North Macedonia (MKD) and Austria (AUT) Trade | The Observatory of Economic Complexity

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North Macedonia-Austria Trade: In 2022, North Macedonia exported $93.6M to Austria. The main products that North Macedonia exported to Austria were Insulated Wire ($32.9M), Non-Knit Men's Suits ($19.1M), and House Linens ($4.23M). Over the past 5 years the exports of North Macedonia to Austria have increased at an annualized rate of 12.8%, from $51.3M in 2017 to $93.6M in 2022.

In 2022, North Macedonia did not export any services to Austria.

Austria-North Macedonia Trade: In 2022, Austria exported $171M to North Macedonia. The main products that Austria exported to North Macedonia were Bovine Meat ($9.32M), Electric Motors ($5.8M), and Raw Lead ($5.75M). Over the past 5 years the exports of Austria to North Macedonia have increased at an annualized rate of 6.12%, from $127M in 2017 to $171M in 2022.

In 2011, Austria exported services to North Macedonia worth $8.8B, with Insurance services ($8.44B), Construction services ($344M), and Transportation ($9.74M) being the largest in terms of value.

Comparison: In 2022, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B). That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.5), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, North Macedonia exported $93.6M to Austria. The main products exported from North Macedonia to Austria were Insulated Wire ($32.9M), Non-Knit Men's Suits ($19.1M), and House Linens ($4.23M). During the last 5 years the exports of North Macedonia to Austria have increased at an annualized rate of 12.8%, from $51.3M in 2017 to $93.6M in 2022.

In 2017, Austria exported $171M to North Macedonia. The main products exported from Austria to North Macedonia were Bovine Meat ($9.32M), Electric Motors ($5.8M), and Raw Lead ($5.75M). During the last 5 years the exports of Austria to North Macedonia have increased at an annualized rate of 6.12%, from $127M in 2022 to $171M in 2017.

Exports from North Macedonia () to Austria () (2022)

Exports from Austria () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Austria ()

North Macedonia Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

North Macedonia
Top DestinationGermany$3.96B

Austria
Top DestinationGermany$57.7B

This map shows whether countries import more from North Macedonia or Austria. Each country is colored based on the difference in imports they receive from North Macedonia and Austria or the difference in the growth in imports.

In 2022, countries that imported more from North Macedonia than Austria included Albania ($115M) and Equatorial Guinea ($105k).

In 2022, countries that imported more from Austria than North Macedonia included Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

Difference in imports from Austria () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between North Macedonia and Austria by product, considering products traded by both, North Macedonia and Austria.

During 2022, North Macedonia had a large net trade with Austria in the exports of Machines ($37.8M), Textiles ($29.8M), and Foodstuffs ($7.01M).

During 2017, Austria had a large net trade with North Macedonia in the exports of Machines ($45.4M), Textiles ($16.5M), and Metals ($14.7M).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential North Macedonia Austria+$8.92MInsulated Wire

Top Product Potential Austria North Macedonia+$3.64MPackaged Medicaments

We estimate the export potential of an economy for each product and destination using an extension of the bilateral relatedness model of Jun et al. (2019).This extended gravity model considers similarities among products and geographies and explains more than 50% of the variance in future trade flows.

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of North Macedonia and Austria. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Austria. Similarly, a dot/product with the flag of Austria indicates it has a comparative advantage over North Macedonia.

About

Historical Data

Bilateral Trade by Products

Exports from North Macedonia () to Austria () (2022)

Exports from Austria () to North Macedonia () (2022)

Latest Data

Trade between North Macedonia () and Austria ()

North Macedonia Exports

Austria Exports

Market Competitiveness

Difference in imports from Austria () and North Macedonia () (2022)

Comparative Advantage North Macedonia - Austria

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of North Macedonia () and Austria () (2022)

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