2022
Exports
$135MWorld Rnk 66 / 217
Flag Rnk 12 / 1022
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$191MWorld Rnk 110 / 224
Flag Rnk 10 / 1137
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $135M in Packaged Medicaments, making it the 66th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 12th most exported product in North Macedonia. The main destination of Packaged Medicaments exports from North Macedonia are: Serbia ($35.9M), Russia ($28.3M), Slovenia ($26.6M), Bosnia and Herzegovina ($14.3M), and Ukraine ($4.97M).

The fastest growing export markets for Packaged Medicaments of North Macedonia between 2021 and 2022 were Russia ($9.09M), Slovenia ($6.43M), and Poland ($1.24M).

Imports In 2022, North Macedonia imported $191M in Packaged Medicaments, becoming the 110th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most imported product in North Macedonia. North Macedonia imports Packaged Medicaments primarily from: Slovenia ($48.2M), Germany ($22.6M), Denmark ($14.3M), Serbia ($14.3M), and Italy ($10.9M).

The fastest growing import markets in Packaged Medicaments for North Macedonia between 2021 and 2022 were Slovenia ($3.97M), Belgium ($1.38M), and Switzerland ($971k).

Latest Trends

Oct 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 Packaged Medicaments. 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)$135M
IMPORTS (2022)$191M
NET TRADE (2022)-$56.3M

In 2022, North Macedonia exported $135M in Packaged Medicaments. The main destinations of North Macedonia exports on Packaged Medicaments were Serbia ($35.9M), Russia ($28.3M), Slovenia ($26.6M), Bosnia and Herzegovina ($14.3M), and Ukraine ($4.97M).

In 2022, North Macedonia imported $191M in Packaged Medicaments, mainly from Slovenia ($48.2M), Germany ($22.6M), Denmark ($14.3M), Serbia ($14.3M), and Italy ($10.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Russia$9.09M (47.3%)
Slovenia$6.43M (31.8%)
Poland$1.24M (97.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY North Macedonia WERE (2021 - 2022):
Serbia-$6.69M (-15.7%)
Croatia-$4.03M (-91.7%)
Ukraine-$1.94M (-28.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, North Macedonia's main exporting competitors in Packaged Medicaments were:
In 2022, North Macedonia's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALRussia+ $11.2M
TOP IMPORT POTENTIALGermany+ $14.7M

Packaged Medicaments’s highest export potential is Russia. With an export gap of $11.2M.   Packaged Medicaments’s highest import potential is Germany with an import gap of $14.7M.

See methodology.

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