2022
Flag
 GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186

About

Cayman Islands-Montenegro Trade: In 2022, Cayman Islands exported $1.55M to Montenegro. The main products that Cayman Islands exported to Montenegro were Recreational Boats ($1.55M), Plastic Building Materials ($39), and Electrical Lighting and Signalling Equipment ($22). Over the past 5 years the exports of Cayman Islands to Montenegro have increased at an annualized rate of 323%, from $1.15k in 2017 to $1.55M in 2022.

In 2022, Cayman Islands did not export any services to Montenegro.

Montenegro-Cayman Islands Trade: In 2022, Montenegro exported $1.66M to Cayman Islands. The main products that Montenegro exported to Cayman Islands were Recreational Boats ($1.55M), Transmissions ($81.4k), and Boat Propellers ($14.8k). Over the past 5 years the exports of Montenegro to Cayman Islands have increased at an annualized rate of 396%,  from $551 in 2017 to $1.66M in 2022.

In 2022, Montenegro did not export any services to Cayman Islands.

Comparison In 2022,  Cayman Islands ranked 165 in total exports ($737M). That same year, Montenegro ranked 154 in total exports ($1.32B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Cayman Islands exported $1.55M to Montenegro. The main products exported from Cayman Islands to Montenegro were Recreational Boats ($1.55M), Plastic Building Materials ($39), and Electrical Lighting and Signalling Equipment ($22). During the last 5 years the exports of Cayman Islands to Montenegro have increased at an annualized rate of 323%, from $1.15k in 2017 to $1.55M in 2022.

In 2017, Montenegro exported $1.66M to Cayman Islands. The main products exported from Montenegro to Cayman Islands were Recreational Boats ($1.55M), Transmissions ($81.4k), and Boat Propellers ($14.8k). During the last 5 years the exports of Montenegro to Cayman Islands have increased at an annualized rate of 396%, from $551 in 2022 to $1.66M in 2017.

Exports from Cayman Islands (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to Cayman Islands (Flag) (2022)

Latest Data

Trade between Cayman Islands (Flag) and Montenegro (Flag)

Montenegro Exports

Market Competitiveness

Color
Cayman Islands
Top Destination
Malta$218M
Montenegro
Top Destination
South Korea$321M

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

In 2022, countries that imported more from Cayman Islands than Montenegro included Malta ($218M), Norway ($163M), and Seychelles ($121M).

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

Difference in imports from Montenegro (Flag) and Cayman Islands (Flag) (2022)

Comparative Advantage Cayman Islands - Montenegro

Flow
Scale

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

During 2022, Cayman Islands had a large net trade with Montenegro in the exports of Transportation ($1.55M), Plastics and Rubbers ($39), and Machines ($22).

During 2017, Montenegro had a large net trade with Cayman Islands in the exports of Transportation ($1.55M), Machines ($96.2k), and Instruments ($11.8k).

Economic Complexity

Competitive Landscape

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

Product Space of Cayman Islands (Flag) and Montenegro (Flag) (2022)

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