Russia (RUS) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Russia (RUS) and North Macedonia (MKD) Trade

2022

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Exports $386MRnk 66 / 138

2022

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About

Russia-North Macedonia Trade: In 2022, Russia exported $386M to North Macedonia. The main products that Russia exported to North Macedonia were Petroleum Gas ($294M), Semi-Finished Iron ($54.6M), and Refined Petroleum ($10.3M). Over the past 5 years the exports of Russia to North Macedonia have increased at an annualized rate of 24.8%, from $128M in 2017 to $386M in 2022.

In 2020, Russia exported services to North Macedonia worth $2.21M, with Other business services ($697k), Transportation ($543k), and Travel ($520k) being the largest in terms of value.

North Macedonia-Russia Trade: In 2022, North Macedonia exported $54.1M to Russia. The main products that North Macedonia exported to Russia were Packaged Medicaments ($28.3M), Apples and Pears ($5.47M), and Pitted Fruits ($5.2M). Over the past 5 years the exports of North Macedonia to Russia have decreased at an annualized rate of 9.94%, from $91.4M in 2017 to $54.1M in 2022.

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

Comparison: In 2022, Russia ranked 47 in the Economic Complexity Index (ECI 0.43), and 12 in total exports ($486B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $9.78M and imported $5.24M from North Macedonia, resulting in a positive trade balance of $4.54M. Between January 2021 and January 2022 the exports of Russia have increased by $8.19M (514%) from $1.59M to $9.78M, while imports decreased by $-1.64M (-23.8%) from $6.87M to $5.24M.

Trade In January 2022, the top exports of Russia to North Macedonia were Commodities not elsewhere specified ($1.42M), Raw Plastic Sheeting ($135k), Chemical Analysis Instruments ($15.7k), Packaged Medicaments ($10.8k), and Laboratory Reagents ($7.02k). In January 2022 the top imports of Russia from North Macedonia were Machinery Having Individual Functions ($2.33M), Apples and Pears ($1.68M), Packaged Medicaments ($456k), Electric Batteries ($355k), and Raw Tobacco ($265k).

Origins In January 2022 the exports of Russia were mainly from MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($8.95M), KURSK REGION ($287k), OREL REGION ($187k), STAVROPOL TERRITORY ($133k), and SMOLENSK REGION ($67.4k), while imports destinations were mainly MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($1.82M), MOSCOW REGION ($1.4M), KALININGRAD REGION ($851k), ST. PETERSBURG ($559k), and REPUBLIC OF TATARSTAN ($152k).

Growth In January 2022, the increase in Russia's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Packaged Medicaments ($10.8k or 40.9k%), Confectionery Sugar ($2.79k or 103%), and Other Edible Preparations ($594 or 131%). In January 2022, the decrease in Russia's year-by-year imports from North Macedonia was explained primarily by an decrease in product imports in Raw Tobacco ($-505k or -65.5%), Apples and Pears ($-476k or -22.1%), and Non-Knit Women's Suits ($-133k or -69.8%).

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

Depth

HS2

HS4

HS6

EXPORT GROWTH (January 2021 - January 2022)$8.19M(514%)

IMPORT GROWTH (January 2021 - January 2022)$-1.64M(-23.8%)

MAIN EXPORTER (January 2022)MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION$8.95M

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

To check North Macedonia and Russia 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, Russia exported $386M to North Macedonia. The main products exported from Russia to North Macedonia were Petroleum Gas ($294M), Semi-Finished Iron ($54.6M), and Refined Petroleum ($10.3M). During the last 5 years the exports of Russia to North Macedonia have increased at an annualized rate of 24.8%, from $128M in 2017 to $386M in 2022.

In 2017, North Macedonia exported $54.1M to Russia. The main products exported from North Macedonia to Russia were Packaged Medicaments ($28.3M), Apples and Pears ($5.47M), and Pitted Fruits ($5.2M). During the last 5 years the exports of North Macedonia to Russia have decreased at an annualized rate of 9.94%, from $91.4M in 2022 to $54.1M in 2017.

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

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

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Russia than North Macedonia included China ($101B), India ($40.4B), and Turkey ($25.3B).

In 2022, countries that imported more from North Macedonia than Russia included Albania ($115M), Montenegro ($40.3M), and Saudi Arabia ($13.4M).

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

Comparative Advantage Russia - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with North Macedonia in the exports of Mineral Products ($305M), Metals ($56.7M), and Chemical Products ($13M).

During 2017, North Macedonia had a large net trade with Russia in the exports of Chemical Products ($28.3M), Vegetable Products ($23.1M), and Foodstuffs ($1.15M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Russia North Macedonia+$24MRefined Petroleum

Top Product Potential North Macedonia Russia+$11.2MPackaged Medicaments

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

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

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