2022
Flag  
GDP
$13.6BCURRENT US$
Rnk 135 / 186
2012-2022
Flag
GDP GROWTH
39.2%CURRENT US$
Rnk 84 / 186
2022
Flag
 GDP
$19.5BCURRENT US$
Rnk 117 / 186
2012-2022
Flag
GDP GROWTH
83.7%CURRENT US$
Rnk 25 / 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
$7,014CURRENT US$
Rnk 91 / 186
2012-2022
Flag
GDP PC GROWTH
92.5%CURRENT US$
Rnk 10 / 186

About

North Macedonia-Armenia Trade: In 2022, North Macedonia exported $1.55M to Armenia. The main products that North Macedonia exported to Armenia were Packaged Medicaments ($942k), Motor vehicles; parts and accessories (8701 to 8705) ($241k), and Non-Knit Women's Suits ($59.4k). Over the past 5 years the exports of North Macedonia to Armenia have increased at an annualized rate of 28.7%, from $438k in 2017 to $1.55M in 2022.

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

Armenia-North Macedonia Trade: In 2022, Armenia exported $58.1k to North Macedonia. The main products that Armenia exported to North Macedonia were Plastic Pipes ($44.7k), Chocolate ($6.13k), and Vending Machines ($3.51k). Over the past 5 years the exports of Armenia to North Macedonia have increased at an annualized rate of 580%,  from $4 in 2017 to $58.1k in 2022.

In 2022, Armenia 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, Armenia ranked 66 in the Economic Complexity Index (ECI 0.00081), and 122 in total exports ($5.78B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, North Macedonia exported $1.55M to Armenia. The main products exported from North Macedonia to Armenia were Packaged Medicaments ($942k), Motor vehicles; parts and accessories (8701 to 8705) ($241k), and Non-Knit Women's Suits ($59.4k). During the last 5 years the exports of North Macedonia to Armenia have increased at an annualized rate of 28.7%, from $438k in 2017 to $1.55M in 2022.

In 2017, Armenia exported $58.1k to North Macedonia. The main products exported from Armenia to North Macedonia were Plastic Pipes ($44.7k), Chocolate ($6.13k), and Vending Machines ($3.51k). During the last 5 years the exports of Armenia to North Macedonia have increased at an annualized rate of 580%, from $4 in 2022 to $58.1k in 2017.

Exports from North Macedonia (Flag) to Armenia (Flag) (2022)

Exports from Armenia (Flag) to North Macedonia (Flag) (2022)

Latest Data

Trade between North Macedonia (Flag) and Armenia (Flag)

North Macedonia Exports

Armenia Exports

Market Competitiveness

Color
North Macedonia
Top Destination
Germany$3.96B
Armenia
Top Destination
Russia$2.36B

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

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

In 2022, countries that imported more from Armenia than North Macedonia included Russia ($2.36B), United Arab Emirates ($535M), and China ($420M).

Difference in imports from Armenia (Flag) and North Macedonia (Flag) (2022)

Comparative Advantage North Macedonia - Armenia

Flow
Scale

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

During 2022, North Macedonia had a large net trade with Armenia in the exports of Chemical Products ($945k), Transportation ($241k), and Foodstuffs ($147k).

During 2017, Armenia had a large net trade with North Macedonia in the exports of Plastics and Rubbers ($44.7k), Foodstuffs ($6.13k), and Machines ($3.75k).

Potential Exports

Potential Exports

Depth
View
Sort By
Top Product Potential North Macedonia Armenia+$279kMotor vehicles; parts and accessories (8701 to 8705)
Top Product Potential Armenia North Macedonia+$19.1kPlastic Pipes

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

Product Space of North Macedonia (Flag) and Armenia (Flag) (2022)

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