Vietnam (VNM) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Vietnam-North Macedonia Trade: In 2022, Vietnam exported $60.5M to North Macedonia. The main products that Vietnam exported to North Macedonia were Broadcasting Equipment ($28.8M), Textile Footwear ($4.06M), and Coconuts, Brazil Nuts, and Cashews ($2.9M). Over the past 5 years the exports of Vietnam to North Macedonia have increased at an annualized rate of 1.21%, from $57M in 2017 to $60.5M in 2022.

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

North Macedonia-Vietnam Trade: In 2022, North Macedonia exported $1.59M to Vietnam. The main products that North Macedonia exported to Vietnam were Iron Structures ($796k), Packaged Medicaments ($707k), and Other Edible Preparations ($87.4k). Over the past 5 years the exports of North Macedonia to Vietnam have increased at an annualized rate of 51.7%, from $199k in 2017 to $1.59M in 2022.

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

Comparison: In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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, Vietnam exported $60.5M to North Macedonia. The main products exported from Vietnam to North Macedonia were Broadcasting Equipment ($28.8M), Textile Footwear ($4.06M), and Coconuts, Brazil Nuts, and Cashews ($2.9M). During the last 5 years the exports of Vietnam to North Macedonia have increased at an annualized rate of 1.21%, from $57M in 2017 to $60.5M in 2022.

In 2017, North Macedonia exported $1.59M to Vietnam. The main products exported from North Macedonia to Vietnam were Iron Structures ($796k), Packaged Medicaments ($707k), and Other Edible Preparations ($87.4k). During the last 5 years the exports of North Macedonia to Vietnam have increased at an annualized rate of 51.7%, from $199k in 2022 to $1.59M in 2017.

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

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

Latest Data

Trade between Vietnam () and North Macedonia ()

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Vietnam than North Macedonia included United States ($117B), China ($58.7B), and South Korea ($25.2B).

In 2022, countries that imported more from North Macedonia than Vietnam included Serbia ($800M), Greece ($683M), and Bulgaria ($443M).

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

Comparative Advantage Vietnam - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with North Macedonia in the exports of Machines ($34.7M), Footwear and Headwear ($8.4M), and Textiles ($5.65M).

During 2017, North Macedonia had a large net trade with Vietnam in the exports of Metals ($799k), Chemical Products ($707k), and Foodstuffs ($87.4k).

Potential Exports

Depth

Section

HS2

HS4

View

Top 20

Top 15

Top 10

Sort By

Highest Potential

Most Saturated

Section

Top Product Potential Vietnam North Macedonia+$12.5MTelephones

Top Product Potential North Macedonia Vietnam+$1.23MPackaged Medicaments

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 Vietnam and North Macedonia. This means that a dot/product with the flag of Vietnam 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 Vietnam.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Vietnam () and North Macedonia ()

North Macedonia Exports

Market Competitiveness

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

Comparative Advantage Vietnam - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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