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Hong Kong () (2023)

Exports from Hong Kong () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Hong Kong ()

North Macedonia Exports

Hong Kong Exports

Market Competitiveness

Difference in imports from Hong Kong () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Hong Kong

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Hong Kong () (2023)

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