North Macedonia-Russian Federation Bilateral Trade Analysis 2023
Complete trade statistics: $265.34M total volume •North Macedonia deficit: $265.34M
North Macedonia → Russian Federation
$0
Exports (2023)
Russian Federation → North Macedonia
$265.34M
Imports (2023)
Trade Balance
$265.34M
Deficit for North Macedonia
Total Trade
$265.34M
Combined Volume
Trade Flow Visualization
Direct trade relationship between North Macedonia and Russian Federation. 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-Russian Federation commercial relationship and competitive positioning in global markets.
North Macedonia → Russian Federation Exports
Export Market Intelligence
🎯 Strategic Export Focus
North Macedonia's export portfolio to Russian Federation demonstrates strategic specialization, with medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale representing a key competitive advantage in this bilateral market.
Russian Federation → North Macedonia Imports
Import Dependency Profile
📦 Import Strategy Analysis
North Macedonia's import pattern from Russian Federation reveals significant dependencyin petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
North Macedonia demonstrates competitive strength in exportingmedicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale to Russian Federation, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $265.34M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: North Macedonia-Russian Federation Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $265.34 millionrepresenting a significant bilateral economic relationship
- Trade Balance: North Macedonia maintains a deficit of $265.34 million
- Export Focus: North Macedonia's primary exports include medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale, medicaments: consisting of mixed or unmixed products n.e.c. in heading no. 3004, for therapeutic or prophylactic uses, packaged for retail sale, vegetables: edible, n.e.c. in chapter 07, fresh or chilled
- Import Dependencies: Key imports from Russian Federation include petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, aluminium: (not alloyed), wire, maximum cross-sectional dimension exceeds 7mm, fertilizers, mineral or chemical: nitrogenous, urea, whether or not in aqueous solution
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 $265.34M 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 medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale.
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 medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail salecomplements Russian Federation's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $265.34M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $265.34M 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 $265.34 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale and petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
North Macedonia's trade deficit of $265.34 million impacts 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 Russian Federation represents a total trade volume of $265.34 million in 2023. This partnership demonstrates an unfavorable trade balance for North Macedonia, with imports exceeding exportsby $265.34 million.
Export Strengths
North Macedonia's exports to Russian Federation total $0.00, with competitive advantages in medicaments: containing antibiotics (other than penicillins, streptomycins or their derivatives), for therapeutic or prophylactic uses, packaged for retail sale, representing $32.79M orInfinity% of bilateral exports.
Import Dependencies
Imports from Russian Federation amount to $265.34 million, highlighting economic interdependence in petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas, with Petroleum gases and other gaseous hydrocarbons: in gaseous state, natural gas comprising90.6% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade deficit indicates North Macedonia's strategic sourcing from Russian Federation. 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 Russian Federation in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023