North Macedonia (MKD) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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North Macedonia-Sweden Trade: In 2023, North Macedonia exported $39.3M to Sweden. The main products that North Macedonia exported to Sweden were Chocolate ($6.37M), Insulated Wire ($5.37M), and Non-Knit Men's Shirts ($5.26M). Over the past 5 years the exports of North Macedonia to Sweden have increased at an annualized rate of 8.72%, from $25.9M in 2018 to $39.3M in 2023.

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

Sweden-North Macedonia Trade: In 2023, Sweden exported $49.5M to North Macedonia. The main products that Sweden exported to North Macedonia were Tractors ($6.21M), Cars ($3.96M), and Delivery Trucks ($3.22M). Over the past 5 years the exports of Sweden to North Macedonia have increased at an annualized rate of 5.19%, from $31.4M in 2018 to $49.5M in 2023.

In 2009, Sweden exported services to North Macedonia worth $29.6M, with Services not allocated ($14.7M), Other business services ($8.68M), and Computer and information services ($5.83M) 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.53), and 32 in total exports ($188B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $39.3M to Sweden. The main products exported from North Macedonia to Sweden were Chocolate ($6.37M), Insulated Wire ($5.37M), and Non-Knit Men's Shirts ($5.26M). During the last 5 years the exports of North Macedonia to Sweden have increased at an annualized rate of 8.72%, from $25.9M in 2018 to $39.3M in 2023.

In 2018, Sweden exported $49.5M to North Macedonia. The main products exported from Sweden to North Macedonia were Tractors ($6.21M), Cars ($3.96M), and Delivery Trucks ($3.22M). During the last 5 years the exports of Sweden to North Macedonia have increased at an annualized rate of 5.19%, from $31.4M in 2023 to $49.5M in 2018.

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

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

Latest Data

Trade between North Macedonia () and Sweden ()

North Macedonia Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Sweden
Top DestinationGermany$18.4B

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

In 2023, countries that imported more from North Macedonia than Sweden included Serbia ($827M), Bulgaria ($566M), and Albania ($150M).

In 2023, countries that imported more from Sweden than North Macedonia included United States ($18.1B), Germany ($18.4B), and Denmark ($14.4B).

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

Comparative Advantage North Macedonia - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Sweden in the exports of Foodstuffs ($12M), Machines ($9.82M), and Textiles ($6.01M).

During 2018, Sweden had a large net trade with North Macedonia in the exports of Machines ($19.9M), Transportation ($15.4M), and Plastics and Rubbers ($2.79M).

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 Sweden+$3.84MInsulated Wire

Top Product Potential Sweden North Macedonia+$2.34MCars

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

Year

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Sweden ()

North Macedonia Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Sweden

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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