North Macedonia / South Korea

North Macedonia-South Korea Trade: In 2022, North Macedonia exported $5.48M to South Korea. The main products that North Macedonia exported to South Korea were Machinery Having Individual Functions ($1.78M), Raw Tobacco ($1.24M), and Other Heating Machinery ($476k). Over the past 5 years the exports of North Macedonia to South Korea have increased at an annualized rate of 16.3%, from $2.57M in 2017 to $5.48M in 2022.

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

South Korea-North Macedonia Trade: In 2022, South Korea exported $46.3M to North Macedonia. The main products that South Korea exported to North Macedonia were Aluminium Bars ($9.75M), Cars ($3.88M), and Plastic Coated Textile Fabric ($3.85M). Over the past 5 years the exports of South Korea to North Macedonia have increased at an annualized rate of 3.72%,  from $35.9M in 2017 to $46.3M in 2022.

In 2022, South Korea 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, South Korea ranked 4 in the Economic Complexity Index (ECI 1.78), and 5 in total exports ($705B).