North Macedonia: Trade openness

* indicates monthly or quarterly data series
 North Macedonia

Trade openness: exports plus imports as percent of GDP

 Latest value 170.82
 Year 2022
 Measure percent
 Data availability 1990 - 2022
 Average 97.21
 Min - Max 46.38 - 170.82
 Source The World Bank
For that indicator, we provide data for North Macedonia from 1990 to 2022. The average value for North Macedonia during that period was 97.21 percent with a minimum of 46.38 percent in 1991 and a maximum of 170.82 percent in 2022. The latest value from 2022 is 170.82 percent. For comparison, the world average in 2022 based on 148 countries is 100.81 percent. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series


Recent values chart
North Macedonia - Trade openness - recent values

Historical chart
North Macedonia - Trade openness - historical chart - 1990-2022




Definition: Exports plus imports as percent of GDP.


 Related indicators Latest value Reference Measure
 Terms of trade 87.86 2021 percent
 Trade openness 170.82 2022 percent
 Financial openness -0.042 2021 index points
 Exports, percent of GDP 74.89 2022 percent
 Exports, billion dollars 10.16 2022 billion U.S. dollars
 Growth of exports 13.39 2022 percent
 Imports, percent of GDP 95.92 2022 percent
 Imports, billion dollars 13.01 2022 billion U.S. dollars
 Foreign Direct Investment, percent of GDP 6.30 2022 percent
 Foreign Direct Investment, billion dollars 0.87 2022 billion U.S. dollars
 Portfolio investment inflows, equities 2.19 2022 million dollars (current)
 Current account, percent of GDP -6.74 2022 percent
 Current account, in dollars -0.86 2022 billion U.S. dollars
 Trade balance, percent of GDP -21.03 2022 percent
 Trade balance, in dollars -2.88 2022 billion U.S. dollars
 Reserves 4.12 2022 billion U.S. dollars
 Remittances, percent of GDP 3.36 2022 percent
 Remittances 456.31 2022 million U.S. dollars
 Net errors and omissions 46.75 2022 million USD
 External debt 89.26 2022 percent
 Short-term external debt 16.98 2022 percent
 Short-term debt to reserves 47.70 2022 percent
 Foreign exchange reserves 3.90 9/2023 billion
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