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North Macedonia-Romania Bilateral Trade Analysis 2023

Complete trade statistics: $373.93M total volume •North Macedonia deficit: $71.82M

North Macedonia → Romania

$151.06M

Exports (2023)

Romania → North Macedonia

$222.87M

Imports (2023)

Trade Balance

$71.82M

Deficit for North Macedonia

Total Trade

$373.93M

Combined Volume

Trade Flow Visualization

Direct trade relationship between North Macedonia and Romania. 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-Romania commercial relationship and competitive positioning in global markets.

North Macedonia → Romania Exports

$151.06M
2023 Total

Export Market Intelligence

Product Diversity:
Specialized Focus
Market Share:
13.9% top product
1Seat: parts
$20.98M
13.9% of exports
2Iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness exceeding 10mm
$16.39M
10.9% of exports
3Glass: rear-view mirrors for vehicles
$11.82M
7.8% of exports
4Iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness of 4.75mm or more but not exceeding 10mm
$9.94M
6.6% of exports
5Iron or non-alloy steel: bars and rods, hot-rolled, hot-drawn or hot-extruded, n.e.c. in heading no. 7214, of rectangular (other than square) cross-section
$9.09M
6.0% of exports

🎯 Strategic Export Focus

North Macedonia's export portfolio to Romania demonstrates strategic specialization, with seat: parts representing a key competitive advantage in this bilateral market.

Romania → North Macedonia Imports

$222.87M
2023 Total

Import Dependency Profile

Supply Diversity:
Concentrated
Critical Imports:
8.1% concentration
1Insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors
$18.00M
8.1% of imports
2Textile fabrics: impregnated, coated, covered or laminated with plastics, (excluding polyvinyl chloride, polyurethane and those of heading no. 5902)
$14.24M
6.4% of imports
3Iron or non-alloy steel: in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of less than 3mm
$13.52M
6.1% of imports
4Textile fabric, felt & felt-lined woven fabrics, coated/covered/laminated with rubber, leather or other material, for card clothing, similar fabrics used for technical purposes, including rubber impregnated narrow velvet fabrics to cover weaving spindles
$8.65M
3.9% of imports
5Textile fabrics: impregnated, coated, covered or laminated with polyurethane
$8.16M
3.7% of imports

📦 Import Strategy Analysis

North Macedonia's import pattern from Romania reveals strategic sourcingin insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, highlighting complementary economic structures and potential supply chain optimization opportunities.

Competitive Trade Position Analysis

🏆

Market Leadership

North Macedonia demonstrates competitive strength in exportingseat: parts to Romania, leveraging comparative advantages.

Export Leader in 5+ Categories
🔄

Trade Complementarity

The bilateral relationship showsstrongcomplementarity, with each country specializing in different sectors.

Highly Balanced
📈

Growth Potential

The $373.93M trade volume indicates substantial economic integration with room for expansion in emerging sectors.

Significant Partnership

Executive Summary: North Macedonia-Romania Trade Relationship

Key Trade Highlights 2023

  • Total Trade Volume: $373.93 millionrepresenting a significant bilateral economic relationship
  • Trade Balance: North Macedonia maintains a deficit of $71.82 million
  • Export Focus: North Macedonia's primary exports include seat: parts, iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness exceeding 10mm, glass: rear-view mirrors for vehicles
  • Import Dependencies: Key imports from Romania include insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, textile fabrics: impregnated, coated, covered or laminated with plastics, (excluding polyvinyl chloride, polyurethane and those of heading no. 5902), iron or non-alloy steel: in coils, without patterns in relief, flat-rolled, of a width 600mm or more, hot-rolled, of a thickness of less than 3mm

Strategic Trade Indicators

Trade IntensityHigh
Export DiversificationConcentrated
Trade Balance HealthBalanced

📈 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 $373.93M 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 seat: parts.

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

1

Comparative Advantage

North Macedonia's specialization in seat: partscomplements Romania's demand patterns, creating natural trade synergies.

2

Supply Chain Integration

Deep integration in global value chains has strengthened bilateral linkages, particularly in insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors.

3

Market Access & Trade Policy

Favorable trade agreements and market access conditions have facilitated the growth of this $373.93M bilateral relationship.

Trade Pattern Insights

Trade ComplementarityAsymmetric
Seasonal VariationsModerate
Product ConcentrationMedium
Market DependencyModerate
🔮

Trade Relationship Outlook

The $373.93M 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 $373.93 million bilateral trade volume represents a important trade relationshipfor both economies.

Economic Significance: Moderate
🏭

Industrial Integration

Trade flows in seat: parts and insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors demonstrate deep industrial linkages and supply chain integration.

Supply Chain Integration: Specialized
⚖️

Trade Balance Effects

North Macedonia's trade deficit of $71.82 million impacts its overall economic position in this bilateral relationship.

Balance Impact: Well Balanced

Strategic Future Outlook

🚀Growth Opportunities

Emerging Sectors
Technology transfer and innovation cooperation in iron or non-alloy steel: (not in coils), flat-rolled, of a width 600mm or more, hot-rolled, without patterns in relief, of a thickness exceeding 10mm present expansion opportunities.
Market Diversification
Beyond current focus on insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, new product categories offer potential for trade expansion.

⚠️Risk Factors

Supply Chain Vulnerabilities
Moderate concentration in key sectors requires monitoring
Market Competition
Global competition in seat: parts may affect future market positioning.

🎯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 Romania represents a total trade volume of $373.93 million in 2023. This partnership demonstrates an unfavorable trade balance for North Macedonia, with imports exceeding exportsby $71.82 million.

Export Strengths

North Macedonia's exports to Romania total $151.06 million, with competitive advantages in seat: parts, representing $20.98M or13.9% of bilateral exports.

Import Dependencies

Imports from Romania amount to $222.87 million, highlighting economic interdependence in insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors, with Insulated electric conductors: for a voltage not exceeding 1000 volts, not fitted with connectors comprising8.1% of total imports.

The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates North Macedonia's strategic sourcing from Romania. 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 Romania in multiple formats.

Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023