by FlagPictures.org

A Balkan country in southeastern Europe, the Republic of North Macedonia shipped US$9.91 billion worth of exported products around the world in 2025.

That dollar amount results from a 21.1% increase from $8.2 billion 5 years earlier in 2021.

Year over year, the overall value of North Macedonian exported goods accelerated by 17.7% compared to $8.42 billion starting from 2024.

Resolving a dispute with Greece over its name, “Macedonia” was renamed as the Republic of North Macedonia effective February 1, 2021.

Based on the average exchange rate for 2025, the Macedonian denar appreciated by 4.3% against the US dollar since 2021 but depreciated by -4.5% from 2024 to 2025. North Macedonia’s weaker local currency compared to 2024 makes its exports paid for in stronger US dollars relatively less expensive for international buyers starting with American currency.

The latest available country-specific data from 2024 shows that 79.8% of products exported from North Macedonia was bought by importers in: Germany (39.8% of the Macedonian total), Serbia (10.5%), Bulgaria (5.6%), Hungary (3.7%), Czech Republic (3.6%), Greece (3.4%), Italy (2.64%), Slovakia (2.59%), Romania (2.11%), Spain (2.09%), Türkiye (2%) and Belgium (1.8%).

From a continental perspective, 94.5% of North Macedonia’s exports by value was delivered to fellow European countries while 3.4% was sold to importers in Asia. North Macedonia shipped another 1.7% worth of goods to customers located in North America.

Tinier percentages went to Africa (0.21%), Latin America (0.15%) excluding Mexico but including the Caribbean, and Oceania (0.11%) mostly Australia.

Given North Macedonia’s population of 1.81 million people, its total US$9.91 in 2025 exports translates to roughly $5,500 for every resident in the southeastern European nation. That dollar metric surpasses the average $4,650 per capita one year earlier during 2024.

North Macedonia’s top 10 export product categories generated over three-quarters (78.1%) of the overall value of its global shipments.

Tobacco or manufactured tobacco substitutes represents the fastest grower among the top 10 export categories, up by 72.6% from 2024 to 2025.

In second place for improving export sales was machinery including computers via a 42.2% advance.

North Macedonia’s shipments of electrical machinery and equipment posted the third-fastest gain in value, up by 31.8%.

The lone decliner among North Macedonia’s top 10 export categories was iron and steel, thanks to a -4.8% year-over-year drop.

At the more granular four-digit Harmonized Tariff System code level, North Macedonia’s most valuable export goods are initiators, accelerators and other catalytic devices (23.3% of North Macedonia’s total), insulated wire and cable (10.2%), electrical or optical circuit boards or panels (5.3%), seats excluding barber and dentist chairs (4.6%), centrifuges, filters and purifiers (4%), electrical energy (3.1%), public transport vehicles (2.4%), unmanufactured tobacco and tobacco waste (2.3%), hot-rolled iron or non-alloy steel products (2.1%) then automobile parts or accessories (2%).

The following types of North Macedonian product shipments represent positive net exports or a trade balance surplus. Investopedia defines net exports as the value of a country’s total exports minus the value of its total imports.

In a nutshell, net exports represent the amount by which foreign spending on a home country’s goods or services exceeds or lags the home country’s spending on foreign goods or services.

North Macedonia incurred an overall -US$1.7 billion trade deficit for 2025, reducing by -52% from -$3.54 billion in red ink one year earlier in 2024.

Below are exports from North Macedonia that result in negative net exports or product trade balance deficits. These negative net exports reveal product categories where foreign spending on home country North Macedonia’s goods trail North Macedonian importer spending on foreign products.

Not one North Macedonian corporation ranks among the companies on the Forbes Global 2000.

Wikipedia lists export-related businesses from North Macedonia. Selected examples are shown below.

 
In macroeconomic terms, North Macedonia’s total exported goods represent 18.6% of its overall Gross Domestic Product for 2025 ($53.3 billion valued in Purchasing Power Parity US dollars). That 18.6% for exports to overall GDP in PPP for 2025 compares to 16.7% one year earlier. Those percentages indicate an increasing reliance on products sold on international markets for North Macedonia’s total economic performance, albeit based on a short timeframe.

Another key indicator of an economy’s health is the unemployment rate. North Macedonia’s unemployment rate averaged 12.841% for 2025, down from an average 13.01% jobless rate in 2024.

North Macedonia’s capital city is Skopje, the birthplace for Mother Teresa.

See also Bulgaria’s Top Trading Partners, United Kingdom’s Top Trading Partners and Greece’s Top 10 Exports

Research Sources:
Central Intelligence Agency, Country Profiles, The World Factbook. Accessed on October 7, 2026

EXCHANGE-RATES.org, Exchange Rates: Macedonian dinar per U.S. dollar. Accessed on October 7, 2026

Forbes Global 2000 rankings, The World’s Biggest Public Companies. Accessed on October 7, 2026

International Monetary Fund, World Economic Outlook Database (GDP based on Purchasing Power Parity). Accessed on October 7, 2026

International Trade Centre, Trade Map. Accessed on October 7, 2026

Investopedia, Net Exports Definition. Accessed on October 7, 2026

Wikipedia, Gross domestic product. Accessed on October 7, 2026

Wikipedia, List of Companies of North Macedonia. Accessed on October 7, 2026

Wikipedia, North Macedonia. Accessed on October 7, 2026

Wikipedia, Purchasing power parity. Accessed on October 7, 2026