2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC 
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

North Macedonia-Venezuela Trade: In 2022, North Macedonia exported $146k to Venezuela. The main products that North Macedonia exported to Venezuela were Chocolate ($131k) and Baked Goods ($15.2k). Over the past 12 years the exports of North Macedonia to Venezuela have increased at an annualized rate of 7.67%, from $60.2k in 2010 to $146k in 2022.

In 2022, North Macedonia did not export any services to Venezuela.

Venezuela-North Macedonia Trade: In 2022, Venezuela exported $88.7k to North Macedonia. The main products that Venezuela exported to North Macedonia were Acyclic Alcohols ($74k) and Machinery Having Individual Functions ($14.7k). Over the past 12 years the exports of Venezuela to North Macedonia have increased at an annualized rate of 64.2%,  from $1.02k in 2010 to $88.7k in 2022.

In 2022, Venezuela did not export any services to North Macedonia.

Comparison: In 2022,  North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $146k to Venezuela. The main products exported from North Macedonia to Venezuela were Chocolate ($131k) and Baked Goods ($15.2k). During the last 12 years the exports of North Macedonia to Venezuela have increased at an annualized rate of 7.67%, from $60.2k in 2010 to $146k in 2022.

In 2017, Venezuela exported $88.7k to North Macedonia. The main products exported from Venezuela to North Macedonia were Acyclic Alcohols ($74k) and Machinery Having Individual Functions ($14.7k). During the last 5 years the exports of Venezuela to North Macedonia have increased at an annualized rate of 64.2%, from $1.02k in 2022 to $88.7k in 2017.

Exports from North Macedonia (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to North Macedonia (Flag) (2022)

Latest Data

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

North Macedonia Exports

Date

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Venezuela
Top Destination
China$703M

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

In 2022, countries that imported more from North Macedonia than Venezuela included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Venezuela than North Macedonia included China ($703M), Turkey ($597M), and Brazil ($361M).

Difference in imports from Venezuela (Flag) and North Macedonia (Flag) (2022)

Comparative Advantage North Macedonia - Venezuela

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Venezuela in the exports of Foodstuffs ($146k).

During 2017, Venezuela had a large net trade with North Macedonia in the exports of Chemical Products ($74k) and Machines ($14.7k).

Economic Complexity

Competitive Landscape

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

Product Space of North Macedonia (Flag) and Venezuela (Flag) (2022)

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