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Pricing

2022
Flag → Flag
Exports $5.73MRnk 120 / 209
2022
Flag → Flag
Top Product $1.92MNon-fillet Fresh Fish
2022
Flag → Flag
Exports $13.9MRnk 35 / 155
2022
Flag → Flag
Top Product $1.52MPrinted Circuit Boards
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
 GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC $106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

Norway-North Macedonia Trade: In 2022, Norway exported $5.73M to North Macedonia. The main products that Norway exported to North Macedonia were Non-fillet Fresh Fish ($1.92M), Artificial Graphite ($782k), and Cars ($407k). Over the past 5 years the exports of Norway to North Macedonia have increased at an annualized rate of 4.13%, from $4.68M in 2017 to $5.73M in 2022.

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

North Macedonia-Norway Trade: In 2022, North Macedonia exported $13.9M to Norway. The main products that North Macedonia exported to Norway were Printed Circuit Boards ($1.52M), Non-Knit Men's Shirts ($1.39M), and Non-Knit Women's Suits ($1.08M). Over the past 5 years the exports of North Macedonia to Norway have increased at an annualized rate of 7.88%,  from $9.49M in 2017 to $13.9M in 2022.

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

Comparison: In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK2.38M and imported NOK15.6M from North Macedonia, resulting in a negative trade balance of NOK13.3M. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-1.67M (-41.2%) from NOK4.04M to NOK2.38M, while imports increased by NOK3.69M (30.9%) from NOK11.9M to NOK15.6M.

Trade In October 2024, the top exports of Norway to North Macedonia were Road vehicles (including air-cushion vehicles) (NOK1.53M), Live animals other than animals of... (NOK0), Meat and meat preparations (NOK0), Dairy products and birds' eggs (NOK0), and Fish (not marine mammals), crustaceans, molluscs... (NOK0). In October 2024 the top imports of Norway from North Macedonia were Articles of apparel and clothing accessories (NOK4.25M), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2.21M), Telecommunications and sound-recording and reproducing apparatus... (NOK786k), Vegetables and fruit (NOK528k), and Dairy products and birds' eggs (NOK497k).

Growth In October 2024, the decrease in Norway's year-by-year exports to North Macedonia was explained primarily by an decrease in product exports in Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-21k or -100%). In October 2024, the increase in Norway's year-by-year imports  from North Macedonia was explained primarily by an increase in product imports  in Articles of apparel and clothing accessories (NOK1.3M or 43.8%), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK1.07M or 94.2%), and Telecommunications and sound-recording and reproducing apparatus... (NOK759k or 2.81k%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-1.67M(-41.2%)
IMPORT GROWTH (October 2023 - October 2024)NOK3.69M(30.9%)

This section shows exports and imports data at subnational level for Norway. Click any date in the line plot or any product to explore the exports or imports behavior of Norway over time.

To check North Macedonia and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore North Macedonia and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $5.73M to North Macedonia. The main products exported from Norway to North Macedonia were Non-fillet Fresh Fish ($1.92M), Artificial Graphite ($782k), and Cars ($407k). During the last 5 years the exports of Norway to North Macedonia have increased at an annualized rate of 4.13%, from $4.68M in 2017 to $5.73M in 2022.

In 2017, North Macedonia exported $13.9M to Norway. The main products exported from North Macedonia to Norway were Printed Circuit Boards ($1.52M), Non-Knit Men's Shirts ($1.39M), and Non-Knit Women's Suits ($1.08M). During the last 5 years the exports of North Macedonia to Norway have increased at an annualized rate of 7.88%, from $9.49M in 2022 to $13.9M in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Norway than North Macedonia included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2022, countries that imported more from North Macedonia than Norway included Serbia ($800M), Bulgaria ($443M), and Hungary ($277M).

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

Comparative Advantage Norway - North Macedonia

Flow
Scale

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

During 2022, Norway had a large net trade with North Macedonia in the exports of Animal Products ($2.05M), Chemical Products ($1.15M), and Machines ($544k).

During 2017, North Macedonia had a large net trade with Norway in the exports of Textiles ($5.19M), Machines ($3.38M), and Foodstuffs ($1.65M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Norway North Macedonia+$444kNon-fillet Fresh Fish
Top Product Potential North Macedonia Norway+$1.01MSeats

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 Norway and North Macedonia. This means that a dot/product with the flag of Norway 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 Norway.

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

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