2022
Flag  
GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
 GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
GDP PC 
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186
2022
Flag
GDP PC
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186

About

Slovakia-North Macedonia Trade: In 2022, Slovakia exported $108M to North Macedonia. The main products that Slovakia exported to North Macedonia were Broadcasting Equipment ($15.5M), Cars ($9.99M), and Machinery Having Individual Functions ($6.96M). Over the past 5 years the exports of Slovakia to North Macedonia have increased at an annualized rate of 9.62%, from $68M in 2017 to $108M in 2022.

In 2012, Slovakia exported services to North Macedonia worth $6.75M, with Services not allocated ($3.38M), Computer and information services ($1.25M), and Communications services ($711k) being the largest in terms of value.

North Macedonia-Slovakia Trade: In 2022, North Macedonia exported $162M to Slovakia. The main products that North Macedonia exported to Slovakia were Insulated Wire ($72.6M), Seats ($45.6M), and Electric Motors ($6.13M). Over the past 5 years the exports of North Macedonia to Slovakia have increased at an annualized rate of 41.2%,  from $28.9M in 2017 to $162M in 2022.

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

Comparison: In 2022,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B). 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
Value

In 2022, Slovakia exported $108M to North Macedonia. The main products exported from Slovakia to North Macedonia were Broadcasting Equipment ($15.5M), Cars ($9.99M), and Machinery Having Individual Functions ($6.96M). During the last 5 years the exports of Slovakia to North Macedonia have increased at an annualized rate of 9.62%, from $68M in 2017 to $108M in 2022.

In 2017, North Macedonia exported $162M to Slovakia. The main products exported from North Macedonia to Slovakia were Insulated Wire ($72.6M), Seats ($45.6M), and Electric Motors ($6.13M). During the last 5 years the exports of North Macedonia to Slovakia have increased at an annualized rate of 41.2%, from $28.9M in 2022 to $162M in 2017.

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

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

Market Competitiveness

Color
Slovakia
Top Destination
Germany$22.2B
North Macedonia
Top Destination
Germany$3.96B

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

In 2022, countries that imported more from Slovakia than North Macedonia included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

In 2022, countries that imported more from North Macedonia than Slovakia included Greece ($683M), Serbia ($800M), and Albania ($115M).

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

Comparative Advantage Slovakia - North Macedonia

Flow
Scale

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

During 2022, Slovakia had a large net trade with North Macedonia in the exports of Machines ($50.7M), Transportation ($18M), and Plastics and Rubbers ($10.1M).

During 2017, North Macedonia had a large net trade with Slovakia in the exports of Machines ($81.7M), Miscellaneous ($46.1M), and Metals ($11.4M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovakia North Macedonia+$7.48MCars
Top Product Potential North Macedonia Slovakia+$3.08MMotor vehicles; parts and accessories (8701 to 8705)

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

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

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