2023
Flag  
GDP
$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH
44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
 GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
GDP PC 
$32,610CURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP PC GROWTH
40.3%CURRENT US$
Rnk 61 / 195
2023
Flag
GDP PC
$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195

About

Slovenia-North Macedonia Trade: In 2023, Slovenia exported $203M to North Macedonia. The main products that Slovenia exported to North Macedonia were Packaged Medicaments ($39.3M), Electric Batteries ($18.7M), and Raw Lead ($8.63M). Over the past 5 years the exports of Slovenia to North Macedonia have increased at an annualized rate of 1.52%, from $188M in 2018 to $203M in 2023.

In 2009, Slovenia exported services to North Macedonia worth $83.9M, with Services not allocated ($41.7M), Other business services ($13.1M), and Travel ($9.15M) being the largest in terms of value.

North Macedonia-Slovenia Trade: In 2023, North Macedonia exported $162M to Slovenia. The main products that North Macedonia exported to Slovenia were Electric Batteries ($42.7M), Packaged Medicaments ($34M), and Motor vehicles; parts and accessories (8701 to 8705) ($17.6M). Over the past 5 years the exports of North Macedonia to Slovenia have increased at an annualized rate of 6.02%,  from $121M in 2018 to $162M in 2023.

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

Comparison In 2023,  Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48),  and 53 in total exports ($60.8B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovenia exported $203M to North Macedonia. The main products exported from Slovenia to North Macedonia were Packaged Medicaments ($39.3M), Electric Batteries ($18.7M), and Raw Lead ($8.63M). During the last 5 years the exports of Slovenia to North Macedonia have increased at an annualized rate of 1.52%, from $188M in 2018 to $203M in 2023.

In 2018, North Macedonia exported $162M to Slovenia. The main products exported from North Macedonia to Slovenia were Electric Batteries ($42.7M), Packaged Medicaments ($34M), and Motor vehicles; parts and accessories (8701 to 8705) ($17.6M). During the last 5 years the exports of North Macedonia to Slovenia have increased at an annualized rate of 6.02%, from $121M in 2023 to $162M in 2018.

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

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

Latest Data

Trade between Slovenia (Flag) and North Macedonia (Flag)

Slovenia Exports

North Macedonia Exports

Market Competitiveness

Color
Slovenia
Top Destination
Switzerland$13.5B
North Macedonia
Top Destination
Germany$4B

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

In 2023, countries that imported more from Slovenia than North Macedonia included Switzerland ($13.5B), Italy ($6.23B), and Croatia ($4.85B).

In 2023, countries that imported more from North Macedonia than Slovenia included Greece ($542M), Albania ($150M), and Bulgaria ($566M).

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

Comparative Advantage Slovenia - North Macedonia

Flow
Scale

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

During 2023, Slovenia had a large net trade with North Macedonia in the exports of Chemical Products ($58.3M), Machines ($44M), and Metals ($20.8M).

During 2018, North Macedonia had a large net trade with Slovenia in the exports of Machines ($52.6M), Chemical Products ($34.9M), and Transportation ($19.1M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Slovenia North Macedonia+$2.66MCars
Top Product Potential North Macedonia Slovenia+$3.04MElectricity

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

Product Space of Slovenia (Flag) and North Macedonia (Flag) (2023)

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