North Macedonia / Iceland

North Macedonia-Iceland Trade: In 2022, North Macedonia exported $1.12M to Iceland. The main products that North Macedonia exported to Iceland were Plastic Pipes ($458k), Chocolate ($116k), and Non-Knit Men's Shirts ($109k). Over the past 5 years the exports of North Macedonia to Iceland have increased at an annualized rate of 12%, from $635k in 2017 to $1.12M in 2022.

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

Iceland-North Macedonia Trade: In 2022, Iceland exported $189k to North Macedonia. The main products that Iceland exported to North Macedonia were Aluminium Wire ($103k), Aluminium Foil ($42.4k), and Orthopedic Appliances ($17.4k). Over the past 5 years the exports of Iceland to North Macedonia have decreased at an annualized rate of 2.24%,  from $242k in 2017 to $189k in 2022.

In 2022, Iceland 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, Iceland ranked 116 in total exports ($7.31B), and does not have data regarding Economic Complexity Index.