2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC 
$6,591CURRENT US$
Rnk 100 / 186
2012-2022
Flag
GDP PC GROWTH
39.4%CURRENT US$
Rnk 50 / 186
2022
Flag
GDP PC
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186

About

North Macedonia-Saudi Arabia Trade: In 2022, North Macedonia exported $13.4M to Saudi Arabia. The main products that North Macedonia exported to Saudi Arabia were Laboratory Ceramic Ware ($6.81M), Liquid Pumps ($3.07M), and Electric Batteries ($850k). Over the past 5 years the exports of North Macedonia to Saudi Arabia have increased at an annualized rate of 33.3%, from $3.18M in 2017 to $13.4M in 2022.

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

Saudi Arabia-North Macedonia Trade: In 2022, Saudi Arabia exported $37.9M to North Macedonia. The main products that Saudi Arabia exported to North Macedonia were Ethylene Polymers ($20.2M), Refined Petroleum ($11M), and Propylene Polymers ($3.28M). Over the past 5 years the exports of Saudi Arabia to North Macedonia have increased at an annualized rate of 40.1%,  from $7.03M in 2017 to $37.9M in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 35 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $13.4M to Saudi Arabia. The main products exported from North Macedonia to Saudi Arabia were Laboratory Ceramic Ware ($6.81M), Liquid Pumps ($3.07M), and Electric Batteries ($850k). During the last 5 years the exports of North Macedonia to Saudi Arabia have increased at an annualized rate of 33.3%, from $3.18M in 2017 to $13.4M in 2022.

In 2017, Saudi Arabia exported $37.9M to North Macedonia. The main products exported from Saudi Arabia to North Macedonia were Ethylene Polymers ($20.2M), Refined Petroleum ($11M), and Propylene Polymers ($3.28M). During the last 5 years the exports of Saudi Arabia to North Macedonia have increased at an annualized rate of 40.1%, from $7.03M in 2022 to $37.9M in 2017.

Exports from North Macedonia (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to North Macedonia (Flag) (2022)

Latest Data

Trade between North Macedonia (Flag) and Saudi Arabia (Flag)

North Macedonia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Saudi Arabia
Top Destination
China$68B

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

In 2022, countries that imported more from North Macedonia than Saudi Arabia included Germany ($3.96B), Serbia ($800M), and Bulgaria ($443M).

In 2022, countries that imported more from Saudi Arabia than North Macedonia included China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and North Macedonia (Flag) (2022)

Comparative Advantage North Macedonia - Saudi Arabia

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Saudi Arabia in the exports of Stone And Glass ($6.84M), Machines ($4.54M), and Metals ($561k).

During 2017, Saudi Arabia had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($26.6M), Mineral Products ($11M), and Stone And Glass ($190k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Saudi Arabia+$1.23MElectric Batteries
Top Product Potential Saudi Arabia North Macedonia+$15MRefined Petroleum

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 Saudi Arabia. This means that a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Saudi Arabia. Similarly, a dot/product with the flag of Saudi Arabia indicates it has a comparative advantage over North Macedonia.

Product Space of North Macedonia (Flag) and Saudi Arabia (Flag) (2022)

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