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2023
Flag → Flag
Exports $58.6MRnk 69 / 211
2023
Flag → Flag
Top Product $25.5MPlastic Coated Textile Fabric
2023
Flag → Flag
Exports $5.42MRnk 49 / 160
2023
Flag → Flag
Top Product $2.09MRaw Tobacco
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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 $27,331CURRENT US$
Rnk 50 / 195
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195
2023
Flag
GDP PC$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195

About

Portugal-North Macedonia Trade: In 2023, Portugal exported $58.6M to North Macedonia. The main products that Portugal exported to North Macedonia were Plastic Coated Textile Fabric ($25.5M), Other Synthetic Fabrics ($3.63M), and Electrical Power Accessories ($2.92M). Over the past 5 years the exports of Portugal to North Macedonia have increased at an annualized rate of 9.09%, from $37.9M in 2018 to $58.6M in 2023.

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

North Macedonia-Portugal Trade: In 2023, North Macedonia exported $5.42M to Portugal. The main products that North Macedonia exported to Portugal were Raw Tobacco ($2.09M), Low-voltage Protection Equipment ($1.47M), and Plastic Coated Textile Fabric ($435k). Over the past 5 years the exports of North Macedonia to Portugal have decreased at an annualized rate of 6.18%,  from $9.02M in 2018 to $5.42M in 2023.

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

Comparison In 2023,  Portugal ranked 42 in the Economic Complexity Index (ECI 0.57),  and 46 in total exports ($83B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Portugal exported €1.89M and imported €131k from North Macedonia, resulting in a positive trade balance of €1.75M. Between December 2023 and December 2024 the exports of Portugal have decreased by €-198k (-9.5%) from €2.08M to €1.89M, while imports decreased by €-168k (-56.3%) from €299k to €131k.

Trade In December 2024, the top exports of Portugal to North Macedonia were Coated, covered, & laminated fabrics for... (€1.1M), Electrical machinery and electronics (€319k), Plastics & articles thereof (€315k), Pharmaceutical products (€66.7k), and Paper articles (€45.2k). In December 2024 the top imports of Portugal from North Macedonia were Tobacco & substitutes (€734k), Electrical machinery and electronics (€292k), Cars, tractors, trucks & parts thereof. (€68k), Coated, covered, & laminated fabrics for... (€62.3k), and Machinery, mechanical appliances, & parts (€960).

Growth In December 2024, the decrease in Portugal's year-by-year exports to North Macedonia was explained primarily by an decrease in product exports in Paper articles (€-53.8k or -54.4%), Man-made filaments (€-22.1k or -100%), and Preparations of vegetables, fruit, nuts or... (€-16.3k or -55.1%). In December 2024, the decrease in Portugal's year-by-year imports  from North Macedonia was explained primarily by an decrease in product imports  in Iron/Steel Articles (€-19k or -100%), Optical, photo, & film equipment; medical... (€-710 or -100%), and Furniture, bedding, lamps, & prefab buildings (€-34 or -35.4%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)€-198k(-9.5%)
IMPORT GROWTH (December 2023 - December 2024)€-168k(-56.3%)

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 2023, Portugal exported $58.6M to North Macedonia. The main products exported from Portugal to North Macedonia were Plastic Coated Textile Fabric ($25.5M), Other Synthetic Fabrics ($3.63M), and Electrical Power Accessories ($2.92M). During the last 5 years the exports of Portugal to North Macedonia have increased at an annualized rate of 9.09%, from $37.9M in 2018 to $58.6M in 2023.

In 2018, North Macedonia exported $5.42M to Portugal. The main products exported from North Macedonia to Portugal were Raw Tobacco ($2.09M), Low-voltage Protection Equipment ($1.47M), and Plastic Coated Textile Fabric ($435k). During the last 5 years the exports of North Macedonia to Portugal have decreased at an annualized rate of 6.18%, from $9.02M in 2023 to $5.42M in 2018.

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

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

Market Competitiveness

Color
Portugal
Top DestinationSpain$17.7B
North Macedonia
Top DestinationGermany$4B

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 2023, countries that imported more from Portugal than North Macedonia included Spain ($17.7B), France ($9.19B), and United States ($6.41B).

In 2023, countries that imported more from North Macedonia than Portugal included Serbia ($827M), Bulgaria ($566M), and Greece ($542M).

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

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 2023, Portugal had a large net trade with North Macedonia in the exports of Textiles ($35.2M), Machines ($9.43M), and Plastics and Rubbers ($3.07M).

During 2018, North Macedonia had a large net trade with Portugal in the exports of Foodstuffs ($2.26M), Machines ($1.86M), and Textiles ($471k).

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) (2023)

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