2022
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GDP
$219BCURRENT US$
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2012-2022
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GDP GROWTH
-9.49%CURRENT US$
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2022
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 GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH
49.1%CURRENT US$
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2022
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GDP PC 
$20,732CURRENT US$
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2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186
2022
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GDP PC
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH
50.2%CURRENT US$
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About

Greece-Montenegro In 2022, Greece exported $317M to Montenegro. The main products that Greece exported to Montenegro are Refined Petroleum ($279M), Aluminium Bars ($4.89M), and Citrus ($2.24M). During the last 16 years the exports of Greece to Montenegro have increased at an annualized rate of 8.11%, from $91.2M in 2006 to $317M in 2022.

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

Montenegro-Greece In 2022, Montenegro exported $12M to Greece. The main products that Montenegro exported to Greece were Raw Aluminium ($7.94M), Aluminium Ore ($2.53M), and Tug Boats ($705k). During the last 16 years the exports of Montenegro to Greece have decreased at an annualized rate of 10.4%, from $68.7M in 2006 to $12M in 2022.

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

Comparison In 2022,  Greece ranked 47 in the Economic Complexity Index (ECI 0.32),  and 57 in total exports ($55.7B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Greece exported $317M to Montenegro. The main products exported from Greece to Montenegro were Refined Petroleum ($279M), Aluminium Bars ($4.89M), and Citrus ($2.24M). During the last 16 years the exports of Greece to Montenegro have increased at an annualized rate of 8.11%, from $91.2M in 2006 to $317M in 2022.

In 2022, Montenegro exported $12M to Greece. The main products exported from Montenegro to Greece were Raw Aluminium ($7.94M), Aluminium Ore ($2.53M), and Tug Boats ($705k). During the last 16 years the exports of Montenegro to Greece have decreased at an annualized rate of 10.4%, from $68.7M in 2006 to $12M in 2022.

Exports from Greece (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to Greece (Flag) (2022)

Latest Data

Trade between Greece (Flag) and Montenegro (Flag)

Greece Exports

Montenegro Exports

Market Competitiveness

Color
Greece
Top Destination
Italy$5.82B
Montenegro
Top Destination
South Korea$321M

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

In 2021, countries that imported more from Greece than Montenegro were Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

In 2021, countries that imported more from Montenegro than Greece were San Marino ($2.1M) and Eswatini ($16.9k).

Difference in imports from Montenegro (Flag) and Greece (Flag) (2022)

Comparative Advantage Greece - Montenegro

Flow
Scale

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

During 2022, Greece had a large net trade with Montenegro in the exports of Mineral Products ($280M), Metals ($11.2M), and Vegetable Products ($5.16M).

During 2022, Montenegro had a large net trade with Greece in the exports of Metals ($7.94M), Mineral Products ($2.54M), and Transportation ($810k).

Economic Complexity

Competitive Landscape

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 Greece has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Greece.

Product Space of Greece (Flag) and Montenegro (Flag) (2022)

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