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Exports In 2023, North Macedonia exported $176M in Packaged Medicaments, making it the 62nd largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 10th most exported product in North Macedonia. The main destination of Packaged Medicaments exports from North Macedonia are: Serbia ($41.7M), Russia ($41.1M), Slovenia ($34M), Bosnia and Herzegovina ($17.2M), and Ukraine ($5.76M).

The fastest growing export markets for Packaged Medicaments of North Macedonia between 2022 and 2023 were Russia ($12.8M), Serbia ($8.95M), and Slovenia ($8.39M).

Imports In 2023, North Macedonia imported $216M in Packaged Medicaments, becoming the 105th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 9th most imported product in North Macedonia. North Macedonia imports Packaged Medicaments primarily from: Slovenia ($39.3M), Germany ($25.7M), United States ($18.3M), France ($15.6M), and Italy ($13.7M).

The fastest growing import markets in Packaged Medicaments for North Macedonia between 2022 and 2023 were United States ($9.98M), United Kingdom ($3.6M), and Spain ($3.38M).

Latest Trends

Jan 2025

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 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 (2023)$176M
IMPORTS (2023)$216M
NET TRADE (2023)-$39.6M

In 2023, North Macedonia exported $176M in Packaged Medicaments. The main destinations of North Macedonia exports on Packaged Medicaments were Serbia ($41.7M), Russia ($41.1M), Slovenia ($34M), Bosnia and Herzegovina ($17.2M), and Ukraine ($5.76M).

In 2023, North Macedonia imported $216M in Packaged Medicaments, mainly from Slovenia ($39.3M), Germany ($25.7M), United States ($18.3M), France ($15.6M), and Italy ($13.7M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Russia$12.8M (45.2%)
Serbia$8.95M (27.3%)
Slovenia$8.39M (32.8%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY North Macedonia WERE (2022 - 2023):
Albania-$596k (-19.6%)
Australia-$501k (-100%)
Georgia-$370k (-50.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, North Macedonia's main exporting competitors in Packaged Medicaments were:
In 2023, 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

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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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