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Pricing

2022
Flag → Flag
Exports $2.62MRnk 56 / 155
2022
Flag → Flag
Top Product $2.52MMachinery Having Individual Functions
2022
Flag → Flag
Exports $162kRnk 134 / 166
2022
Flag → Flag
Top Product $77.9kOther Oily Seeds
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC $6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

North Macedonia-Nigeria Trade: In 2022, North Macedonia exported $2.62M to Nigeria. The main products that North Macedonia exported to Nigeria were Machinery Having Individual Functions ($2.52M), Wine ($39.2k), and Prepared Cereals ($16.5k). Over the past 5 years the exports of North Macedonia to Nigeria have increased at an annualized rate of 21.7%, from $979k in 2017 to $2.62M in 2022.

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

Nigeria-North Macedonia Trade: In 2022, Nigeria exported $162k to North Macedonia. The main products that Nigeria exported to North Macedonia were Other Oily Seeds ($77.9k), Perfume Plants ($49.9k), and Coconuts, Brazil Nuts, and Cashews ($24.6k). Over the past 5 years the exports of Nigeria to North Macedonia have increased at an annualized rate of 1.54%,  from $139k in 2017 to $162k in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $2.62M to Nigeria. The main products exported from North Macedonia to Nigeria were Machinery Having Individual Functions ($2.52M), Wine ($39.2k), and Prepared Cereals ($16.5k). During the last 5 years the exports of North Macedonia to Nigeria have increased at an annualized rate of 21.7%, from $979k in 2017 to $2.62M in 2022.

In 2017, Nigeria exported $162k to North Macedonia. The main products exported from Nigeria to North Macedonia were Other Oily Seeds ($77.9k), Perfume Plants ($49.9k), and Coconuts, Brazil Nuts, and Cashews ($24.6k). During the last 5 years the exports of Nigeria to North Macedonia have increased at an annualized rate of 1.54%, from $139k in 2022 to $162k in 2017.

Exports from North Macedonia (Flag) to Nigeria (Flag) (2022)

Exports from Nigeria (Flag) to North Macedonia (Flag) (2022)

Latest Data

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

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$3.96B
Nigeria
Top DestinationSpain$9.41B

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

In 2022, countries that imported more from North Macedonia than Nigeria included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Nigeria than North Macedonia included Spain ($9.41B), India ($8.2B), and France ($4.95B).

Difference in imports from Nigeria (Flag) and North Macedonia (Flag) (2022)

Comparative Advantage North Macedonia - Nigeria

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Nigeria in the exports of Machines ($2.53M), Foodstuffs ($83.2k), and Vegetable Products ($4.36k).

During 2017, Nigeria had a large net trade with North Macedonia in the exports of Vegetable Products ($158k), Foodstuffs ($1.87k), and Footwear and Headwear ($1.32k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Nigeria+$97.8kWine
Top Product Potential Nigeria North Macedonia+$108kOther Oily Seeds

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

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

Product Space of North Macedonia (Flag) and Nigeria (Flag) (2022)

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