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2023
Flag → Flag
Exports $49.5MRnk 93 / 216
2023
Flag → Flag
Top Product $6.21MTractors
2023
Flag → Flag
Exports $39.3MRnk 29 / 160
2023
Flag → Flag
Top Product $6.37MChocolate
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 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 $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH53.3%CURRENT US$
Rnk 42 / 195

About

Sweden-North Macedonia Trade: In 2023, Sweden exported $49.5M to North Macedonia. The main products that Sweden exported to North Macedonia were Tractors ($6.21M), Cars ($3.96M), and Delivery Trucks ($3.22M). Over the past 5 years the exports of Sweden to North Macedonia have increased at an annualized rate of 9.54%, from $31.4M in 2018 to $49.5M in 2023.

In 2009, Sweden exported services to North Macedonia worth $29.6M, with Services not allocated ($14.7M), Other business services ($8.68M), and Computer and information services ($5.83M) being the largest in terms of value.

North Macedonia-Sweden Trade: In 2023, North Macedonia exported $39.3M to Sweden. The main products that North Macedonia exported to Sweden were Chocolate ($6.37M), Insulated Wire ($5.37M), and Non-Knit Men's Shirts ($5.26M). Over the past 5 years the exports of North Macedonia to Sweden have increased at an annualized rate of 8.72%,  from $25.9M in 2018 to $39.3M in 2023.

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

Comparison In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53),  and 32 in total exports ($188B). That same year, North Macedonia ranked 104 in total exports ($10.1B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK15.2M and imported SEK34.1M from North Macedonia, resulting in a negative trade balance of SEK18.9M. Between October 2023 and October 2024 the exports of Sweden have increased by SEK2.73M (22%) from SEK12.4M to SEK15.2M, while imports decreased by SEK-9.14M (-21.2%) from SEK43.2M to SEK34.1M.

Trade In October 2024, the top exports of Sweden to North Macedonia were Telephones (SEK3.18M), Washing and Bottling Machines (SEK2.44M), Insulated Wire (SEK2.18M), Stone Processing Machines (SEK874k), and Locomotive Parts (SEK585k). In October 2024 the top imports of Sweden from North Macedonia were Non-Knit Men's Shirts (SEK3.89M), Other Footwear (SEK3.51M), Insulated Wire (SEK2.32M), Chocolate (SEK1.99M), and Lifting Machinery (SEK1.14M).

Growth In October 2024, the increase in Sweden's year-by-year exports to North Macedonia was explained primarily by an increase in product exports in Stone Processing Machines (SEK873k or 87.3k%), Blank Audio Media (SEK399k or 481%), and Locomotive Parts (SEK369k or 171%). In October 2024, the decrease in Sweden's year-by-year imports  from North Macedonia was explained primarily by an decrease in product imports  in Pickled Foods (SEK-430k or -74%), Wheelchairs (SEK-403k or -54.2%), and Flavored Water (SEK-317k or -65.4%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK2.73M(22%)
IMPORT GROWTH (October 2023 - October 2024)SEK-9.14M(-21.2%)

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

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

For full datasets download visit Bulk Download page.

Explore North Macedonia and Sweden Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $49.5M to North Macedonia. The main products exported from Sweden to North Macedonia were Tractors ($6.21M), Cars ($3.96M), and Delivery Trucks ($3.22M). During the last 5 years the exports of Sweden to North Macedonia have increased at an annualized rate of 9.54%, from $31.4M in 2018 to $49.5M in 2023.

In 2018, North Macedonia exported $39.3M to Sweden. The main products exported from North Macedonia to Sweden were Chocolate ($6.37M), Insulated Wire ($5.37M), and Non-Knit Men's Shirts ($5.26M). During the last 5 years the exports of North Macedonia to Sweden have increased at an annualized rate of 8.72%, from $25.9M in 2023 to $39.3M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
North Macedonia
Top DestinationGermany$4B

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

In 2023, countries that imported more from Sweden than North Macedonia included United States ($18.1B), Germany ($18.4B), and Denmark ($14.4B).

In 2023, countries that imported more from North Macedonia than Sweden included Serbia ($827M), Bulgaria ($566M), and Albania ($150M).

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

Comparative Advantage Sweden - North Macedonia

Flow
Scale

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

During 2023, Sweden had a large net trade with North Macedonia in the exports of Machines ($19.9M), Transportation ($15.4M), and Plastics and Rubbers ($2.79M).

During 2018, North Macedonia had a large net trade with Sweden in the exports of Foodstuffs ($12M), Machines ($9.82M), and Textiles ($6.01M).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential Sweden North Macedonia+$2.34MCars
Top Product Potential North Macedonia Sweden+$3.84MInsulated Wire

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

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

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