2023
Exports
$33.3MWorld Rnk 68 / 223
Flag Rnk 46 / 1032
2023
PRODUCT COMPLEXITY IN Electrical Transformers
0.68Rnk 293 / 1025
2023
Imports
$60.8MWorld Rnk 98 / 225
Flag Rnk 42 / 1141

About

Exports In 2023, North Macedonia exported $33.3M in Electrical Transformers, making it the 68th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 46th most exported product in North Macedonia. The main destination of Electrical Transformers exports from North Macedonia are: Germany ($13.7M), Hungary ($8.05M), Czechia ($2.86M), Serbia ($2.48M), and Bosnia and Herzegovina ($1.37M).

The fastest growing export markets for Electrical Transformers of North Macedonia between 2022 and 2023 were Hungary ($7.12M), Germany ($5.3M), and Czechia ($1.36M).

Imports In 2023, North Macedonia imported $60.8M in Electrical Transformers, becoming the 98th largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 42nd most imported product in North Macedonia. North Macedonia imports Electrical Transformers primarily from: N/A.

The fastest growing import markets in Electrical Transformers for North Macedonia between 2022 and 2023 were China ($4.39M), Croatia ($4.1M), and Bulgaria ($2.08M).

Latest Trends

Jan 2025

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electrical Transformers. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$33.3M
IMPORTS (2023)$60.8M
NET TRADE (2023)-$27.5M

In 2023, North Macedonia exported $33.3M in Electrical Transformers. The main destinations of North Macedonia exports on Electrical Transformers were Germany ($13.7M), Hungary ($8.05M), Czechia ($2.86M), Serbia ($2.48M), and Bosnia and Herzegovina ($1.37M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Hungary$7.12M (769%)
Germany$5.3M (63.3%)
Czechia$1.36M (90.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY North Macedonia WERE (2022 - 2023):
Spain-$7.87M (-85.6%)
Ireland-$361k (-99.9%)
Albania-$228k (-68.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, North Macedonia's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, North Macedonia's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $5.44M
TOP IMPORT POTENTIALChina+ $8.43M

Electrical Transformers’s highest export potential is Germany. With an export gap of $5.44M.   Electrical Transformers’s highest import potential is China with an import gap of $8.43M.

See methodology.

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