North Macedonia Trade Balance
External balance on goods and services NE.RSB.GNFS.CD
North Macedonia's trade balance was $-2.5B in 2025, ranked 127th globally. This represents a 14.3% decrease from 2024. Data from World Bank, covering 1990–2025.
Overview
North Macedonia's trade balance stood at $-2.5B in 2025, a decline of +$314.8M from 2024. Based on recent trends, this figure is projected to reach $-2.5B by 2025. North Macedonia ranked 127th globally.
North Macedonia’s trade balance has remained persistently negative, recording a deficit of ‑2,512,863,460.43 in 2025, which places the country 127th in the world ranking. The balance swung briefly into surplus in 1992, when it peaked at 22,999,410.72, but the subsequent three decades have been dominated by deficits that deepened to an all‑time trough of ‑2,866,815,928.71 in 2022. Over the 36‑year series, the cumulative shortfall reflects a structural reliance on imports relative to export earnings, a pattern mirrored by peers such as Georgia (deficit ‑2,424,257,555.78) and Bolivia (deficit ‑2,592,295,117.22). The modest improvement from the 2022 trough to the 2025 figure suggests a slight easing of the imbalance, yet the balance remains far below the early‑1990s surplus level. Continued diversification of export markets and enhancement of domestic production capacity will be crucial to reverse the long‑term negative trajectory.
Data & projection
| Year | Trade Balance | YoY change | Rank |
|---|---|---|---|
| 2027* trend | $-2.7B | - | - |
| 2026* trend | $-2.6B | - | - |
| 2025* trend | $-2.5B | - | - |
| 2025 | $-2.5B | −$314.8M | #127 |
| 2024 | $-2.2B | −$136.8M | #49 |
| 2023 | $-2.1B | +$805.6M | #53 |
| 2022 | $-2.9B | −$650.1M | #57 |
| 2021 | $-2.2B | −$647.1M | #49 |
| 2020 | $-1.6B | +$165.0M | #60 |
| 2019 | $-1.7B | −$153.7M | #58 |
| 2018 | $-1.6B | −$15.4M | #61 |
| 2017 | $-1.6B | +$20.1M | #56 |
| 2016 | $-1.6B | +$47.0M | #64 |
| 2015 | $-1.6B | +$323.0M | #72 |
| 2014 | $-2.0B | −$1.6M | #66 |
| 2013 | $-2.0B | +$137.8M | #65 |
| 2012 | $-2.1B | −$103.9M | #60 |
| 2011 | $-2.0B | −$266.4M | #54 |
Detected Pattern
Analysis
North Macedonia matched the Export Boom Cycle pattern in 2023. Historically, 71% of countries showing this pattern (546 out of 768) saw trade balance improve within 24 months. View full analysis →
Frequently Asked Questions
North Macedonia's trade balance was $-2.5B in 2025. Ranked 127th globally. This represents a 14.3% decrease from the previous year.
North Macedonia's trade balance peaked at $23.0M in 1992.
The lowest trade balance in North Macedonia was $-2.9B in 2022.
North Macedonia ranks 127th globally in trade balance as of 2025.
The World Bank indicator code is NE.RSB.GNFS.CD. Data sourced from World Bank.
North Macedonia's trade balance is projected to reach $-2.5B by 2025 based on trend extrapolation.
The trade balance of North Macedonia in 2025 was $-2.5B. This ranks 127th in the world.
Cite this page
@misc{historysaid_north-macedonia_trade-balance,
title = {North Macedonia Trade Balance},
url = {https://historysaid.com/north-macedonia/trade-balance/},
publisher = {HistorySaid},
year = {2026}
}