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Pricing

2022
Flag → Flag
Exports $3.52kRnk 145 / 155
2022
Flag → Flag
Top Product $2.12kElectrical Capacitors
2022
Flag → Flag
Exports $2.42MRnk 123 / 194
2022
Flag → Flag
Top Product $795kTea
2022
Flag
Economic Complexity (ECI) ECI 0.25Rnk 52 / 133
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC $6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

North Macedonia-Sri Lanka Trade: In 2022, North Macedonia exported $3.52k to Sri Lanka. The main products that North Macedonia exported to Sri Lanka were Electrical Capacitors ($2.12k), Broadcasting Accessories ($770), and Interchangeable Tool Parts ($320). Over the past 6 years the exports of North Macedonia to Sri Lanka have decreased at an annualized rate of 45.8%, from $140k in 2016 to $3.52k in 2022.

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

Sri Lanka-North Macedonia Trade: In 2022, Sri Lanka exported $2.42M to North Macedonia. The main products that Sri Lanka exported to North Macedonia were Tea ($795k), Other Women's Undergarments ($228k), and Knit Women's Undergarments ($153k). Over the past 6 years the exports of Sri Lanka to North Macedonia have increased at an annualized rate of 7.54%,  from $1.69M in 2016 to $2.42M in 2022.

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

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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $3.52k to Sri Lanka. The main products exported from North Macedonia to Sri Lanka were Electrical Capacitors ($2.12k), Broadcasting Accessories ($770), and Interchangeable Tool Parts ($320). During the last 6 years the exports of North Macedonia to Sri Lanka have decreased at an annualized rate of 45.8%, from $140k in 2016 to $3.52k in 2022.

In 2017, Sri Lanka exported $2.42M to North Macedonia. The main products exported from Sri Lanka to North Macedonia were Tea ($795k), Other Women's Undergarments ($228k), and Knit Women's Undergarments ($153k). During the last 5 years the exports of Sri Lanka to North Macedonia have increased at an annualized rate of 7.54%, from $1.69M in 2022 to $2.42M in 2017.

Exports from North Macedonia (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to North Macedonia (Flag) (2022)

Latest Data

Trade between North Macedonia (Flag) and Sri Lanka (Flag)

North Macedonia Exports

Sri Lanka Exports

Date

Market Competitiveness

Color
North Macedonia
Top DestinationGermany$3.96B
Sri Lanka
Top DestinationUnited States$3.52B

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

In 2022, countries that imported more from North Macedonia than Sri Lanka included Germany ($3.96B), Serbia ($800M), and Greece ($683M).

In 2022, countries that imported more from Sri Lanka than North Macedonia included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

Difference in imports from Sri Lanka (Flag) and North Macedonia (Flag) (2022)

Comparative Advantage North Macedonia - Sri Lanka

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Sri Lanka in the exports of Machines ($3.17k), Metals ($320), and Vegetable Products ($28).

During 2017, Sri Lanka had a large net trade with North Macedonia in the exports of Textiles ($1.15M), Vegetable Products ($996k), and Plastics and Rubbers ($109k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Sri Lanka+$3.33kRefined Petroleum
Top Product Potential Sri Lanka North Macedonia+$174kKnit T-shirts

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

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

Product Space of North Macedonia (Flag) and Sri Lanka (Flag) (2022)

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