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Exports In 2023, North Macedonia exported $229k in Olive Oil, making it the 27th largest exporter of Olive Oil in the world. At the same year, Olive Oil was the 470th most exported product in North Macedonia. The main destination of Olive Oil exports from North Macedonia are: Serbia ($137k), Montenegro ($54.4k), and Bosnia and Herzegovina ($38.2k).

The fastest growing export markets for Olive Oil of North Macedonia between 2022 and 2023 were Serbia ($115k), Montenegro ($54.4k), and Bosnia and Herzegovina ($4.67k).

Imports In 2023, North Macedonia imported $1.87M in Olive Oil, becoming the 43rd largest importer of Olive Oil in the world. At the same year, Olive Oil was the 503rd most imported product in North Macedonia. North Macedonia imports Olive Oil primarily from: Greece ($1.1M), Spain ($476k), Italy ($273k), Albania ($22.9k), and Serbia ($58).

The fastest growing import markets in Olive Oil for North Macedonia between 2022 and 2023 were Greece ($401k), Spain ($129k), and Albania ($22.9k).

Latest Trends

Jan 2025

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 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 (2023)$229k
IMPORTS (2023)$1.87M
NET TRADE (2023)-$1.64M

In 2023, North Macedonia exported $229k in Olive Oil. The main destinations of North Macedonia exports on Olive Oil were Serbia ($137k), Montenegro ($54.4k), and Bosnia and Herzegovina ($38.2k).

In 2023, North Macedonia imported $1.87M in Olive Oil, mainly from Greece ($1.1M), Spain ($476k), Italy ($273k), Albania ($22.9k), and Serbia ($58).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Olive Oil EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Serbia$115k (533%)
Montenegro$54.4k (1%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, North Macedonia's main exporting competitors in Olive Oil were:
Spain $320M
Italy $114M
In 2023, 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.

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