Türkiye-North Macedonia Bilateral Trade Analysis 2023
Complete trade statistics: $914.10M total volume •Türkiye surplus: $493.03M
Türkiye → North Macedonia
$703.56M
Exports (2023)
North Macedonia → Türkiye
$210.53M
Imports (2023)
Trade Balance
$493.03M
Surplus for Türkiye
Total Trade
$914.10M
Combined Volume
Trade Flow Visualization
Direct trade relationship between Türkiye and North Macedonia. Green line shows exports from Türkiye, red line shows imports.
Detailed Product Trade Analysis
Comprehensive breakdown of trade flows by product category, revealing the specialized nature of the Türkiye-North Macedonia commercial relationship and competitive positioning in global markets.
Türkiye → North Macedonia Exports
Export Market Intelligence
🎯 Strategic Export Focus
Türkiye's export portfolio to North Macedonia demonstrates strategic specialization, with iron or non-alloy steel: in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm representing a key competitive advantage in this bilateral market.
North Macedonia → Türkiye Imports
Import Dependency Profile
📦 Import Strategy Analysis
Türkiye's import pattern from North Macedonia reveals significant dependencyin 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, highlighting complementary economic structures and potential supply chain optimization opportunities.
Competitive Trade Position Analysis
Market Leadership
Türkiye demonstrates competitive strength in exportingiron or non-alloy steel: in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm to North Macedonia, leveraging comparative advantages.
Trade Complementarity
The bilateral relationship showsmoderatecomplementarity, with each country specializing in different sectors.
Growth Potential
The $914.10M trade volume indicates substantial economic integration with room for expansion in emerging sectors.
Executive Summary: Türkiye-North Macedonia Trade Relationship
Key Trade Highlights 2023
- Total Trade Volume: $914.10 millionrepresenting a significant bilateral economic relationship
- Trade Balance: Türkiye maintains a surplus of $493.03 million
- Export Focus: Türkiye's primary exports include iron or non-alloy steel: in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm, iron or steel: structures and parts thereof, n.e.c. in heading 7308, aluminium: alloys, hollow profiles
- Import Dependencies: Key imports from North Macedonia include 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, 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 of 4.75mm or more but not exceeding 10mm, electric accumulators: lead-acid, of a kind used for starting piston engines, including separators, whether or not rectangular (including square)
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 $914.10M 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 Türkiye leveraging its comparative advantages in iron or non-alloy steel: in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm.
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
Türkiye's specialization in iron or non-alloy steel: in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mmcomplements North Macedonia's demand patterns, creating natural trade synergies.
Supply Chain Integration
Deep integration in global value chains has strengthened bilateral linkages, particularly 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.
Market Access & Trade Policy
Favorable trade agreements and market access conditions have facilitated the growth of this $914.10M bilateral relationship.
Trade Pattern Insights
Trade Relationship Outlook
The $914.10M 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 $914.10 million bilateral trade volume represents a important trade relationshipfor both economies.
Industrial Integration
Trade flows in iron or non-alloy steel: in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm and 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 demonstrate deep industrial linkages and supply chain integration.
Trade Balance Effects
Türkiye's trade surplus of $493.03 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 Türkiye and North Macedonia represents a total trade volume of $914.10 million in 2023. This partnership demonstrates a favorable trade balance for Türkiye, with exports exceeding importsby $493.03 million.
Export Strengths
Türkiye's exports to North Macedonia total $703.56 million, with competitive advantages in iron or non-alloy steel: in coils, flat-rolled, width 600mm or more, cold-rolled, of a thickness of less than 0.5mm, representing $18.31M or2.6% of bilateral exports.
Import Dependencies
Imports from North Macedonia amount to $210.53 million, highlighting economic interdependence 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, with 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 comprising21.7% of total imports.
The trade relationship reflects broader economic patterns and comparative advantages. The trade surplus indicates Türkiye'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 Türkiye and North Macedonia in multiple formats.
Data Source: CEPII BACI (Base pour l'Analyse du Commerce International) • Last Updated: January 2025 • Coverage: 1995-2023