2023
Flag  
GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
 GDP
$30.8BCURRENT US$
Rnk 108 / 195
2013-2023
Flag
GDP GROWTH
63.1%CURRENT US$
Rnk 46 / 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
$1,706CURRENT US$
Rnk 162 / 196
2013-2023
Flag
GDP PC GROWTH
23.7%CURRENT US$
Rnk 92 / 195

About

North Macedonia-Senegal Trade: In 2023, North Macedonia exported $198k to Senegal. The main products that North Macedonia exported to Senegal were Other Furniture ($67.9k), Plastic Wash Basins ($41.2k), and Iron Toiletry ($30.2k). Over the past 5 years the exports of North Macedonia to Senegal have increased at an annualized rate of 13.8%, from $104k in 2018 to $198k in 2023.

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

Senegal-North Macedonia Trade: In 2023, Senegal exported $13k to North Macedonia. The main products that Senegal exported to North Macedonia were Non-fillet Frozen Fish ($3.69k), Integrated Circuits ($3.51k), and Processed Crustaceans ($2.21k). Over the past 5 years the exports of Senegal to North Macedonia have decreased at an annualized rate of 18%,  from $35.2k in 2018 to $13k in 2023.

In 2023, Senegal 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, Senegal ranked 87 in the Economic Complexity Index (ECI -0.51), and 125 in total exports ($5.72B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, North Macedonia exported $198k to Senegal. The main products exported from North Macedonia to Senegal were Other Furniture ($67.9k), Plastic Wash Basins ($41.2k), and Iron Toiletry ($30.2k). During the last 5 years the exports of North Macedonia to Senegal have increased at an annualized rate of 13.8%, from $104k in 2018 to $198k in 2023.

In 2018, Senegal exported $13k to North Macedonia. The main products exported from Senegal to North Macedonia were Non-fillet Frozen Fish ($3.69k), Integrated Circuits ($3.51k), and Processed Crustaceans ($2.21k). During the last 5 years the exports of Senegal to North Macedonia have decreased at an annualized rate of 18%, from $35.2k in 2023 to $13k in 2018.

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

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

Latest Data

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

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$4B
Senegal
Top Destination
Mali$1.22B

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

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

In 2023, countries that imported more from Senegal than North Macedonia included Mali ($1.22B), India ($681M), and Switzerland ($625M).

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

Comparative Advantage North Macedonia - Senegal

Flow
Scale

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

During 2023, North Macedonia had a large net trade with Senegal in the exports of Miscellaneous ($69k), Plastics and Rubbers ($44.9k), and Metals ($31.2k).

During 2018, Senegal had a large net trade with North Macedonia in the exports of Animal Products ($4.6k), Machines ($3.51k), and Foodstuffs ($2.21k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Senegal+$36kStone Processing Machines
Top Product Potential Senegal North Macedonia+$16.5kMolluscs

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

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

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