Market Opportunities
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The most successful U.S. trade product categories based on 10-digit HS codes during 2022 in North Macedonia were excavating machinery, chemicals-inorganic and others; laboratory testing instruments; medicinal equipment; pharmaceutical preparations; meat; poultry; other industrial supplies; industrial machines; cell phones and other household goods; toys, games, and sporting goods; and computers. Other opportunities include:
- Energy – The government has privatized some energy assets and is providing concessions for other energy opportunities. EVN, the private electricity distribution company, continues to make substantial infrastructure investments.
- Transportation – The current government of North Macedonia prioritizes upgrades to the country’s transportation infrastructure and is looking for trusted international companies for road and rail projects.
- Information Technology and Computers – This growing sector continues to provide opportunities for U.S. companies, both by providing hardware, software, and services to local entities and by setting up remote service providers in-country to take advantage of North Macedonia’s talent pool.
- Construction – There are both export and investment opportunities available for U.S. companies in the construction and building materials sector.
- Hotel and Restaurant Equipment/Tourism – The country’s geographic location, scenic areas, and historical and religious sites provide opportunities for tourism industry investment, development, and management.
- Agriculture – Agriculture is an important segment of the economy with expanded opportunities for U.S. exports of fertilizer, farming equipment, and food processing machinery.