North Macedonia (MKD) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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North Macedonia-Vietnam Trade: In 2023, North Macedonia exported $887k to Vietnam. The main products that North Macedonia exported to Vietnam were Packaged Medicaments ($571k), Iron Structures ($275k), and Leather of Other Animals ($32.7k). Over the past 5 years the exports of North Macedonia to Vietnam have increased at an annualized rate of 10.4%, from $540k in 2018 to $887k in 2023.

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

Vietnam-North Macedonia Trade: In 2023, Vietnam exported $62.5M to North Macedonia. The main products that Vietnam exported to North Macedonia were Broadcasting Equipment ($27M), Textile Footwear ($3.92M), and Coconuts, Brazil Nuts, and Cashews ($3.09M). Over the past 5 years the exports of Vietnam to North Macedonia have decreased at an annualized rate of 0.33%, from $63.5M in 2018 to $62.5M in 2023.

In 2023, Vietnam 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, Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067), and 15 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, North Macedonia exported $887k to Vietnam. The main products exported from North Macedonia to Vietnam were Packaged Medicaments ($571k), Iron Structures ($275k), and Leather of Other Animals ($32.7k). During the last 5 years the exports of North Macedonia to Vietnam have increased at an annualized rate of 10.4%, from $540k in 2018 to $887k in 2023.

In 2018, Vietnam exported $62.5M to North Macedonia. The main products exported from Vietnam to North Macedonia were Broadcasting Equipment ($27M), Textile Footwear ($3.92M), and Coconuts, Brazil Nuts, and Cashews ($3.09M). During the last 5 years the exports of Vietnam to North Macedonia have decreased at an annualized rate of 0.33%, from $63.5M in 2023 to $62.5M in 2018.

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

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

Latest Data

Trade between North Macedonia () and Vietnam ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$4B

Vietnam
Top DestinationUnited States$118B

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

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

In 2023, countries that imported more from Vietnam than North Macedonia included United States ($118B), China ($85.7B), and Japan ($25.1B).

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

Comparative Advantage North Macedonia - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, North Macedonia had a large net trade with Vietnam in the exports of Chemical Products ($571k), Metals ($275k), and Animal Hides ($32.7k).

During 2018, Vietnam had a large net trade with North Macedonia in the exports of Machines ($34.6M), Footwear and Headwear ($9.81M), and Textiles ($5.88M).

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 Vietnam+$1.23MPackaged Medicaments

Top Product Potential Vietnam North Macedonia+$12.5MTelephones

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between North Macedonia () and Vietnam ()

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage North Macedonia - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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