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

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North Macedonia-Hong Kong Trade: In 2022, North Macedonia exported $3.48M to Hong Kong. The main products that North Macedonia exported to Hong Kong were Base Metal Watches ($1.45M), Electrical Capacitors ($1.16M), and Leather of Other Animals ($222k). Over the past 5 years the exports of North Macedonia to Hong Kong have increased at an annualized rate of 25.7%, from $1.11M in 2017 to $3.48M in 2022.

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

Hong Kong-North Macedonia Trade: In 2022, Hong Kong exported $5.49M to North Macedonia. The main products that Hong Kong exported to North Macedonia were Iron Wire ($1.09M), Printed Circuit Boards ($869k), and Medical Instruments ($562k). Over the past 5 years the exports of Hong Kong to North Macedonia have increased at an annualized rate of 1.2%, from $4.43M in 2017 to $5.49M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $3.48M to Hong Kong. The main products exported from North Macedonia to Hong Kong were Base Metal Watches ($1.45M), Electrical Capacitors ($1.16M), and Leather of Other Animals ($222k). During the last 5 years the exports of North Macedonia to Hong Kong have increased at an annualized rate of 25.7%, from $1.11M in 2017 to $3.48M in 2022.

In 2017, Hong Kong exported $5.49M to North Macedonia. The main products exported from Hong Kong to North Macedonia were Iron Wire ($1.09M), Printed Circuit Boards ($869k), and Medical Instruments ($562k). During the last 5 years the exports of Hong Kong to North Macedonia have increased at an annualized rate of 1.2%, from $4.43M in 2022 to $5.49M in 2017.

Exports from North Macedonia () to Hong Kong () (2022)

Exports from Hong Kong () to North Macedonia () (2022)

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$3.96B

Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Hong Kong than North Macedonia included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong () and North Macedonia () (2022)

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 2022, North Macedonia had a large net trade with Hong Kong in the exports of Machines ($1.53M), Instruments ($1.45M), and Animal Hides ($222k).

During 2017, Hong Kong had a large net trade with North Macedonia in the exports of Machines ($1.87M), Metals ($1.14M), and Instruments ($990k).

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.

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Hong Kong () (2022)

Exports from Hong Kong () to North Macedonia () (2022)

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 () (2022)

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 () (2022)

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