Norway (NOR) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

About

Norway-North Macedonia In 2022, Norway exported $5.73M to North Macedonia. The main products that Norway exported to North Macedonia are Non-fillet Fresh Fish ($1.92M), Artificial Graphite ($782k), and Cars ($407k). During the last 27 years the exports of Norway to North Macedonia have increased at an annualized rate of 5.44%, from $1.37M in 1995 to $5.73M in 2022.

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

North Macedonia-Norway 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). During the last 27 years the exports of North Macedonia to Norway have increased at an annualized rate of 12.1%, from $632k in 1995 to $13.9M in 2022.

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

Comparison In 2022, Norway ranked 41 in the Economic Complexity Index (ECI 0.58), and 28 in total exports ($285B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.16), and 105 in total exports ($9.52B).

Latest Trends

February, 2024

About

Overview In February 2024, Norway exported NOK3.11M and imported NOK12.5M from North Macedonia, resulting in a negative trade balance of NOK9.35M. Between February 2023 and February 2024 the exports of Norway have increased by NOK1.66M (114%) from NOK1.45M to NOK3.11M, while imports increased by NOK1.28M (11.5%) from NOK11.2M to NOK12.5M.

Trade In February 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 February 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 February 2024, the increase in Norway's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Road vehicles (including air-cushion vehicles) (NOK1.34M or 675%). In February 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

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (February 2023 - February 2024)NOK1.66M(114%)

IMPORT GROWTH (February 2023 - February 2024)NOK1.28M(11.5%)

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.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 27 years the exports of Norway to North Macedonia have increased at an annualized rate of 5.44%, from $1.37M in 1995 to $5.73M in 2022.

In 2022, 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 27 years the exports of North Macedonia to Norway have increased at an annualized rate of 12.1%, from $632k in 1995 to $13.9M in 2022.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Norway than North Macedonia were Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

In 2021, countries that imported more from North Macedonia than Norway were Serbia ($800M), Bulgaria ($443M), and Hungary ($277M).

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

Comparative Advantage Norway - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, North Macedonia had a large net trade with Norway in the exports of Textiles ($5.19M), Machines ($3.38M), and Foodstuffs ($1.65M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Norway has comparative advantage over North Macedonia. Similarly, the more yellow a dot/product is, the more North Macedonia has comparative advantage over Norway.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

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

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

Market Competitiveness

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

Comparative Advantage Norway - North Macedonia

Economic Complexity

Competitive Landscape

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

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