North Macedonia (MKD) and Peru (PER) Trade | The Observatory of Economic Complexity

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North Macedonia-Peru Trade: In 2022, North Macedonia exported $196k to Peru. The main products that North Macedonia exported to Peru were Precious Metal Compounds ($89.4k), Stone Processing Machines ($21.4k), and Industrial Fatty Acids, Oils and Alcohols ($12.6k). Over the past 5 years the exports of North Macedonia to Peru have decreased at an annualized rate of 4.48%, from $246k in 2017 to $196k in 2022.

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

Peru-North Macedonia Trade: In 2022, Peru exported $848k to North Macedonia. The main products that Peru exported to North Macedonia were Sowing Seeds ($310k), Raw Zinc ($203k), and Tropical Fruits ($89.9k). Over the past 5 years the exports of Peru to North Macedonia have increased at an annualized rate of 15.9%, from $406k in 2017 to $848k in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $196k to Peru. The main products exported from North Macedonia to Peru were Precious Metal Compounds ($89.4k), Stone Processing Machines ($21.4k), and Industrial Fatty Acids, Oils and Alcohols ($12.6k). During the last 5 years the exports of North Macedonia to Peru have decreased at an annualized rate of 4.48%, from $246k in 2017 to $196k in 2022.

In 2017, Peru exported $848k to North Macedonia. The main products exported from Peru to North Macedonia were Sowing Seeds ($310k), Raw Zinc ($203k), and Tropical Fruits ($89.9k). During the last 5 years the exports of Peru to North Macedonia have increased at an annualized rate of 15.9%, from $406k in 2022 to $848k in 2017.

Exports from North Macedonia () to Peru () (2022)

Exports from Peru () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Peru ()

North Macedonia Exports

Date

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Peru
Top DestinationChina$17.6B

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

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

In 2022, countries that imported more from Peru than North Macedonia included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

Difference in imports from Peru () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Peru in the exports of Chemical Products ($103k), Machines ($33.9k), and Metals ($25.7k).

During 2017, Peru had a large net trade with North Macedonia in the exports of Vegetable Products ($548k), Metals ($203k), and Textiles ($70.8k).

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 Peru+$47.5kInsulated Wire

Top Product Potential Peru North Macedonia+$177kRaw Zinc

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

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Peru () (2022)

Exports from Peru () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Peru ()

North Macedonia Exports

Peru Exports

Market Competitiveness

Difference in imports from Peru () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Peru () (2022)

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