2022
Exports
$183kWorld Rnk 72 / 182
Flag Rnk 492 / 1022
2022
PRODUCT COMPLEXITY IN Electromagnets
1.02Rnk 163 / 1025
2022
Imports
$2.85MWorld Rnk 78 / 216
Flag Rnk 412 / 1137
2022
ECONOMIC COMPLEXITY of North Macedonia
0.25Rnk 52 / 133

About

Exports In 2022, North Macedonia exported $183k in Electromagnets, making it the 72nd largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 492nd most exported product in North Macedonia. The main destination of Electromagnets exports from North Macedonia are: Turkey ($159k), Serbia ($10.7k), Germany ($7.19k), Hungary ($5.38k), and Netherlands ($284).

The fastest growing export markets for Electromagnets of North Macedonia between 2021 and 2022 were Turkey ($158k), Hungary ($4.62k), and Germany ($2.69k).

Imports In 2022, North Macedonia imported $2.85M in Electromagnets, becoming the 78th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 412th most imported product in North Macedonia. North Macedonia imports Electromagnets primarily from: China ($1.1M), Germany ($623k), Switzerland ($313k), Malaysia ($163k), and Italy ($145k).

The fastest growing import markets in Electromagnets for North Macedonia between 2021 and 2022 were Germany ($282k), China ($262k), and Italy ($76.4k).

Latest Trends

Jul 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Electromagnets. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$183k
IMPORTS (2022)$2.85M
NET TRADE (2022)-$2.66M

In 2022, North Macedonia exported $183k in Electromagnets. The main destinations of North Macedonia exports on Electromagnets were Turkey ($159k), Serbia ($10.7k), Germany ($7.19k), Hungary ($5.38k), and Netherlands ($284).

In 2022, North Macedonia imported $2.85M in Electromagnets, mainly from China ($1.1M), Germany ($623k), Switzerland ($313k), Malaysia ($163k), and Italy ($145k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR North Macedonia WERE (2021 - 2022):
Turkey$158k (18.4k%)
Hungary$4.62k (606%)
Germany$2.69k (59.9%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY North Macedonia WERE (2021 - 2022):
Italy-$5.7k (-100%)
Belgium-$2.81k (-100%)
Bulgaria-$2.22k (-98.8%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, North Macedonia's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, North Macedonia's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

Flow
View
TOP EXPORT POTENTIALGermany+ $23.9k
TOP IMPORT POTENTIALChina+ $655k

Electromagnets’s highest export potential is Germany. With an export gap of $23.9k.   Electromagnets’s highest import potential is China with an import gap of $655k.

See methodology.

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