North Macedonia (MKD) and India (IND) Trade | The Observatory of Economic Complexity

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North Macedonia-India Trade: In 2022, North Macedonia exported $5.93M to India. The main products that North Macedonia exported to India were Machinery Having Individual Functions ($3.05M), Motor vehicles; parts and accessories (8701 to 8705) ($1.4M), and Locomotive Parts ($435k). Over the past 5 years the exports of North Macedonia to India have decreased at an annualized rate of 29.9%, from $34.9M in 2017 to $5.93M in 2022.

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

India-North Macedonia Trade: In 2022, India exported $65.6M to North Macedonia. The main products that India exported to North Macedonia were Antibiotics ($8.47M), Tractors ($4.86M), and Packaged Medicaments ($3.67M). Over the past 5 years the exports of India to North Macedonia have increased at an annualized rate of 11.4%, from $38.3M in 2017 to $65.6M in 2022.

In 2022, India 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, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $5.93M to India. The main products exported from North Macedonia to India were Machinery Having Individual Functions ($3.05M), Motor vehicles; parts and accessories (8701 to 8705) ($1.4M), and Locomotive Parts ($435k). During the last 5 years the exports of North Macedonia to India have decreased at an annualized rate of 29.9%, from $34.9M in 2017 to $5.93M in 2022.

In 2017, India exported $65.6M to North Macedonia. The main products exported from India to North Macedonia were Antibiotics ($8.47M), Tractors ($4.86M), and Packaged Medicaments ($3.67M). During the last 5 years the exports of India to North Macedonia have increased at an annualized rate of 11.4%, from $38.3M in 2022 to $65.6M in 2017.

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

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

Latest Data

Trade between North Macedonia () and India ()

North Macedonia Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from North Macedonia than India included Serbia ($800M), Bulgaria ($443M), and Albania ($115M).

In 2022, countries that imported more from India than North Macedonia included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage North Macedonia - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with India in the exports of Machines ($3.59M), Transportation ($1.83M), and Mineral Products ($193k).

During 2017, India had a large net trade with North Macedonia in the exports of Chemical Products ($21.1M), Textiles ($6.65M), and Vegetable Products ($6.39M).

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 India+$3.96MMotor vehicles; parts and accessories (8701 to 8705)

Top Product Potential India North Macedonia+$5.91MPackaged Medicaments

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

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and India ()

North Macedonia Exports

India Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - India

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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