Albania (ALB) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Albania-Montenegro Trade: In 2022, Albania exported $80.8M to Montenegro. The main products that Albania exported to Montenegro were Electricity ($14.6M), Cement ($11M), and Petroleum Coke ($9.64M). Over the past 5 years the exports of Albania to Montenegro have increased at an annualized rate of 15.6%, from $39.1M in 2017 to $80.8M in 2022.

In 2022, Albania did not export any services to Montenegro.

Montenegro-Albania Trade: In 2022, Montenegro exported $21.9M to Albania. The main products that Montenegro exported to Albania were Sawn Wood ($6.69M), Raw Aluminium ($4.84M), and Scrap Aluminium ($2.13M). Over the past 5 years the exports of Montenegro to Albania have increased at an annualized rate of 12%, from $12.4M in 2017 to $21.9M in 2022.

In 2022, Montenegro did not export any services to Albania.

Comparison In 2022, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Albania exported $80.8M to Montenegro. The main products exported from Albania to Montenegro were Electricity ($14.6M), Cement ($11M), and Petroleum Coke ($9.64M). During the last 5 years the exports of Albania to Montenegro have increased at an annualized rate of 15.6%, from $39.1M in 2017 to $80.8M in 2022.

In 2017, Montenegro exported $21.9M to Albania. The main products exported from Montenegro to Albania were Sawn Wood ($6.69M), Raw Aluminium ($4.84M), and Scrap Aluminium ($2.13M). During the last 5 years the exports of Montenegro to Albania have increased at an annualized rate of 12%, from $12.4M in 2022 to $21.9M in 2017.

Exports from Albania () to Montenegro () (2022)

Exports from Montenegro () to Albania () (2022)

Latest Data

Trade between Albania () and Montenegro ()

Albania Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Albania
Top DestinationItaly$1.75B

Montenegro
Top DestinationSouth Korea$321M

This map shows whether countries import more from Albania or Montenegro. Each country is colored based on the difference in imports they receive from Albania and Montenegro or the difference in the growth in imports.

In 2022, countries that imported more from Albania than Montenegro included Italy ($1.75B), Greece ($421M), and Spain ($309M).

In 2022, countries that imported more from Montenegro than Albania included South Korea ($321M), Switzerland ($116M), and Serbia ($159M).

Difference in imports from Montenegro () and Albania () (2022)

Comparative Advantage Albania - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

This chart compares trade between Albania and Montenegro by product, considering products traded by both, Albania and Montenegro.

During 2022, Albania had a large net trade with Montenegro in the exports of Mineral Products ($37.9M), Vegetable Products ($14.6M), and Metals ($13M).

During 2017, Montenegro had a large net trade with Albania in the exports of Metals ($7.38M), Wood Products ($6.86M), and Foodstuffs ($2.25M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Albania and Montenegro. This means that a dot/product with the flag of Albania indicates it has a comparative advantage over Montenegro. Similarly, a dot/product with the flag of Montenegro indicates it has a comparative advantage over Albania.

About

Historical Data

Bilateral Trade by Products

Exports from Albania () to Montenegro () (2022)

Exports from Montenegro () to Albania () (2022)

Latest Data

Trade between Albania () and Montenegro ()

Albania Exports

Montenegro Exports

Market Competitiveness

Difference in imports from Montenegro () and Albania () (2022)

Comparative Advantage Albania - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Albania () and Montenegro () (2022)

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