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2022
Flag → Flag
Exports $43.6MRnk 96 / 217
2022
Flag → Flag
Top Product $13.2MBroadcasting Equipment
2022
Flag → Flag
Exports $53.4MRnk 27 / 155
2022
Flag → Flag
Top Product $11.4MBuses
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag  
GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
Flag
 GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
Flag
GDP PC$6,591CURRENT US$
Rnk 100 / 186
2012-2022
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GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186

About

Sweden-North Macedonia Trade: In 2022, Sweden exported $43.6M to North Macedonia. The main products that Sweden exported to North Macedonia were Broadcasting Equipment ($13.2M), Insulated Wire ($4.78M), and Tractors ($1.46M). Over the past 5 years the exports of Sweden to North Macedonia have increased at an annualized rate of 10.5%, from $26.5M in 2017 to $43.6M in 2022.

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 2022, North Macedonia exported $53.4M to Sweden. The main products that North Macedonia exported to Sweden were Buses ($11.4M), Ferroalloys ($9.19M), and Other Footwear ($5.49M). Over the past 5 years the exports of North Macedonia to Sweden have increased at an annualized rate of 24.1%,  from $18.1M in 2017 to $53.4M in 2022.

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

Comparison: In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Latest Trends

July, 2024

About

Overview In July 2024, Sweden exported SEK20.3M and imported SEK39.7M from North Macedonia, resulting in a negative trade balance of SEK19.4M. Between July 2023 and July 2024 the exports of Sweden have increased by SEK2M (10.9%) from SEK18.3M to SEK20.3M, while imports increased by SEK5.37M (15.6%) from SEK34.3M to SEK39.7M.

Trade In July 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 July 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 July 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 July 2024, the increase in Sweden's year-by-year imports  from North Macedonia was explained primarily by an increase in product imports  in Non-Knit Men's Shirts (SEK3.15M or 431%), Other Footwear (SEK1.82M or 107%), and Insulated Wire (SEK966k or 71.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)SEK2M(10.9%)
IMPORT GROWTH (July 2023 - July 2024)SEK5.37M(15.6%)

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 2022, Sweden exported $43.6M to North Macedonia. The main products exported from Sweden to North Macedonia were Broadcasting Equipment ($13.2M), Insulated Wire ($4.78M), and Tractors ($1.46M). During the last 5 years the exports of Sweden to North Macedonia have increased at an annualized rate of 10.5%, from $26.5M in 2017 to $43.6M in 2022.

In 2017, North Macedonia exported $53.4M to Sweden. The main products exported from North Macedonia to Sweden were Buses ($11.4M), Ferroalloys ($9.19M), and Other Footwear ($5.49M). During the last 5 years the exports of North Macedonia to Sweden have increased at an annualized rate of 24.1%, from $18.1M in 2022 to $53.4M in 2017.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$19.2B
North Macedonia
Top DestinationGermany$3.96B

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 2022, countries that imported more from Sweden than North Macedonia included Norway ($18.7B), United States ($17.8B), and Germany ($19.2B).

In 2022, countries that imported more from North Macedonia than Sweden included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

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

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 2022, Sweden had a large net trade with North Macedonia in the exports of Machines ($29.7M), Transportation ($4.47M), and Plastics and Rubbers ($2.24M).

During 2017, North Macedonia had a large net trade with Sweden in the exports of Transportation ($12.5M), Metals ($9.86M), and Foodstuffs ($8.61M).

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) (2022)

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