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2022
Flag → Flag
Exports $306MRnk 7 / 162
2022
Flag → Flag
Top Product $101MElectricity
2022
Flag → Flag
Exports $95.5MRnk 5 / 123
2022
Flag → Flag
Top Product $69.5MElectricity
2022
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Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag  
GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Bosnia and Herzegovina-Montenegro Trade: In 2022, Bosnia and Herzegovina exported $306M to Montenegro. The main products that Bosnia and Herzegovina exported to Montenegro were Electricity ($101M), Hot-Rolled Iron Bars ($17.8M), and Lead Ore ($16.1M). Over the past 5 years the exports of Bosnia and Herzegovina to Montenegro have increased at an annualized rate of 8.36%, from $205M in 2017 to $306M in 2022.

In 2022, Bosnia and Herzegovina did not export any services to Montenegro.

Montenegro-Bosnia and Herzegovina Trade: In 2022, Montenegro exported $95.5M to Bosnia and Herzegovina. The main products that Montenegro exported to Bosnia and Herzegovina were Electricity ($69.5M), Raw Aluminium ($4.82M), and Wine ($2.64M). Over the past 5 years the exports of Montenegro to Bosnia and Herzegovina have increased at an annualized rate of 12%,  from $54.2M in 2017 to $95.5M in 2022.

In 2022, Montenegro did not export any services to Bosnia and Herzegovina.

Comparison In 2022,  Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67),  and 102 in total exports ($10.2B). 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
Value

In 2022, Bosnia and Herzegovina exported $306M to Montenegro. The main products exported from Bosnia and Herzegovina to Montenegro were Electricity ($101M), Hot-Rolled Iron Bars ($17.8M), and Lead Ore ($16.1M). During the last 5 years the exports of Bosnia and Herzegovina to Montenegro have increased at an annualized rate of 8.36%, from $205M in 2017 to $306M in 2022.

In 2017, Montenegro exported $95.5M to Bosnia and Herzegovina. The main products exported from Montenegro to Bosnia and Herzegovina were Electricity ($69.5M), Raw Aluminium ($4.82M), and Wine ($2.64M). During the last 5 years the exports of Montenegro to Bosnia and Herzegovina have increased at an annualized rate of 12%, from $54.2M in 2022 to $95.5M in 2017.

Exports from Bosnia and Herzegovina (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to Bosnia and Herzegovina (Flag) (2022)

Latest Data

Trade between Bosnia and Herzegovina (Flag) and Montenegro (Flag)

Bosnia and Herzegovina Exports

Montenegro Exports

Market Competitiveness

Color
Bosnia and Herzegovina
Top DestinationCroatia$1.47B
Montenegro
Top DestinationSouth Korea$321M

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 2022, countries that imported more from Bosnia and Herzegovina than Montenegro included Croatia ($1.47B), Germany ($1.46B), and Serbia ($1.35B).

In 2022, countries that imported more from Montenegro than Bosnia and Herzegovina included South Korea ($321M), Hong Kong ($22.4M), and Georgia ($19M).

Difference in imports from Montenegro (Flag) and Bosnia and Herzegovina (Flag) (2022)

Comparative Advantage Bosnia and Herzegovina - Montenegro

Flow
Scale

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

During 2022, Bosnia and Herzegovina had a large net trade with Montenegro in the exports of Mineral Products ($121M), Metals ($55.4M), and Animal Products ($29.8M).

During 2017, Montenegro had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($71.2M), Foodstuffs ($6.97M), and Metals ($6.66M).

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.

Product Space of Bosnia and Herzegovina (Flag) and Montenegro (Flag) (2022)

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