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Exports In 2023, North Macedonia exported $11.3M in Seed Oils, making it the 48th largest exporter of Seed Oils in the world. At the same year, Seed Oils was the 89th most exported product in North Macedonia. The main destination of Seed Oils exports from North Macedonia are: Albania ($4.25M), Serbia ($4.1M), Greece ($1.92M), Bulgaria ($763k), and Croatia ($96.3k).

The fastest growing export markets for Seed Oils of North Macedonia between 2022 and 2023 were Bulgaria ($104k), Croatia ($96.3k), and Cyprus ($40.9k).

Imports In 2023, North Macedonia imported $40.6M in Seed Oils, becoming the 61st largest importer of Seed Oils in the world. At the same year, Seed Oils was the 61st most imported product in North Macedonia. North Macedonia imports Seed Oils primarily from: Serbia ($21.2M), Bulgaria ($10.1M), Ukraine ($8.89M), Hungary ($136k), and Albania ($105k).

The fastest growing import markets in Seed Oils for North Macedonia between 2022 and 2023 were Croatia ($34.6k), Greece ($26.8k), and Albania ($21.3k).

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 Seed Oils. 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)$11.3M
IMPORTS (2023)$40.6M
NET TRADE (2023)-$29.3M

In 2023, North Macedonia exported $11.3M in Seed Oils. The main destinations of North Macedonia exports on Seed Oils were Albania ($4.25M), Serbia ($4.1M), Greece ($1.92M), Bulgaria ($763k), and Croatia ($96.3k).

In 2023, North Macedonia imported $40.6M in Seed Oils, mainly from Serbia ($21.2M), Bulgaria ($10.1M), Ukraine ($8.89M), Hungary ($136k), and Albania ($105k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Seed Oils EXPORT MARKETS FOR North Macedonia WERE (2022 - 2023):
Bulgaria$104k (15.8%)
Croatia$96.3k (1%)
Cyprus$40.9k (51.8k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Seed Oils BY North Macedonia WERE (2022 - 2023):
Serbia-$4.53M (-52.5%)
Albania-$2.88M (-40.4%)
Montenegro-$1.88M (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, North Macedonia's main exporting competitors in Seed Oils were:
Ukraine $5.26B
Russia $3.51B
Turkey $1.38B
In 2023, North Macedonia's main importing competitors in Seed Oils were:
India $2.43B
China $1.62B
Turkey $1.47B

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Trade Value of Seed Oils by Exporters

Potential Exports

Potential Exports

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TOP EXPORT POTENTIALBulgaria+ $829k
TOP IMPORT POTENTIALBulgaria+ $2.49M

Seed Oils’s highest export potential is Bulgaria. With an export gap of $829k.   Seed Oils’s highest import potential is Bulgaria with an import gap of $2.49M.

See methodology.

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