Nepal (NPL) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Nepal-North Macedonia Trade: In 2022, Nepal exported $5.51k to North Macedonia. The main products that Nepal exported to North Macedonia were Knotted Carpets ($5.32k) and Knives ($190). Over the past 8 years the exports of Nepal to North Macedonia have increased at an annualized rate of 61%, from $122 in 2014 to $5.51k in 2022.

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

North Macedonia-Nepal Trade: In 2022, North Macedonia exported $5.25k to Nepal. The main products that North Macedonia exported to Nepal were Therapeutic Appliances ($2.68k), Traffic Signals ($2.4k), and Electrical Control Boards ($132). Over the past 8 years the exports of North Macedonia to Nepal have decreased at an annualized rate of 23.9%, from $20.5k in 2014 to $5.25k in 2022.

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

Comparison In 2022, Nepal ranked 153 in total exports ($1.43B), and does not have data regarding Economic Complexity Index. That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Nepal exported $5.51k to North Macedonia. The main products exported from Nepal to North Macedonia were Knotted Carpets ($5.32k) and Knives ($190). During the last 8 years the exports of Nepal to North Macedonia have increased at an annualized rate of 61%, from $122 in 2014 to $5.51k in 2022.

In 2017, North Macedonia exported $5.25k to Nepal. The main products exported from North Macedonia to Nepal were Therapeutic Appliances ($2.68k), Traffic Signals ($2.4k), and Electrical Control Boards ($132). During the last 5 years the exports of North Macedonia to Nepal have decreased at an annualized rate of 23.9%, from $20.5k in 2022 to $5.25k in 2017.

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

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

Latest Data

Trade between Nepal () and North Macedonia ()

North Macedonia Exports

Date

Nov 2019

Apr 2015

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Nepal than North Macedonia included India ($956M), Singapore ($25.5M), and Central African Republic ($8.88M).

In 2022, countries that imported more from North Macedonia than Nepal included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

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

Comparative Advantage Nepal - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with North Macedonia in the exports of Textiles ($5.32k) and Metals ($190).

During 2017, North Macedonia had a large net trade with Nepal in the exports of Instruments ($2.68k), Machines ($2.53k), and Textiles ($44).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Nepal North Macedonia+$5.94kKnotted Carpets

Top Product Potential North Macedonia Nepal+$4.17kTherapeutic Appliances

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Nepal () and North Macedonia ()

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage Nepal - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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