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Exports In 2022, North Macedonia exported $55.1k in Olive Oil, making it the 42nd largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 640th most exported product in North Macedonia. The main destination of Olive Oil exports from North Macedonia are: Bosnia and Herzegovina ($33.5k) and Serbia ($21.6k).

The fastest growing export markets for Olive Oil of North Macedonia between 2021 and 2022 were Bosnia and Herzegovina ($22.9k).

Imports In 2022, North Macedonia imported $1.79M in Olive Oil, becoming the 47th largest importer of Olive Oil in the world. At the same year, Olive Oil was the 504th most imported product in North Macedonia. North Macedonia imports Olive Oil primarily from: Italy ($731k), Greece ($715k), and Spain ($340k).

The fastest growing import markets in Olive Oil for North Macedonia between 2021 and 2022 were Spain ($166k) and Italy ($137k).

Latest Trends

Oct 2024

Subnational Monthly Trade

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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 Olive Oil. 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)$55.1k
IMPORTS (2022)$1.79M
NET TRADE (2022)-$1.73M

In 2022, North Macedonia exported $55.1k in Olive Oil. The main destinations of North Macedonia exports on Olive Oil were Bosnia and Herzegovina ($33.5k) and Serbia ($21.6k).

In 2022, North Macedonia imported $1.79M in Olive Oil, mainly from Italy ($731k), Greece ($715k), and Spain ($340k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):Bosnia and Herzegovina$22.9k (216%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Olive Oil BY North Macedonia WERE (2021 - 2022):Serbia-$23.6k (-52.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, North Macedonia's main exporting competitors in Olive Oil were:
Spain $322M
Italy $115M
Greece $69.6M
In 2022, North Macedonia's main importing competitors in Olive Oil were:

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Trade Value of Olive Oil by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALItaly+ $818
TOP IMPORT POTENTIALSpain+ $43.7k

Olive Oil’s highest export potential is Italy. With an export gap of $818.   Olive Oil’s highest import potential is Spain with an import gap of $43.7k.

See methodology.

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