Flag United Kingdom / Montenegro Flag

2021
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Exports
: $42.8M, Rnk 129 / 222

2021
FlagFlag
Top Product
: $11.3M, Recreational Boats

2021
FlagFlag
Exports
: $2.93M, Rnk 30 / 122

2021
FlagFlag
Top Product
: $1.25M, Transmissions

2021
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Economic Complexity (ECI)
: ECI 1.43, Rnk 11 / 131

2021
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GDP
: $3.19T, CURRENT US$
Rnk 5 / 182

2011-2021
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GDP GROWTH
: 19.1%, CURRENT US$
Rnk 110 / 182

2021
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 GDP
: $5.81B, CURRENT US$
Rnk 148 / 182

2011-2021
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GDP GROWTH
: 27.8%, CURRENT US$
Rnk 92 / 182

2021
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GDP PC 
: $47,334, CURRENT US$
Rnk 22 / 182

2011-2021
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GDP PC GROWTH
: 11.9%, CURRENT US$
Rnk 98 / 182

2021
Flag
GDP PC
: $9,367, CURRENT US$
Rnk 71 / 182

2011-2021
Flag
GDP PC GROWTH
: 27.8%, CURRENT US$
Rnk 60 / 182

United Kingdom-Montenegro In 2021, United Kingdom exported $42.8M to Montenegro. The main products that United Kingdom exported to Montenegro are Recreational Boats ($11.3M), Hard Liquor ($5.15M), and Cars ($3.85M). During the last 15 years the exports of United Kingdom to Montenegro have increased at an annualized rate of 5.33%, from $19.7M in 2006 to $42.8M in 2021.

In 2021, United Kingdom did not export any services to Montenegro.

Montenegro-United Kingdom In 2021, Montenegro exported $2.93M to United Kingdom. The main products that Montenegro exported to United Kingdom were Transmissions ($1.25M), Computers ($558k), and Lifting Machinery ($250k). During the last 15 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 2.64%, from $4.38M in 2006 to $2.93M in 2021.

In 2021, Montenegro did not export any services to United Kingdom.

Comparison In 2021,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.43),  and 13 in total exports ($420B). That same year, Montenegro ranked 165 in total exports ($828M), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, United Kingdom exported $42.8M to Montenegro. The main products exported from United Kingdom to Montenegro were Recreational Boats ($11.3M), Hard Liquor ($5.15M), and Cars ($3.85M). During the last 15 years the exports of United Kingdom to Montenegro have increased at an annualized rate of 5.33%, from $19.7M in 2006 to $42.8M in 2021.

In 2021, Montenegro exported $2.93M to United Kingdom. The main products exported from Montenegro to United Kingdom were Transmissions ($1.25M), Computers ($558k), and Lifting Machinery ($250k). During the last 15 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 2.64%, from $4.38M in 2006 to $2.93M in 2021.

Market Competitiveness

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Color

United Kingdom
Top Destination
: United States, $56.1B

Montenegro
Top Destination
: Serbia, $130M

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

In 2021, countries that imported more from United Kingdom than Montenegro were United States ($56.1B), Germany ($39.5B), and Netherlands ($34.6B).

In 2019, no countries were registered that imported more from Montenegro than from United Kingdom.

Comparative Advantage United Kingdom - Montenegro

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Flow
Scale

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

During 2021, United Kingdom had a large net trade with Montenegro in the exports of Transportation ($15.9M), Foodstuffs ($6.15M), and Machines ($6M).

During 2021, Montenegro had a large net trade with United Kingdom in the exports of Machines ($2.33M), Metals ($356k), and Chemical Products ($90.7k).

Economic Complexity

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Competitive Landscape

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This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more United Kingdom has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over United Kingdom.