2022
Exports
$7.49kWorld Rnk 108 / 167
Flag Rnk 826 / 1022
2022
Imports
$73kWorld Rnk 134 / 213
Flag Rnk 944 / 1137
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $7.49k in Hats, making it the 108th largest exporter of Hats in the world. At the same year, Hats was the 826th most exported product in North Macedonia. The main destination of Hats exports from North Macedonia are: Serbia ($2.81k), China ($1.28k), Bulgaria ($1.16k), Bosnia and Herzegovina ($764), and Italy ($459).

The fastest growing export markets for Hats of North Macedonia between 2021 and 2022 were Serbia ($2.39k), China ($1.28k), and Bulgaria ($1.16k).

Imports In 2022, North Macedonia imported $73k in Hats, becoming the 134th largest importer of Hats in the world. At the same year, Hats was the 944th most imported product in North Macedonia. North Macedonia imports Hats primarily from: China ($46.7k), Turkey ($14.3k), Poland ($5.07k), Spain ($2.01k), and Italy ($1.83k).

The fastest growing import markets in Hats for North Macedonia between 2021 and 2022 were China ($19.7k), Turkey ($6.95k), and Poland ($4.12k).

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 Hats. 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)$7.49k
IMPORTS (2022)$73k
NET TRADE (2022)-$65.5k

In 2022, North Macedonia exported $7.49k in Hats. The main destinations of North Macedonia exports on Hats were Serbia ($2.81k), China ($1.28k), Bulgaria ($1.16k), Bosnia and Herzegovina ($764), and Italy ($459).

In 2022, North Macedonia imported $73k in Hats, mainly from China ($46.7k), Turkey ($14.3k), Poland ($5.07k), Spain ($2.01k), and Italy ($1.83k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Hats EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Serbia$2.39k (575%)
China$1.28k (1%)
Bulgaria$1.16k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hats BY North Macedonia WERE (2021 - 2022):
Italy-$13.3k (-96.7%)
Croatia-$1.2k (-100%)
Albania-$604 (-93.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, North Macedonia's main exporting competitors in Hats were:
China $298M
Italy $24.4M
In 2022, North Macedonia's main importing competitors in Hats were:

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Trade Value of Hats by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $1.95k
TOP IMPORT POTENTIALChina+ $20.3k

Hats’s highest export potential is Italy. With an export gap of $1.95k.   Hats’s highest import potential is China with an import gap of $20.3k.

See methodology.

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