North Macedonia (MKD) and Russia (RUS) Trade | The Observatory of Economic Complexity

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North Macedonia-Russia Trade: In 2023, North Macedonia exported $48M to Russia. The main products that North Macedonia exported to Russia were Packaged Medicaments ($41.1M), Other Vegetables ($4M), and Electric Batteries ($1.27M). Over the past 5 years the exports of North Macedonia to Russia have increased at an annualized rate of 1.5%, from $44.6M in 2018 to $48M in 2023.

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

Russia-North Macedonia Trade: In 2023, Russia exported $265M to North Macedonia. The main products that Russia exported to North Macedonia were Petroleum Gas ($241M), Nitrogenous Fertilizers ($8.32M), and Aluminium Wire ($4.92M). Over the past 5 years the exports of Russia to North Macedonia have increased at an annualized rate of 15.3%, from $130M in 2018 to $265M in 2023.

In 2020, Russia exported services to North Macedonia worth $2.21M, with Other business services ($697k), Transportation ($543k), and Travel ($520k) 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, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $48M to Russia. The main products exported from North Macedonia to Russia were Packaged Medicaments ($41.1M), Other Vegetables ($4M), and Electric Batteries ($1.27M). During the last 5 years the exports of North Macedonia to Russia have increased at an annualized rate of 1.5%, from $44.6M in 2018 to $48M in 2023.

In 2018, Russia exported $265M to North Macedonia. The main products exported from Russia to North Macedonia were Petroleum Gas ($241M), Nitrogenous Fertilizers ($8.32M), and Aluminium Wire ($4.92M). During the last 5 years the exports of Russia to North Macedonia have increased at an annualized rate of 15.3%, from $130M in 2023 to $265M in 2018.

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

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

Latest Data

Trade between North Macedonia () and Russia ()

North Macedonia Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from North Macedonia than Russia included Albania ($150M), Croatia ($140M), and Germany ($4B).

In 2023, countries that imported more from Russia than North Macedonia included China ($129B), India ($66.1B), and Turkey ($31B).

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

Comparative Advantage North Macedonia - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Russia in the exports of Chemical Products ($41.1M), Vegetable Products ($4.14M), and Machines ($1.32M).

During 2018, Russia had a large net trade with North Macedonia in the exports of Mineral Products ($243M), Chemical Products ($13.3M), and Metals ($5.03M).

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 Russia+$11.2MPackaged Medicaments

Top Product Potential Russia North Macedonia+$24MRefined Petroleum

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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Bilateral Service Trade

Rus Year

In 2020, Russia exported services to North Macedonia worth $2.21M, with Other business services ($697k), Transportation ($543k), and Travel ($520k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to North Macedonia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of North Macedonia and Russia. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Russia. Similarly, a dot/product with the flag of Russia indicates it has a comparative advantage over North Macedonia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Russia ()

North Macedonia Exports

Russia Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Russia

Potential Exports

Potential Exports

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Bilateral Service Trade

Services Exports from Russia () to North Macedonia () (2020)

Service Trade

Economic Complexity

Competitive Landscape

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

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