Uruguay (URY) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Uruguay-North Macedonia Trade: In 2022, Uruguay exported $17.2M to North Macedonia. The main products that Uruguay exported to North Macedonia were Other Leather Articles ($9.72M), Seats ($7.19M), and Non-fillet Frozen Fish ($130k). Over the past 5 years the exports of Uruguay to North Macedonia have increased at an annualized rate of 9.17%, from $11.1M in 2017 to $17.2M in 2022.

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

North Macedonia-Uruguay Trade: In 2022, North Macedonia exported $366k to Uruguay. The main products that North Macedonia exported to Uruguay were Raw Tobacco ($137k), Other Printed Material ($119k), and Photographic Paper ($77k). Over the past 5 years the exports of North Macedonia to Uruguay have decreased at an annualized rate of 42.9%, from $6.01M in 2017 to $366k in 2022.

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

Comparison: In 2022, Uruguay ranked 57 in the Economic Complexity Index (ECI 0.15), and 98 in total exports ($12B). That same year, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Uruguay exported $17.2M to North Macedonia. The main products exported from Uruguay to North Macedonia were Other Leather Articles ($9.72M), Seats ($7.19M), and Non-fillet Frozen Fish ($130k). During the last 5 years the exports of Uruguay to North Macedonia have increased at an annualized rate of 9.17%, from $11.1M in 2017 to $17.2M in 2022.

In 2017, North Macedonia exported $366k to Uruguay. The main products exported from North Macedonia to Uruguay were Raw Tobacco ($137k), Other Printed Material ($119k), and Photographic Paper ($77k). During the last 5 years the exports of North Macedonia to Uruguay have decreased at an annualized rate of 42.9%, from $6.01M in 2022 to $366k in 2017.

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

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

Latest Data

Trade between Uruguay () and North Macedonia ()

Uruguay Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.89B

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Uruguay than North Macedonia included China ($2.89B), Brazil ($1.69B), and Argentina ($999M).

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

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

Comparative Advantage Uruguay - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Uruguay had a large net trade with North Macedonia in the exports of Animal Hides ($9.77M), Miscellaneous ($7.19M), and Animal Products ($148k).

During 2017, North Macedonia had a large net trade with Uruguay in the exports of Foodstuffs ($137k), Paper Goods ($119k), and Chemical Products ($84.2k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Uruguay North Macedonia+$51.6kLeather of Other Animals

Top Product Potential North Macedonia Uruguay+$72.1kRaw Tobacco

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Uruguay () and North Macedonia ()

Uruguay Exports

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage Uruguay - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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