Cyprus (CYP) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Cyprus-Montenegro Trade: In 2022, Cyprus exported $2.03M to Montenegro. The main products that Cyprus exported to Montenegro were Magnesium ($1.04M), Hydrogen ($383k), and Packaged Medicaments ($317k). Over the past 5 years the exports of Cyprus to Montenegro have increased at an annualized rate of 8.74%, from $1.34M in 2017 to $2.03M in 2022.

In 2022, Cyprus did not export any services to Montenegro.

Montenegro-Cyprus Trade: In 2022, Montenegro exported $87.9k to Cyprus. The main products that Montenegro exported to Cyprus were Wood Carpentry ($27.9k), Leather Apparel ($12.9k), and Motorcycles and cycles ($11.9k). Over the past 5 years the exports of Montenegro to Cyprus have decreased at an annualized rate of 30%, from $525k in 2017 to $87.9k in 2022.

In 2022, Montenegro did not export any services to Cyprus.

Comparison In 2022, Cyprus ranked 125 in total exports ($4.91B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Cyprus exported $2.03M to Montenegro. The main products exported from Cyprus to Montenegro were Magnesium ($1.04M), Hydrogen ($383k), and Packaged Medicaments ($317k). During the last 5 years the exports of Cyprus to Montenegro have increased at an annualized rate of 8.74%, from $1.34M in 2017 to $2.03M in 2022.

In 2017, Montenegro exported $87.9k to Cyprus. The main products exported from Montenegro to Cyprus were Wood Carpentry ($27.9k), Leather Apparel ($12.9k), and Motorcycles and cycles ($11.9k). During the last 5 years the exports of Montenegro to Cyprus have decreased at an annualized rate of 30%, from $525k in 2022 to $87.9k in 2017.

Exports from Cyprus () to Montenegro () (2022)

Exports from Montenegro () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Montenegro ()

Cyprus Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Cyprus
Top DestinationHong Kong$482M

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Cyprus than Montenegro included Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

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

Difference in imports from Montenegro () and Cyprus () (2022)

Comparative Advantage Cyprus - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Cyprus had a large net trade with Montenegro in the exports of Metals ($1.04M), Chemical Products ($700k), and Miscellaneous ($237k).

During 2017, Montenegro had a large net trade with Cyprus in the exports of Wood Products ($29.9k), Machines ($18k), and Textiles ($13.1k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Cyprus () to Montenegro () (2022)

Exports from Montenegro () to Cyprus () (2022)

Latest Data

Trade between Cyprus () and Montenegro ()

Cyprus Exports

Montenegro Exports

Market Competitiveness

Difference in imports from Montenegro () and Cyprus () (2022)

Comparative Advantage Cyprus - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Cyprus () and Montenegro () (2022)

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