2022
Exports
$247MWorld Rnk 65 / 226
Flag Rnk 10 / 96
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$210MWorld Rnk 121 / 225
Flag Rnk 11 / 96
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $247M in Iron or steel articles, making it the 65th largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 10th most exported product in North Macedonia. The main destination of Iron or steel articles exports from North Macedonia are: Italy ($44M), Serbia ($38.2M), Germany ($29.3M), Czechia ($21.8M), and Greece ($13.2M).

The fastest growing export markets for Iron or steel articles of North Macedonia between 2021 and 2022 were Italy ($9.34M), Austria ($2.77M), and Hungary ($1.72M).

Imports In 2022, North Macedonia imported $210M in Iron or steel articles, becoming the 121st largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 11th most imported product in North Macedonia. North Macedonia imports Iron or steel articles primarily from: Turkey ($54.1M), Serbia ($22M), Italy ($17.7M), Germany ($13.8M), and China ($12.3M).

The fastest growing import markets in Iron or steel articles for North Macedonia between 2021 and 2022 were Turkey ($17.9M), Belgium ($7.35M), and Spain ($5.86M).

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 Iron or steel articles. 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)$247M
IMPORTS (2022)$210M
NET TRADE (2022)$37.3M

In 2022, North Macedonia exported $247M in Iron or steel articles. The main destinations of North Macedonia exports on Iron or steel articles were Italy ($44M), Serbia ($38.2M), Germany ($29.3M), Czechia ($21.8M), and Greece ($13.2M).

In 2022, North Macedonia imported $210M in Iron or steel articles, mainly from Turkey ($54.1M), Serbia ($22M), Italy ($17.7M), Germany ($13.8M), and China ($12.3M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Italy$9.34M (26.9%)
Austria$2.77M (151%)
Hungary$1.72M (39.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY North Macedonia WERE (2021 - 2022):
Serbia-$13.8M (-26.6%)
Bosnia and Herzegovina-$9.64M (-45.5%)
Germany-$6.45M (-18.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, North Macedonia's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, North Macedonia's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $14M
TOP IMPORT POTENTIALChina+ $13.4M

Iron or steel articles’s highest export potential is Germany. With an export gap of $14M.   Iron or steel articles’s highest import potential is China with an import gap of $13.4M.

See methodology.

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