Venezuela (VEN) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Venezuela-North Macedonia Trade: In 2022, Venezuela exported $88.7k to North Macedonia. The main products that Venezuela exported to North Macedonia were Acyclic Alcohols ($74k) and Machinery Having Individual Functions ($14.7k). Over the past 5 years the exports of Venezuela to North Macedonia have increased at an annualized rate of 144%, from $1.02k in 2017 to $88.7k in 2022.

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

North Macedonia-Venezuela In N/A, North Macedonia did not export any products to Venezuela.

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

Comparison: In 2022, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Venezuela exported $88.7k to North Macedonia. The main products exported from Venezuela to North Macedonia were Acyclic Alcohols ($74k) and Machinery Having Individual Functions ($14.7k). During the last 5 years the exports of Venezuela to North Macedonia have increased at an annualized rate of 144%, from $1.02k in 2017 to $88.7k in 2022.

North Macedonia does not register exports to Venezuela. The main products exported from North Macedonia to Venezuela were Chocolate ($131k) and Baked Goods ($15.2k).

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

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

Latest Data

Trade between Venezuela () and North Macedonia ()

North Macedonia Exports

Date

Jul 2019

Jan 2019

Oct 2016

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationChina$703M

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Venezuela than North Macedonia included China ($703M), Turkey ($597M), and Brazil ($361M).

In 2022, countries that imported more from North Macedonia than Venezuela included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

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

Comparative Advantage Venezuela - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Venezuela had a large net trade with North Macedonia in the exports of Chemical Products ($74k) and Machines ($14.7k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Venezuela and North Macedonia. This means that a dot/product with the flag of Venezuela 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 Venezuela.

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Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Venezuela () and North Macedonia ()

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage Venezuela - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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