Source: OEC
In 2021, North Macedonia was the number 134 economy in the world in terms of GDP (current US$), the number 103 in total exports, the number 102 in total imports, the number 105 economy in terms of GDP per capita (current US$) and the number 54 most complex economy according to the Economic Complexity Index (ECI).
The top exports of North Macedonia are Reaction and Catalytic Products ($1.91B), Centrifuges ($907M), Insulated Wire ($653M), Ferroalloys ($290M), and Seats ($263M), exporting mostly to Germany ($3.85B), Serbia ($701M), Bulgaria ($405M), Greece ($289M), and Italy ($251M).
In 2021, North Macedonia exported a total of $8.62B, making it the number 103 exporter in the world. During the last five reported years the exports of North Macedonia have changed by $3.22B from $5.4B in 2016 to $8.62B in 2021.
Please note that the largest import code “Platinum” contains Platin and Rhodium, used together with ceramic products by one local company to manufacture catalytic converters which are exported. The raw material prices of these significant values have an influence on the trade statistics. Please also note that other large import groups are pre-products for automotive components which are used by several local companies to manufacture exported components and that account for about half of the exports.
The most recent exports are led by Reaction and Catalytic Products ($1.91B), Centrifuges ($907M), Insulated Wire ($653M), Ferroalloys ($290M), and Seats ($263M). The most common destination for the exports of North Macedonia are Germany ($3.85B), Serbia ($701M), Bulgaria ($405M), Greece ($289M), and Italy ($251M).
The top imports of North Macedonia are Platinum ($1.45B), Refined Petroleum ($1.21B), Precious Metal Compounds ($565M), Electricity ($433M), and Laboratory Ceramic Ware ($319M), importing mostly from United Kingdom ($2.05B), Greece ($1.84B), Germany ($1.2B), Serbia ($976M), and China ($631M).
In 2021, North Macedonia imported $12.5B, making it the number 102 trade destination in the world. During the last five reported years the imports of North Macedonia changed by $5.03B from $7.51B in 2016 to $12.5B in 2021.
The most recent imports of North Macedonia are led by Platinum ($1.45B), Refined Petroleum ($1.21B), Precious Metal Compounds ($565M), Electricity ($433M), and Laboratory Ceramic Ware ($319M). The most common import partners for North Macedonia are United Kingdom ($2.05B), Greece ($1.84B), Germany ($1.2B), Serbia ($976M), and China ($631M).
Belgian-Macedonian Business Club 