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2023
Flag → Flag
Exports $26.3MRnk 144 / 221
2023
Flag → Flag
Top Product $7.78MCoffee
2023
Flag → Flag
Exports $58.4kRnk 83 / 130
2023
Flag → Flag
Top Product $42.7kElectrical Power Accessories
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $10,295CURRENT US$
Rnk 89 / 195
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Brazil-Montenegro Trade: In 2023, Brazil exported $26.3M to Montenegro. The main products that Brazil exported to Montenegro were Coffee ($7.78M), Poultry Meat ($5.69M), and Raw Sugar ($5.19M). Over the past 5 years the exports of Brazil to Montenegro have increased at an annualized rate of 10.5%, from $16M in 2018 to $26.3M in 2023.

In 2023, Brazil did not export any services to Montenegro.

Montenegro-Brazil Trade: In 2023, Montenegro exported $58.4k to Brazil. The main products that Montenegro exported to Brazil were Electrical Power Accessories ($42.7k), Office Machine Parts ($6.73k), and Used Clothing ($4.95k). Over the past 5 years the exports of Montenegro to Brazil have decreased at an annualized rate of 16.9%,  from $147k in 2018 to $58.4k in 2023.

In 2023, Montenegro did not export any services to Brazil.

Comparison In 2023,  Brazil ranked 49 in the Economic Complexity Index (ECI 0.31),  and 22 in total exports ($355B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Brazil exported $3.19M and imported $420 from Montenegro, resulting in a positive trade balance of $3.19M. Between December 2023 and December 2024 the exports of Brazil have increased by $1.36M (73.9%) from $1.83M to $3.19M, while imports decreased by $-42.3k (-99%) from $42.7k to $420.

Trade In December 2024, the top exports of Brazil to Montenegro were Coffee ($2.2M), Raw Sugar ($353k), Poultry Meat ($221k), Frozen Bovine Meat ($74.7k), and Air Pumps ($18.3k). In December 2024 the top imports of Brazil from Montenegro were .

Origins In December 2024 the exports of Brazil were mainly from Minas Gerais ($2.18M), Espírito Santo ($592k), Goiás ($144k), São Paulo ($123k), and Santa Catarina ($76.7k), while imports destinations were mainly São Paulo ($420).

Growth In December 2024, the increase in Brazil's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Coffee ($1.98M or 898%), Raw Sugar ($119k or 50.9%), and Iron Fasteners ($70 or 42.9%). In December 2024, the decrease in Brazil's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)$1.36M(73.9%)
IMPORT GROWTH (December 2023 - December 2024)$-42.3k(-99%)
MAIN EXPORTER (December 2024)Minas Gerais$2.18M

This section shows exports and imports data at subnational level for Brazil. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Brazil over time.

To check Montenegro and Brazil trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Brazil exported $26.3M to Montenegro. The main products exported from Brazil to Montenegro were Coffee ($7.78M), Poultry Meat ($5.69M), and Raw Sugar ($5.19M). During the last 5 years the exports of Brazil to Montenegro have increased at an annualized rate of 10.5%, from $16M in 2018 to $26.3M in 2023.

In 2018, Montenegro exported $58.4k to Brazil. The main products exported from Montenegro to Brazil were Electrical Power Accessories ($42.7k), Office Machine Parts ($6.73k), and Used Clothing ($4.95k). During the last 5 years the exports of Montenegro to Brazil have decreased at an annualized rate of 16.9%, from $147k in 2023 to $58.4k in 2018.

Exports from Brazil (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Brazil (Flag) (2023)

Market Competitiveness

Color
Brazil
Top DestinationChina$106B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Brazil than Montenegro included China ($106B), United States ($37B), and Argentina ($17.2B).

In 2023, countries that imported more from Montenegro than Brazil included Serbia ($202M).

Difference in imports from Montenegro (Flag) and Brazil (Flag) (2023)

Comparative Advantage Brazil - Montenegro

Flow
Scale

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

During 2023, Brazil had a large net trade with Montenegro in the exports of Animal Products ($9.01M), Vegetable Products ($8.46M), and Foodstuffs ($5.78M).

During 2018, Montenegro had a large net trade with Brazil in the exports of Machines ($50.7k), Textiles ($5.66k), and Instruments ($1.14k).

Economic Complexity

Competitive Landscape

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

Product Space of Brazil (Flag) and Montenegro (Flag) (2023)

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