North Macedonia (MKD) and Iran (IRN) Trade | The Observatory of Economic Complexity

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North Macedonia-Iran Trade: In 2023, North Macedonia exported $414k to Iran. The main products that North Macedonia exported to Iran were Electric Batteries ($205k), Low-voltage Protection Equipment ($102k), and Machinery Having Individual Functions ($32.1k). Over the past 5 years the exports of North Macedonia to Iran have decreased at an annualized rate of 26%, from $1.86M in 2018 to $414k in 2023.

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

Iran-North Macedonia Trade: In 2023, Iran exported $13M to North Macedonia. The main products that Iran exported to North Macedonia were Ethylene Polymers ($3.95M), Copper Wire ($2.39M), and Styrene Polymers ($1.64M). Over the past 5 years the exports of Iran to North Macedonia have increased at an annualized rate of 0.25%, from $12.8M in 2018 to $13M in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $414k to Iran. The main products exported from North Macedonia to Iran were Electric Batteries ($205k), Low-voltage Protection Equipment ($102k), and Machinery Having Individual Functions ($32.1k). During the last 5 years the exports of North Macedonia to Iran have decreased at an annualized rate of 26%, from $1.86M in 2018 to $414k in 2023.

In 2018, Iran exported $13M to North Macedonia. The main products exported from Iran to North Macedonia were Ethylene Polymers ($3.95M), Copper Wire ($2.39M), and Styrene Polymers ($1.64M). During the last 5 years the exports of Iran to North Macedonia have increased at an annualized rate of 0.25%, from $12.8M in 2023 to $13M in 2018.

Exports from North Macedonia () to Iran () (2023)

Exports from Iran () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Iran ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Iran
Top DestinationChina$4.59B

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

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

In 2023, countries that imported more from Iran than North Macedonia included China ($4.59B), Turkey ($2.18B), and India ($1.02B).

Difference in imports from Iran () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Iran

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Iran in the exports of Machines ($354k), Transportation ($29.8k), and Wood Products ($21.2k).

During 2018, Iran had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($5.64M), Metals ($4.21M), and Foodstuffs ($1.31M).

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 Iran+$377kElectric Batteries

Top Product Potential Iran North Macedonia+$374kRefined Petroleum

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Iran () (2023)

Exports from Iran () to North Macedonia () (2023)

Latest Data

Trade between North Macedonia () and Iran ()

North Macedonia Exports

Market Competitiveness

Difference in imports from Iran () and North Macedonia () (2023)

Comparative Advantage North Macedonia - Iran

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Iran () (2023)

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