North Macedonia (MKD) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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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 89.2%, 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 89.2%, from $1.02k in 2022 to $88.7k in 2017.

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

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

Latest Data

Trade between North Macedonia () and Venezuela ()

North Macedonia Exports

Date

Jul 2019

Jan 2019

Oct 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Venezuela
Top DestinationChina$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 () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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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 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.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Venezuela ()

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Venezuela

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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