North Macedonia (MKD) and Thailand (THA) Trade | The Observatory of Economic Complexity

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North Macedonia-Thailand Trade: In 2023, North Macedonia exported $3.75M to Thailand. The main products that North Macedonia exported to Thailand were Thermostats ($1.34M), Electrical Lighting and Signalling Equipment ($652k), and Insulated Wire ($240k). Over the past 5 years the exports of North Macedonia to Thailand have increased at an annualized rate of 6.33%, from $2.76M in 2018 to $3.75M in 2023.

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

Thailand-North Macedonia Trade: In 2023, Thailand exported $36M to North Macedonia. The main products that Thailand exported to North Macedonia were Electrical Power Accessories ($6.37M), Processed Fish ($4.3M), and Integrated Circuits ($3.56M). Over the past 5 years the exports of Thailand to North Macedonia have increased at an annualized rate of 13.7%, from $19M in 2018 to $36M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $3.75M to Thailand. The main products exported from North Macedonia to Thailand were Thermostats ($1.34M), Electrical Lighting and Signalling Equipment ($652k), and Insulated Wire ($240k). During the last 5 years the exports of North Macedonia to Thailand have increased at an annualized rate of 6.33%, from $2.76M in 2018 to $3.75M in 2023.

In 2018, Thailand exported $36M to North Macedonia. The main products exported from Thailand to North Macedonia were Electrical Power Accessories ($6.37M), Processed Fish ($4.3M), and Integrated Circuits ($3.56M). During the last 5 years the exports of Thailand to North Macedonia have increased at an annualized rate of 13.7%, from $19M in 2023 to $36M in 2018.

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

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

Latest Data

Trade between North Macedonia () and Thailand ()

North Macedonia Exports

Date

Thailand Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from North Macedonia than Thailand included Serbia ($827M), Bulgaria ($566M), and Greece ($542M).

In 2023, countries that imported more from Thailand than North Macedonia included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

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

Comparative Advantage North Macedonia - Thailand

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Thailand in the exports of Machines ($1.86M), Instruments ($1.34M), and Textiles ($293k).

During 2018, Thailand had a large net trade with North Macedonia in the exports of Machines ($20.9M), Foodstuffs ($4.77M), and Plastics and Rubbers ($1.95M).

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 Thailand+$969kThermostats

Top Product Potential Thailand North Macedonia+$3.75MIntegrated Circuits

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Thailand ()

North Macedonia Exports

Thailand Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Thailand

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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