2022
Exports
$553MWorld Rnk 38 / 98
Flag Rnk 3 / 1022
2022
PRODUCT COMPLEXITY IN Electricity
-0.67Rnk 750 / 1025
2022
Imports
$779MWorld Rnk 33 / 128
Flag Rnk 3 / 1137
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $553M in Electricity, making it the 38th largest exporter of Electricity in the world. At the same year, Electricity was the 3rd most exported product in North Macedonia. The main destination of Electricity exports from North Macedonia are: Greece ($428M), Serbia ($73M), Luxembourg ($23.2M), Switzerland ($9.37M), and Slovenia ($6.67M).

The fastest growing export markets for Electricity of North Macedonia between 2021 and 2022 were Greece ($407M), Serbia ($54.2M), and Luxembourg ($20.9M).

Imports In 2022, North Macedonia imported $779M in Electricity, becoming the 33rd largest importer of Electricity in the world. At the same year, Electricity was the 3rd most imported product in North Macedonia. North Macedonia imports Electricity primarily from: Greece ($259M), Bulgaria ($214M), Serbia ($154M), Luxembourg ($53.1M), and Switzerland ($47.9M).

The fastest growing import markets in Electricity for North Macedonia between 2021 and 2022 were Greece ($180M), Bulgaria ($88.6M), and Serbia ($81.6M).

Historical Data

Trade Balance

Color
EXPORTS (2022)$553M
IMPORTS (2022)$779M
NET TRADE (2022)-$225M

In 2022, North Macedonia exported $553M in Electricity. The main destinations of North Macedonia exports on Electricity were Greece ($428M), Serbia ($73M), Luxembourg ($23.2M), Switzerland ($9.37M), and Slovenia ($6.67M).

In 2022, North Macedonia imported $779M in Electricity, mainly from Greece ($259M), Bulgaria ($214M), Serbia ($154M), Luxembourg ($53.1M), and Switzerland ($47.9M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Greece$407M (1.94k%)
Serbia$54.2M (288%)
Luxembourg$20.9M (939%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY North Macedonia WERE (2021 - 2022):
Czechia-$27.6M (-100%)
Bulgaria-$435k (-11.1%)
Romania-$423k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

View
Flow
Type
In 2022, North Macedonia's main exporting competitors in Electricity were:
In 2022, North Macedonia's main importing competitors in Electricity were:
France $14.6B
Germany $12.9B
Italy $11.9B

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALSwitzerland+ $7.68M
TOP IMPORT POTENTIALAlbania+ $3.4M

Electricity’s highest export potential is Switzerland. With an export gap of $7.68M.   Electricity’s highest import potential is Albania with an import gap of $3.4M.

See methodology.

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