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2023
Flag → Flag
Exports $575kRnk 61 / 121
2023
Flag → Flag
Top Product $315kRolled Tobacco
2023
Flag → Flag
Exports $1.63kRnk 8 / 0
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
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 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
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GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
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GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Cuba-Montenegro Trade: In 2023, Cuba exported $575k to Montenegro. The main products that Cuba exported to Montenegro were Rolled Tobacco ($315k), Hard Liquor ($223k), and Crustaceans ($34.9k). Over the past 5 years the exports of Cuba to Montenegro have increased at an annualized rate of 11.7%, from $330k in 2018 to $575k in 2023.

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

Montenegro-Cuba Trade: In 2023, Montenegro exported $1.63k to Cuba. The main products that Montenegro exported to Cuba were N/A. Over the past 5 years the exports of Montenegro to Cuba have decreased at an annualized rate of 50.6%,  from $55.6k in 2018 to $1.63k in 2023.

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

Comparison In 2023,  Cuba ranked 82 in the Economic Complexity Index (ECI -0.42),  and 159 in total exports ($1.05B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cuba exported $575k to Montenegro. The main products exported from Cuba to Montenegro were Rolled Tobacco ($315k), Hard Liquor ($223k), and Crustaceans ($34.9k). During the last 5 years the exports of Cuba to Montenegro have increased at an annualized rate of 11.7%, from $330k in 2018 to $575k in 2023.

In 2016, Montenegro exported $1.63k to Cuba. There were not main exports from Montenegro to Cuba in 2016. During the last 5 years the exports of Montenegro to Cuba have decreased at an annualized rate of 50.6%, from $55.6k in 2021 to $1.63k in 2016.

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

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

Market Competitiveness

Color
Cuba
Top DestinationChina$358M
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Cuba than Montenegro included China ($358M), Cyprus ($42.5M), and Spain ($129M).

In 2023, countries that imported more from Montenegro than Cuba included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

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

Comparative Advantage Cuba - Montenegro

Flow
Scale

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

During 2023, Cuba had a large net trade with Montenegro in the exports of Foodstuffs ($538k), Animal Products ($34.9k), and Vegetable Products ($1.25k).

During 2016, Montenegro had a large net trade with Cuba in the exports of .

Economic Complexity

Competitive Landscape

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

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

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