According to resources, the total export to Macedonia from India reached an estimated revenue of more than $51 Million by the year 2022.
Trade agreements have also been signed between both the countries in order to support exports.
| US $Million | 2020 | 2021 |
| India Export to Macedonia | 50M | 51M |
| India Import from Macedonia | 21M | 23M |
| Total Trade | 71M | 74M |
Sesame seeds and Cotton Yarn are the major exported products from India to Macedonia at the present moment.
The E-commerce market in Macedonia is also rising with a good growth rate. The main reason behind the eCommerce growth is the Internet penetration rate in Macedonia which has reached 82%.
So, itβs a good scope for Indian exporters and sellers to grab the Macedonia market whether through offline channels or online selling platforms & marketplaces in Macedonia.
Useful resources