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Exports In 2023, North Macedonia exported $180M in Pharmaceutical products, making it the 68th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 12th most exported product in North Macedonia. The main destination of Pharmaceutical products exports from North Macedonia are: Serbia ($42.9M), Russia ($41.1M), Slovenia ($34M), Bosnia and Herzegovina ($17.2M), and Ukraine ($5.76M).

The fastest growing export markets for Pharmaceutical products of North Macedonia between 2022 and 2023 were Russia ($12.8M), Serbia ($9.19M), and Slovenia ($8.44M).

Imports In 2023, North Macedonia imported $297M in Pharmaceutical products, becoming the 111th largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 10th most imported product in North Macedonia. North Macedonia imports Pharmaceutical products primarily from: Slovenia ($43.8M), Germany ($39.4M), United States ($21.1M), Switzerland ($20.4M), and France ($18.9M).

The fastest growing import markets in Pharmaceutical products for North Macedonia between 2022 and 2023 were United States ($10.9M), Switzerland ($6.09M), and Netherlands ($5.94M).

Latest Trends

Dec 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 Pharmaceutical products. 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

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EXPORTS (2023)$180M
IMPORTS (2023)$297M
NET TRADE (2023)-$117M

In 2023, North Macedonia exported $180M in Pharmaceutical products. The main destinations of North Macedonia exports on Pharmaceutical products were Serbia ($42.9M), Russia ($41.1M), Slovenia ($34M), Bosnia and Herzegovina ($17.2M), and Ukraine ($5.76M).

In 2023, North Macedonia imported $297M in Pharmaceutical products, mainly from Slovenia ($43.8M), Germany ($39.4M), United States ($21.1M), Switzerland ($20.4M), and France ($18.9M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Russia$12.8M (45.2%)
Serbia$9.19M (27.3%)
Slovenia$8.44M (33%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY North Macedonia WERE (2022 - 2023):
Albania-$551k (-13.2%)
Australia-$501k (-100%)
Romania-$238k (-12.3%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, North Macedonia's main exporting competitors in Pharmaceutical products were:
In 2023, North Macedonia's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALRussia+ $11.2M
TOP IMPORT POTENTIALGermany+ $20.9M

Pharmaceutical products’s highest export potential is Russia. With an export gap of $11.2M.   Pharmaceutical products’s highest import potential is Germany with an import gap of $20.9M.

See methodology.

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