North Macedonia (MKD) and Nepal (NPL) Trade | The Observatory of Economic Complexity

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North Macedonia-Nepal Trade: In 2023, North Macedonia exported $625 to Nepal. The main products that North Macedonia exported to Nepal were Paper Labels ($625). Over the past 6 years the exports of North Macedonia to Nepal have decreased at an annualized rate of 44.8%, from $22.1k in 2017 to $625 in 2023.

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

Nepal-North Macedonia In N/A, Nepal did not export any products to North Macedonia.

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

Comparison In 2023, North Macedonia ranked 104 in total exports ($10.1B). That same year, Nepal ranked 156 in total exports ($1.21B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $625 to Nepal. The main products exported from North Macedonia to Nepal were Paper Labels ($625). During the last 6 years the exports of North Macedonia to Nepal have decreased at an annualized rate of 44.8%, from $22.1k in 2017 to $625 in 2023.

Nepal does not register exports to North Macedonia. The main products exported from Nepal to North Macedonia were Beauty Products ($317), Paper Containers ($169), and Shaving Products ($129).

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

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

Latest Data

Trade between North Macedonia () and Nepal ()

North Macedonia Exports

Date

Nov 2019

Apr 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Nepal
Top DestinationIndia$811M

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

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

In 2023, countries that imported more from Nepal than North Macedonia included India ($811M), Singapore ($5.71M), and Japan ($13M).

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

Comparative Advantage North Macedonia - Nepal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Nepal in the exports of Paper Goods ($625).

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 Nepal+$4.17kTherapeutic Appliances

Top Product Potential Nepal North Macedonia+$5.94kKnotted Carpets

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Nepal ()

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Nepal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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