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2023
Flag → Flag
Exports $1.33MRnk 66 / 160
2023
Flag → Flag
Top Product $510kPlastic Pipes
2023
Flag → Flag
Exports $49.4kRnk 121 / 157
2023
Flag → Flag
Top Product $12.6kOrthopedic Appliances
2023
Flag  
GDP$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
GDP PC $8,624CURRENT US$
Rnk 92 / 195
2013-2023
Flag
GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC$79,637CURRENT US$
Rnk 11 / 196
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195

About

North Macedonia-Iceland Trade: In 2023, North Macedonia exported $1.33M to Iceland. The main products that North Macedonia exported to Iceland were Plastic Pipes ($510k), Non-Knit Men's Shirts ($154k), and Non-Knit Women's Shirts ($141k). Over the past 5 years the exports of North Macedonia to Iceland have increased at an annualized rate of 16.6%, from $616k in 2018 to $1.33M in 2023.

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

Iceland-North Macedonia Trade: In 2023, Iceland exported $49.4k to North Macedonia. The main products that Iceland exported to North Macedonia were Orthopedic Appliances ($12.6k), Molluscs ($11.2k), and Oscilloscopes ($5.32k). Over the past 5 years the exports of Iceland to North Macedonia have decreased at an annualized rate of 24.6%,  from $203k in 2018 to $49.4k in 2023.

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

Comparison In 2023,  North Macedonia ranked 104 in total exports ($10.1B). That same year, Iceland ranked 115 in total exports ($7.31B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Macedonia exported $1.33M to Iceland. The main products exported from North Macedonia to Iceland were Plastic Pipes ($510k), Non-Knit Men's Shirts ($154k), and Non-Knit Women's Shirts ($141k). During the last 5 years the exports of North Macedonia to Iceland have increased at an annualized rate of 16.6%, from $616k in 2018 to $1.33M in 2023.

In 2018, Iceland exported $49.4k to North Macedonia. The main products exported from Iceland to North Macedonia were Orthopedic Appliances ($12.6k), Molluscs ($11.2k), and Oscilloscopes ($5.32k). During the last 5 years the exports of Iceland to North Macedonia have decreased at an annualized rate of 24.6%, from $203k in 2023 to $49.4k in 2018.

Exports from North Macedonia (Flag) to Iceland (Flag) (2023)

Exports from Iceland (Flag) to North Macedonia (Flag) (2023)

Latest Data

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

North Macedonia Exports

Iceland Exports

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$4B
Iceland
Top DestinationNetherlands$1.97B

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

In 2023, countries that imported more from North Macedonia than Iceland included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

In 2023, countries that imported more from Iceland than North Macedonia included Netherlands ($1.97B), United States ($735M), and Norway ($444M).

Difference in imports from Iceland (Flag) and North Macedonia (Flag) (2023)

Comparative Advantage North Macedonia - Iceland

Flow
Scale

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

During 2023, North Macedonia had a large net trade with Iceland in the exports of Textiles ($604k), Plastics and Rubbers ($511k), and Foodstuffs ($120k).

During 2018, Iceland had a large net trade with North Macedonia in the exports of Instruments ($18.5k), Animal Products ($14.1k), and Textiles ($7.49k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of North Macedonia and Iceland. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Iceland. Similarly, a dot/product with the flag of Iceland indicates it has a comparative advantage over North Macedonia.

Product Space of North Macedonia (Flag) and Iceland (Flag) (2023)

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