2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP
$301BCURRENT US$
Rnk 44 / 186
2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
Rnk 30 / 186
2022
Flag
GDP PC 
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC
$15,892CURRENT US$
Rnk 60 / 186
2012-2022
Flag
GDP PC GROWTH
77.9%CURRENT US$
Rnk 16 / 186

About

North Macedonia-Romania Trade: In 2022, North Macedonia exported $129M to Romania. The main products that North Macedonia exported to Romania were Seats ($20.6M), Hot-Rolled Iron ($12.2M), and Raw Iron Bars ($10.8M). Over the past 5 years the exports of North Macedonia to Romania have decreased at an annualized rate of 2.29%, from $145M in 2017 to $129M in 2022.

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

Romania-North Macedonia Trade: In 2022, Romania exported $252M to North Macedonia. The main products that Romania exported to North Macedonia were Hot-Rolled Iron ($65.3M), Insulated Wire ($21M), and Plastic Coated Textile Fabric ($14.1M). Over the past 5 years the exports of Romania to North Macedonia have increased at an annualized rate of 0.082%,  from $251M in 2017 to $252M in 2022.

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 2022,  North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). That same year, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $129M to Romania. The main products exported from North Macedonia to Romania were Seats ($20.6M), Hot-Rolled Iron ($12.2M), and Raw Iron Bars ($10.8M). During the last 5 years the exports of North Macedonia to Romania have decreased at an annualized rate of 2.29%, from $145M in 2017 to $129M in 2022.

In 2017, Romania exported $252M to North Macedonia. The main products exported from Romania to North Macedonia were Hot-Rolled Iron ($65.3M), Insulated Wire ($21M), and Plastic Coated Textile Fabric ($14.1M). During the last 5 years the exports of Romania to North Macedonia have increased at an annualized rate of 0.082%, from $251M in 2022 to $252M in 2017.

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

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

Latest Data

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

North Macedonia Exports

Romania Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Romania
Top Destination
Germany$18.8B

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 2022, countries that imported more from North Macedonia than Romania included Montenegro ($40.3M), Rwanda ($956k), and Democratic Republic of the Congo ($1.24M).

In 2022, countries that imported more from Romania than North Macedonia included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

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 2022, North Macedonia had a large net trade with Romania in the exports of N/A.

During 2017, Romania had a large net trade with North Macedonia in the exports of Metals ($71.2M), Machines ($44.4M), and Textiles ($38.6M).

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) (2022)

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