Bosnia and Herzegovina (BIH) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

2023

→

Exports $283MRnk 7 / 159

2023

→

About

Bosnia and Herzegovina-Montenegro Trade: In 2023, Bosnia and Herzegovina exported $283M to Montenegro. The main products that Bosnia and Herzegovina exported to Montenegro were Electricity ($58.4M), Lead Ore ($16.9M), and Milk ($16.4M). Over the past 5 years the exports of Bosnia and Herzegovina to Montenegro have increased at an annualized rate of 3.8%, from $235M in 2018 to $283M in 2023.

In 2023, Bosnia and Herzegovina did not export any services to Montenegro.

Montenegro-Bosnia and Herzegovina Trade: In 2023, Montenegro exported $67.5M to Bosnia and Herzegovina. The main products that Montenegro exported to Bosnia and Herzegovina were Electricity ($27.2M), Aluminium Ore ($11.5M), and Raw Aluminium ($5.26M). Over the past 5 years the exports of Montenegro to Bosnia and Herzegovina have increased at an annualized rate of 4.47%, from $36.6M in 2018 to $67.5M in 2023.

In 2023, Montenegro did not export any services to Bosnia and Herzegovina.

Comparison In 2023, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Latest Data

Trade between Bosnia and Herzegovina () and Montenegro ()

Bosnia and Herzegovina Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bosnia and Herzegovina
Top DestinationGermany$1.48B

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Bosnia and Herzegovina than Montenegro included Germany ($1.48B), Croatia ($1.39B), and Austria ($996M).

In 2023, countries that imported more from Montenegro than Bosnia and Herzegovina included Spain ($91.1M), Hong Kong ($32.5M), and Luxembourg ($30.4M).

Difference in imports from Montenegro () and Bosnia and Herzegovina () (2023)

Economic Complexity

Competitive Landscape

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