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Pricing

2023
Flag → Flag
Exports $232kRnk 129 / 159
2023
Flag → Flag
Top Product $168kOther Oily Seeds
2023
Flag → Flag
Exports $3.44MRnk 54 / 160
2023
Flag → Flag
Top Product $2.02MSynthetic Monofilament
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195

About

Nigeria-North Macedonia Trade: In 2023, Nigeria exported $232k to North Macedonia. The main products that Nigeria exported to North Macedonia were Other Oily Seeds ($168k), Perfume Plants ($41.8k), and Spices ($9.82k). Over the past 5 years the exports of Nigeria to North Macedonia have increased at an annualized rate of 21.3%, from $88.7k in 2018 to $232k in 2023.

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

North Macedonia-Nigeria Trade: In 2023, North Macedonia exported $3.44M to Nigeria. The main products that North Macedonia exported to Nigeria were Synthetic Monofilament ($2.02M), Machinery Having Individual Functions ($1.27M), and Wine ($90.7k). Over the past 5 years the exports of North Macedonia to Nigeria have increased at an annualized rate of 22.1%,  from $1.26M in 2018 to $3.44M in 2023.

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

Comparison In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75),  and 52 in total exports ($61B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $232k to North Macedonia. The main products exported from Nigeria to North Macedonia were Other Oily Seeds ($168k), Perfume Plants ($41.8k), and Spices ($9.82k). During the last 5 years the exports of Nigeria to North Macedonia have increased at an annualized rate of 21.3%, from $88.7k in 2018 to $232k in 2023.

In 2018, North Macedonia exported $3.44M to Nigeria. The main products exported from North Macedonia to Nigeria were Synthetic Monofilament ($2.02M), Machinery Having Individual Functions ($1.27M), and Wine ($90.7k). During the last 5 years the exports of North Macedonia to Nigeria have increased at an annualized rate of 22.1%, from $1.26M in 2023 to $3.44M in 2018.

Exports from Nigeria (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to Nigeria (Flag) (2023)

Latest Data

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

North Macedonia Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from Nigeria than North Macedonia included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

In 2023, countries that imported more from North Macedonia than Nigeria included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

Difference in imports from North Macedonia (Flag) and Nigeria (Flag) (2023)

Comparative Advantage Nigeria - North Macedonia

Flow
Scale

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

During 2023, Nigeria had a large net trade with North Macedonia in the exports of Vegetable Products ($220k), Plastics and Rubbers ($7.66k), and Textiles ($4.43k).

During 2018, North Macedonia had a large net trade with Nigeria in the exports of Textiles ($2.04M), Machines ($1.27M), and Foodstuffs ($90.7k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Nigeria North Macedonia+$108kOther Oily Seeds
Top Product Potential North Macedonia Nigeria+$97.8kWine

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

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

Product Space of Nigeria (Flag) and North Macedonia (Flag) (2023)

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