2022
Exports
$263kWorld Rnk 118 / 196
Flag Rnk 448 / 1022
2022
PRODUCT COMPLEXITY IN Essential Oils
-1.09Rnk 855 / 1025
2022
Imports
$569kWorld Rnk 124 / 214
Flag Rnk 712 / 1137
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $263k in Essential Oils, making it the 118th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 448th most exported product in North Macedonia. The main destination of Essential Oils exports from North Macedonia are: Croatia ($122k), France ($115k), Serbia ($12.5k), Romania ($8.7k), and Bosnia and Herzegovina ($2.41k).

The fastest growing export markets for Essential Oils of North Macedonia between 2021 and 2022 were Croatia ($41.7k), Romania ($8.7k), and Serbia ($4.11k).

Imports In 2022, North Macedonia imported $569k in Essential Oils, becoming the 124th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 712th most imported product in North Macedonia. North Macedonia imports Essential Oils primarily from: Italy ($114k), Serbia ($97.6k), India ($81.2k), Switzerland ($39.6k), and China ($38.7k).

The fastest growing import markets in Essential Oils for North Macedonia between 2021 and 2022 were China ($30.3k), Belgium ($27.1k), and India ($26.7k).

Latest Trends

Jul 2024

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 Essential Oils. 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 (2022)$263k
IMPORTS (2022)$569k
NET TRADE (2022)-$306k

In 2022, North Macedonia exported $263k in Essential Oils. The main destinations of North Macedonia exports on Essential Oils were Croatia ($122k), France ($115k), Serbia ($12.5k), Romania ($8.7k), and Bosnia and Herzegovina ($2.41k).

In 2022, North Macedonia imported $569k in Essential Oils, mainly from Italy ($114k), Serbia ($97.6k), India ($81.2k), Switzerland ($39.6k), and China ($38.7k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Croatia$41.7k (51.9%)
Romania$8.7k (1%)
Serbia$4.11k (48.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY North Macedonia WERE (2021 - 2022):
Netherlands-$109k (-100%)
France-$81.1k (-41.3%)
China-$4.7k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, North Macedonia's main exporting competitors in Essential Oils were:
In 2022, North Macedonia's main importing competitors in Essential Oils were:

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALFrance+ $71.4k
TOP IMPORT POTENTIALIndia+ $87.7k

Essential Oils’s highest export potential is France. With an export gap of $71.4k.   Essential Oils’s highest import potential is India with an import gap of $87.7k.

See methodology.

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