North Macedonia (MKD) and Portugal (PRT) Trade | The Observatory of Economic Complexity

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North Macedonia-Portugal Trade: In 2022, North Macedonia exported $7.16M to Portugal. The main products that North Macedonia exported to Portugal were Raw Tobacco ($4.76M), Hot-Rolled Iron ($821k), and Machinery Having Individual Functions ($385k). Over the past 5 years the exports of North Macedonia to Portugal have decreased at an annualized rate of 7.45%, from $10.5M in 2017 to $7.16M in 2022.

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

Portugal-North Macedonia Trade: In 2022, Portugal exported $52.1M to North Macedonia. The main products that Portugal exported to North Macedonia were Plastic Coated Textile Fabric ($18M), Electric Generating Sets ($5.38M), and Other Engines ($4.27M). Over the past 5 years the exports of Portugal to North Macedonia have increased at an annualized rate of 17.1%, from $23.7M in 2017 to $52.1M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $7.16M to Portugal. The main products exported from North Macedonia to Portugal were Raw Tobacco ($4.76M), Hot-Rolled Iron ($821k), and Machinery Having Individual Functions ($385k). During the last 5 years the exports of North Macedonia to Portugal have decreased at an annualized rate of 7.45%, from $10.5M in 2017 to $7.16M in 2022.

In 2017, Portugal exported $52.1M to North Macedonia. The main products exported from Portugal to North Macedonia were Plastic Coated Textile Fabric ($18M), Electric Generating Sets ($5.38M), and Other Engines ($4.27M). During the last 5 years the exports of Portugal to North Macedonia have increased at an annualized rate of 17.1%, from $23.7M in 2022 to $52.1M in 2017.

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

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

Latest Data

Trade between North Macedonia () and Portugal ()

North Macedonia Exports

Date

Portugal Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from North Macedonia than Portugal included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

In 2022, countries that imported more from Portugal than North Macedonia included Spain ($20.5B), France ($9.49B), and United States ($5.66B).

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

Comparative Advantage North Macedonia - Portugal

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, North Macedonia had a large net trade with Portugal in the exports of Foodstuffs ($4.89M), Metals ($988k), and Machines ($573k).

During 2017, Portugal had a large net trade with North Macedonia in the exports of Textiles ($24.3M), Machines ($16.7M), and Transportation ($2.33M).

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 Portugal+$1.16MHot-Rolled Iron

Top Product Potential Portugal North Macedonia+$1.72MCars

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Portugal ()

North Macedonia Exports

Portugal Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Portugal

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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