2022
Exports
$725MWorld Rnk 61 / 223
Flag Rnk 3 / 96
2022
PRODUCT COMPLEXITY IN Iron & steel
1.68Rnk 28 / 1025
2022
Imports
$611MWorld Rnk 85 / 225
Flag Rnk 6 / 96
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $725M in Iron & steel, making it the 61st largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 3rd most exported product in North Macedonia. The main destination of Iron & steel exports from North Macedonia are: Serbia ($93.3M), Greece ($85.9M), Turkey ($82.6M), Italy ($72.9M), and Bulgaria ($50.8M).

The fastest growing export markets for Iron & steel of North Macedonia between 2021 and 2022 were Turkey ($37.8M), Spain ($26.1M), and Italy ($24.8M).

Imports In 2022, North Macedonia imported $611M in Iron & steel, becoming the 85th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 6th most imported product in North Macedonia. North Macedonia imports Iron & steel primarily from: Greece ($108M), Turkey ($78.4M), Romania ($67.6M), Bulgaria ($63.1M), and Serbia ($62.7M).

The fastest growing import markets in Iron & steel for North Macedonia between 2021 and 2022 were Turkey ($49.6M), Russia ($33.7M), and China ($33.1M).

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 & steel. 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)$725M
IMPORTS (2022)$611M
NET TRADE (2022)$114M

In 2022, North Macedonia exported $725M in Iron & steel. The main destinations of North Macedonia exports on Iron & steel were Serbia ($93.3M), Greece ($85.9M), Turkey ($82.6M), Italy ($72.9M), and Bulgaria ($50.8M).

In 2022, North Macedonia imported $611M in Iron & steel, mainly from Greece ($108M), Turkey ($78.4M), Romania ($67.6M), Bulgaria ($63.1M), and Serbia ($62.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Turkey$37.8M (84.6%)
Spain$26.1M (3.86k%)
Italy$24.8M (51.4%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY North Macedonia WERE (2021 - 2022):
China-$129M (-93.2%)
Finland-$43.5M (-69.6%)
Serbia-$14.6M (-13.6%)

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 & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, North Macedonia's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALItaly+ $22.8M
TOP IMPORT POTENTIALChina+ $13M

Iron & steel’s highest export potential is Italy. With an export gap of $22.8M.   Iron & steel’s highest import potential is China with an import gap of $13M.

See methodology.

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