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Pricing

2022
Flag → Flag
Exports $52.1MRnk 71 / 208
2022
Flag → Flag
Top Product $18MPlastic Coated Textile Fabric
2022
Flag → Flag
Exports $7.16MRnk 41 / 155
2022
Flag → Flag
Top Product $4.76MRaw Tobacco
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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 $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

Portugal-North Macedonia Trade: In 2022, Portugal exported $52.1M to North Macedonia. The main products that Portugal exported to North Macedonia were Plastic Coated Textile Fabric ($18M), Electric Generating Sets ($5.38M), and Other Engines ($4.27M). Over the past 5 years the exports of Portugal to North Macedonia have increased at an annualized rate of 17.1%, from $23.7M in 2017 to $52.1M in 2022.

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

North Macedonia-Portugal Trade: In 2022, North Macedonia exported $7.16M to Portugal. The main products that North Macedonia exported to Portugal were Raw Tobacco ($4.76M), Hot-Rolled Iron ($821k), and Machinery Having Individual Functions ($385k). Over the past 5 years the exports of North Macedonia to Portugal have decreased at an annualized rate of 7.45%,  from $10.5M in 2017 to $7.16M in 2022.

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

Comparison: In 2022,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €6.14M and imported €2.75M from North Macedonia, resulting in a positive trade balance of €3.38M. Between September 2023 and September 2024 the exports of Portugal have increased by €3.85M (168%) from €2.29M to €6.14M, while imports increased by €1.45M (111%) from €1.3M to €2.75M.

Trade In September 2024, the top exports of Portugal to North Macedonia were Coated, covered, & laminated fabrics for... (€992k), Paper articles (€98.9k), Electrical machinery and electronics (€75.3k), Preparations of vegetables, fruit, nuts or... (€29.6k), and Plastics & articles thereof (€22.4k). In September 2024 the top imports of Portugal from North Macedonia were Cars, tractors, trucks & parts thereof. (€23.1k), Iron/Steel Articles (€19k), Optical, photo, & film equipment; medical... (€710), Electrical machinery and electronics (€532), and Furniture, bedding, lamps, & prefab buildings (€96).

Growth In September 2024, the increase in Portugal's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Coated, covered, & laminated fabrics for... (€207k or 26.4%), Paper articles (€97.9k or 9.25k%), and Electrical machinery and electronics (€39.8k or 112%). In September 2024, the increase in Portugal's year-by-year imports  from North Macedonia was explained primarily by an increase in product imports  in Miscellaneous metal products (€6 or 30%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (September 2023 - September 2024)€3.85M(168%)
IMPORT GROWTH (September 2023 - September 2024)€1.45M(111%)

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

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

For full datasets download visit Bulk Download page.

Explore North Macedonia and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Portugal exported $52.1M to North Macedonia. The main products exported from Portugal to North Macedonia were Plastic Coated Textile Fabric ($18M), Electric Generating Sets ($5.38M), and Other Engines ($4.27M). During the last 5 years the exports of Portugal to North Macedonia have increased at an annualized rate of 17.1%, from $23.7M in 2017 to $52.1M in 2022.

In 2017, North Macedonia exported $7.16M to Portugal. The main products exported from North Macedonia to Portugal were Raw Tobacco ($4.76M), Hot-Rolled Iron ($821k), and Machinery Having Individual Functions ($385k). During the last 5 years the exports of North Macedonia to Portugal have decreased at an annualized rate of 7.45%, from $10.5M in 2022 to $7.16M in 2017.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$20.5B
North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Portugal than North Macedonia included Spain ($20.5B), France ($9.49B), and United States ($5.66B).

In 2022, countries that imported more from North Macedonia than Portugal included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

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

Comparative Advantage Portugal - North Macedonia

Flow
Scale

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

During 2022, Portugal had a large net trade with North Macedonia in the exports of Textiles ($24.3M), Machines ($16.7M), and Transportation ($2.33M).

During 2017, North Macedonia had a large net trade with Portugal in the exports of Foodstuffs ($4.89M), Metals ($988k), and Machines ($573k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Portugal North Macedonia+$1.72MCars
Top Product Potential North Macedonia Portugal+$1.16MHot-Rolled Iron

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

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

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