Summary
- North Macedonia → Serbia
- $841million
- Serbia → North Macedonia
- $931million
- North Macedonia’s balance
- -$91million
Balance
North Macedonia’s trade balance with Serbia
Trade between North Macedonia and Serbia grew 7.2-fold since 1995
USD millions (current). North Macedonia’s exports and imports; bars: its balance (green surplus, red deficit).
- Exports 841
- Imports 931
- Balance -90.6
Source: CEPII BACI
Show the numbers
| Year | Exports | Imports | Trade balance |
|---|---|---|---|
| 1995 | $85 million | $161 million | -$76 million |
| 1996 | $267 million | $186 million | $80 million |
| 1997 | $296 million | $216 million | $80 million |
| 1998 | $257 million | $257 million | $848 thousand |
| 1999 | $222 million | $189 million | $33 million |
| 2000 | $290 million | $187 million | $103 million |
| 2001 | $239 million | $162 million | $77 million |
| 2002 | $225 million | $183 million | $41 million |
| 2003 | $275 million | $200 million | $74 million |
| 2004 | $310 million | $262 million | $48 million |
| 2005 | $460 million | $264 million | $196 million |
| 2006 | $532 million | $308 million | $223 million |
| 2007 | $623 million | $483 million | $140 million |
| 2008 | $886 million | $550 million | $336 million |
| 2009 | $615 million | $429 million | $186 million |
| 2010 | $650 million | $476 million | $175 million |
| 2011 | $838 million | $559 million | $279 million |
| 2012 | $582 million | $528 million | $55 million |
| 2013 | $479 million | $572 million | -$93 million |
| 2014 | $454 million | $656 million | -$202 million |
| 2015 | $369 million | $552 million | -$183 million |
| 2016 | $387 million | $582 million | -$194 million |
| 2017 | $178 million | $630 million | -$452 million |
| 2018 | $506 million | $709 million | -$203 million |
| 2019 | $569 million | $750 million | -$181 million |
| 2020 | $474 million | $721 million | -$247 million |
| 2021 | $651 million | $938 million | -$287 million |
| 2022 | $763 million | $958 million | -$195 million |
| 2023 | $821 million | $919 million | -$98 million |
| 2024 | $841 million | $931 million | -$91 million |
What they sell each other
What North Macedonia sells to Serbia
The top 10 headings in 2024, with their share of the total.
What Serbia sells to North Macedonia
The top 10 headings in 2024, with their share of the total.
How it travels
North Macedonia and Serbia traded $1.8 billion in 2024 (both directions together). They trade mostly over land: 100% of the value travels by truck, rail or pipeline.
Split by transport mode
Mode estimated from value per kilo and geography; both directions together.
How much each matters to the other
Serbia was North Macedonia’s 2nd largest trading partner (8% of its trade), and North Macedonia was Serbia’s 16th (2%).
- Serbia in North Macedonia’s trade
- 8.1%
- Serbia’s rank among North Macedonia’s partners
- 2nd
- North Macedonia in Serbia’s trade
- 2.4%
- North Macedonia’s rank among Serbia’s partners
- 16th
Compare with
Other partners of North Macedonia
Other partners of Serbia
Sources and methodology
Sources and licenses
- CEPII BACI · Licence Ouverte Etalab 2.0
- World Bank, Global Shipping Traffic Density · CC BY 4.0 (route network derived by this site)
- World Port Index (NGA) · Public domain (US Government work)
- Natural Earth · Public domain
Methodology
Goods trade from CEPII BACI (BACI_HS92_V202601), in current US dollars, with exports and imports reconciled between countries. The transport mode is our own estimate based on value per kilo and geography. The sea route comes from our own network derived from World Bank shipping density (not from nautical charts), between one main reference port per country (World Port Index); days are the distance at 14 and 18 knots, without port calls or waiting. Data up to 2024.