2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP
$1.07TCURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP GROWTH
41.6%CURRENT US$
Rnk 90 / 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
$32,094CURRENT US$
Rnk 44 / 196
2013-2023
Flag
GDP PC GROWTH
17.6%CURRENT US$
Rnk 109 / 195

About

North Macedonia-Saudi Arabia Trade: In 2023, North Macedonia exported $7.68M to Saudi Arabia. The main products that North Macedonia exported to Saudi Arabia were Hot-Rolled Iron ($1.53M), Knit T-shirts ($1.05M), and Other Furniture ($761k). Over the past 5 years the exports of North Macedonia to Saudi Arabia have increased at an annualized rate of 13.7%, from $4.05M in 2018 to $7.68M in 2023.

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

Saudi Arabia-North Macedonia Trade: In 2023, Saudi Arabia exported $27.2M to North Macedonia. The main products that Saudi Arabia exported to North Macedonia were Ethylene Polymers ($19M), Propylene Polymers ($3.48M), and Refined Petroleum ($2.57M). Over the past 5 years the exports of Saudi Arabia to North Macedonia have increased at an annualized rate of 15%,  from $8.87M in 2018 to $27.2M in 2023.

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

Comparison In 2023,  North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index. That same year, Saudi Arabia ranked 36 in the Economic Complexity Index (ECI 0.76), and 26 in total exports ($300B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Macedonia exported $7.68M to Saudi Arabia. The main products exported from North Macedonia to Saudi Arabia were Hot-Rolled Iron ($1.53M), Knit T-shirts ($1.05M), and Other Furniture ($761k). During the last 5 years the exports of North Macedonia to Saudi Arabia have increased at an annualized rate of 13.7%, from $4.05M in 2018 to $7.68M in 2023.

In 2018, Saudi Arabia exported $27.2M to North Macedonia. The main products exported from Saudi Arabia to North Macedonia were Ethylene Polymers ($19M), Propylene Polymers ($3.48M), and Refined Petroleum ($2.57M). During the last 5 years the exports of Saudi Arabia to North Macedonia have increased at an annualized rate of 15%, from $8.87M in 2023 to $27.2M in 2018.

Exports from North Macedonia (Flag) to Saudi Arabia (Flag) (2023)

Exports from Saudi Arabia (Flag) to North Macedonia (Flag) (2023)

Latest Data

Trade between North Macedonia (Flag) and Saudi Arabia (Flag)

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$4B
Saudi Arabia
Top Destination
China$64.4B

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

In 2023, countries that imported more from North Macedonia than Saudi Arabia included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

In 2023, countries that imported more from Saudi Arabia than North Macedonia included China ($64.4B), India ($34.8B), and Japan ($34.7B).

Difference in imports from Saudi Arabia (Flag) and North Macedonia (Flag) (2023)

Comparative Advantage North Macedonia - Saudi Arabia

Flow
Scale

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

During 2023, North Macedonia had a large net trade with Saudi Arabia in the exports of Metals ($2.42M), Textiles ($1.21M), and Machines ($1.06M).

During 2018, Saudi Arabia had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($23.5M), Mineral Products ($2.57M), and Foodstuffs ($753k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Saudi Arabia+$1.23MElectric Batteries
Top Product Potential Saudi Arabia North Macedonia+$15MRefined 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.

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

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

Product Space of North Macedonia (Flag) and Saudi Arabia (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with