North Macedonia-Belgium Bilateral Trade Analysis 2023
Complete trade statistics: $324.42M total volume •North Macedonia surplus: $324.42M
North Macedonia → Belgium
$324.42M
Exports (2023)
Belgium → North Macedonia
$0
Imports (2023)
Trade Balance
$324.42M
Surplus for North Macedonia
Total Trade
$324.42M
Combined Volume
Trade Flow Visualization
Direct trade relationship between North Macedonia and Belgium. Green line shows exports from North Macedonia, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the North Macedonia-Belgium commercial relationship and competitive positioning in global markets.
North Macedonia → Belgium Exports
Export Market Intelligence
🎯 Strategic Export Focus
North Macedonia's export portfolio to Belgium demonstrates strategic specialization, with vehicles: public transport type (carries 10 or more persons, including driver), with only compression-ignition internal combustion piston engine (diesel or semi-diesel), new or used representing a key competitive advantage in this bilateral market.
Belgium → North Macedonia Imports
Import Dependency Profile
📦 Import Strategy Analysis
North Macedonia's import pattern from Belgium reveals significant dependencyin metals: platinum, unwrought or in powder form, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
North Macedonia demonstrates competitive strength in exportingvehicles: public transport type (carries 10 or more persons, including driver), with only compression-ignition internal combustion piston engine (diesel or semi-diesel), new or used to Belgium, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $324.42M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: North Macedonia-Belgium Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $324.42 millionrepresenting a significant bilateral economic relationship
- Trade Balance: North Macedonia maintains a surplus of $324.42 million
- Export Focus: North Macedonia's primary exports include vehicles: public transport type (carries 10 or more persons, including driver), with only compression-ignition internal combustion piston engine (diesel or semi-diesel), new or used, vehicles: public transport type (carries 10 or more persons, including driver), with only electric motor for propulsion, new or used, tobacco, (not stemmed or stripped)
- Import Dependencies: Key imports from Belgium include metals: platinum, unwrought or in powder form, ceramic wares: for laboratory, chemical or other technical uses, other than articles having a hardness equivalent to 9 or more on the mohs scale or of porcelain or china, metals: palladium, unwrought or in powder form
Strategic Trade Indicators
📈 Market Position: This bilateral trade relationship represents an important regional trade partnerships, with complementary economic strengths driving sustained commercial exchange.
Historical Trade Analysis & Economic Context
Trade Evolution Timeline
2019-2023: Recent Trends
Current trade volume of $324.42M represents the culmination of evolving bilateral commercial relationships, influenced by global supply chain shifts and changing economic priorities.
2015-2019: Growth Period
Sustained expansion in bilateral trade driven by complementary economic structures, with North Macedonia leveraging its comparative advantages in vehicles: public transport type (carries 10 or more persons, including driver), with only compression-ignition internal combustion piston engine (diesel or semi-diesel), new or used.
2010-2015: Foundation Building
Establishment of modern trade frameworks and reduction of barriers, facilitating increased commercial exchange and investment flows between the two economies.
Pre-2010: Early Development
Initial stages of bilateral trade relationship development, with focus on traditional export-import patterns and gradual market integration.
Key Economic Drivers
Comparative Advantage
North Macedonia's specialization in vehicles: public transport type (carries 10 or more persons, including driver), with only compression-ignition internal combustion piston engine (diesel or semi-diesel), new or usedcomplements Belgium's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in metals: platinum, unwrought or in powder form.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $324.42M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $324.42M bilateral trade volume positions this relationship for continued growth, supported by technological advancement, evolving consumer preferences, and strengthening economic ties. Key opportunities lie in expanding cooperation in emerging sectors while managing potential supply chain vulnerabilities.
Economic Impact & Strategic Outlook
Economic Impact Assessment
Trade Volume Impact
The $324.42 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in vehicles: public transport type (carries 10 or more persons, including driver), with only compression-ignition internal combustion piston engine (diesel or semi-diesel), new or used and metals: platinum, unwrought or in powder form demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
North Macedonia's trade surplus of $324.42 million strengthens its overall economic position in this bilateral relationship.
Strategic Future Outlook
🚀Growth Opportunities
⚠️Risk Factors
🎯Strategic Recommendations
- Strengthen cooperation in high-value sectors beyond current trade patterns
- Develop alternative supply chains to reduce dependency risks
- Explore joint ventures in emerging technology sectors
- Enhance trade facilitation and reduce transaction costs
Market Position & Competitive Summary
The bilateral trade relationship between North Macedonia and Belgium represents a total trade volume of $324.42 million in 2023. This partnership demonstrates a favorable trade balance for North Macedonia, with exports exceeding importsby $324.42 million.
Export Strengths
North Macedonia's exports to Belgium total $324.42 million, with competitive advantages in vehicles: public transport type (carries 10 or more persons, including driver), with only compression-ignition internal combustion piston engine (diesel or semi-diesel), new or used, representing $184.16M or56.8% of bilateral exports.
Import Dependencies
Imports from Belgium amount to $0.00, highlighting economic interdependence in metals: platinum, unwrought or in powder form, with Metals: platinum, unwrought or in powder form comprisingInfinity% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates North Macedonia's competitive position in this bilateral relationship. This partnership is characterized by complementary trade flows, with each country specializing in different product categories based on their respective economic strengths, industrial capabilities, and position in global value chains.
Download Bilateral Trade Data
Access detailed trade data between North Macedonia and Belgium in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023