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Pricing

2023
Flag → Flag
Exports $81.2MRnk 119 / 220
2023
Flag → Flag
Top Product $32.3MPig Meat
2023
Flag → Flag
Exports $91.1MRnk 3 / 130
2023
Flag → Flag
Top Product $86MRaw Aluminium
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 195
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 $33,509CURRENT US$
Rnk 40 / 195
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 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

Spain-Montenegro Trade: In 2023, Spain exported $81.2M to Montenegro. The main products that Spain exported to Montenegro were Pig Meat ($32.3M), Unglazed Ceramics ($5.74M), and Cars ($5.37M). Over the past 5 years the exports of Spain to Montenegro have increased at an annualized rate of 7.34%, from $57M in 2018 to $81.2M in 2023.

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

Montenegro-Spain Trade: In 2023, Montenegro exported $91.1M to Spain. The main products that Montenegro exported to Spain were Raw Aluminium ($86M), Transmissions ($2.39M), and Non-Knit Women's Suits ($1.76M). Over the past 5 years the exports of Montenegro to Spain have increased at an annualized rate of 143%,  from $1.08M in 2018 to $91.1M in 2023.

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

Comparison In 2023,  Spain ranked 31 in the Economic Complexity Index (ECI 0.86),  and 16 in total exports ($402B). 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, Spain exported €2.39M and imported €91.1k from Montenegro, resulting in a positive trade balance of €2.3M. Between December 2023 and December 2024 the exports of Spain have increased by €135k (5.99%) from €2.26M to €2.39M, while imports decreased by €-4.03M (-97.8%) from €4.12M to €91.1k.

Trade In December 2024, the top exports of Spain to Montenegro were Pig Meat (€399k), Aluminium Bars (€88.9k), Animal Fat (€71.5k), Confectionery Sugar (€68.7k), and Beauty Products (€66.6k). In December 2024 the top imports of Spain from Montenegro were Raw Aluminium (€14.9M), Transmissions (€146k), Centrifuges (€2.15k), Cleaning Products (€604), and Cameras (€410).

Origins In December 2024 the exports of Spain were mainly from Huesca (€384k), Barcelona (€319k), Zaragoza (€275k), Girona (€259k), and Castellón (€196k), while imports destinations were mainly Valencia (€39.9k), Málaga (€37.4k), Madrid (€10.5k), Alicante (€1.75k), and León (€522).

Growth In December 2024, the increase in Spain's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Confectionery Sugar (€68.6k or 65.3k%), Beauty Products (€35k or 111%), and Building Stone (€17k or 133%). In December 2024, the decrease in Spain's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in Transmissions (€-5.56k or -3.67%) and Commodities not elsewhere specified (€-175 or -62.6%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)€135k(5.99%)
IMPORT GROWTH (December 2023 - December 2024)€-4.03M(-97.8%)
MAIN EXPORTER (December 2024)Huesca€384k

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

To check Montenegro and Spain 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, Spain exported $81.2M to Montenegro. The main products exported from Spain to Montenegro were Pig Meat ($32.3M), Unglazed Ceramics ($5.74M), and Cars ($5.37M). During the last 5 years the exports of Spain to Montenegro have increased at an annualized rate of 7.34%, from $57M in 2018 to $81.2M in 2023.

In 2018, Montenegro exported $91.1M to Spain. The main products exported from Montenegro to Spain were Raw Aluminium ($86M), Transmissions ($2.39M), and Non-Knit Women's Suits ($1.76M). During the last 5 years the exports of Montenegro to Spain have increased at an annualized rate of 143%, from $1.08M in 2023 to $91.1M in 2018.

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

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

Market Competitiveness

Color
Spain
Top DestinationFrance$61.9B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Spain than Montenegro included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

In 2023, no countries were registered that imported more from Montenegro than from Spain.

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

Comparative Advantage Spain - Montenegro

Flow
Scale

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

During 2023, Spain had a large net trade with Montenegro in the exports of Animal Products ($36.7M), Transportation ($7.15M), and Stone And Glass ($6.89M).

During 2018, Montenegro had a large net trade with Spain in the exports of Metals ($86M), Machines ($2.61M), and Textiles ($1.79M).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

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