2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP
$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH
84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC 
$8,624CURRENT US$
Rnk 92 / 195
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC
$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH
93.8%CURRENT US$
Rnk 11 / 195

About

North Macedonia-Romania Trade: In 2023, North Macedonia exported $159M to Romania. The main products that North Macedonia exported to Romania were Hot-Rolled Iron ($33.7M), Seats ($22.7M), and Glass Mirrors ($11.8M). Over the past 5 years the exports of North Macedonia to Romania have decreased at an annualized rate of 4.73%, from $203M in 2018 to $159M in 2023.

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

Romania-North Macedonia Trade: In 2023, Romania exported $223M to North Macedonia. The main products that Romania exported to North Macedonia were Insulated Wire ($27.7M), Plastic Coated Textile Fabric ($22.5M), and Hot-Rolled Iron ($21.8M). Over the past 5 years the exports of Romania to North Macedonia have decreased at an annualized rate of 6.67%,  from $315M in 2018 to $223M in 2023.

In 2011, Romania exported services to North Macedonia worth $4.27M, with Services not allocated ($2.14M), Travel ($916k), and Communications services ($916k) being the largest in terms of value.

Comparison In 2023,  North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Macedonia exported $159M to Romania. The main products exported from North Macedonia to Romania were Hot-Rolled Iron ($33.7M), Seats ($22.7M), and Glass Mirrors ($11.8M). During the last 5 years the exports of North Macedonia to Romania have decreased at an annualized rate of 4.73%, from $203M in 2018 to $159M in 2023.

In 2018, Romania exported $223M to North Macedonia. The main products exported from Romania to North Macedonia were Insulated Wire ($27.7M), Plastic Coated Textile Fabric ($22.5M), and Hot-Rolled Iron ($21.8M). During the last 5 years the exports of Romania to North Macedonia have decreased at an annualized rate of 6.67%, from $315M in 2023 to $223M in 2018.

Exports from North Macedonia (Flag) to Romania (Flag) (2023)

Exports from Romania (Flag) to North Macedonia (Flag) (2023)

Latest Data

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

North Macedonia Exports

Romania Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$4B
Romania
Top Destination
Germany$19.9B

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

In 2023, countries that imported more from North Macedonia than Romania included Albania ($150M), Montenegro ($46.7M), and Belize ($322k).

In 2023, countries that imported more from Romania than North Macedonia included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

Difference in imports from Romania (Flag) and North Macedonia (Flag) (2023)

Comparative Advantage North Macedonia - Romania

Flow
Scale

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

During 2023, North Macedonia had a large net trade with Romania in the exports of Metals ($62M), Miscellaneous ($26.1M), and Machines ($24.5M).

During 2018, Romania had a large net trade with North Macedonia in the exports of Machines ($54.5M), Textiles ($45.2M), and Metals ($30.5M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Romania+$8.84MInsulated Wire
Top Product Potential Romania North Macedonia+$5.13MCars

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

Product Space of North Macedonia (Flag) and Romania (Flag) (2023)

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