Greece (GRC) and Montenegro (MNE) Trade | OEC - The Observatory of Economic Complexity

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Greece-Montenegro In 2021, Greece exported $355M to Montenegro. The main products that Greece exported to Montenegro are Refined Petroleum ($278M), Aluminium Oxide ($25.6M), and Aluminium Bars ($7.11M). During the last 15 years the exports of Greece to Montenegro have increased at an annualized rate of 9.45%, from $91.6M in 2006 to $355M in 2021.

In 2021, Greece did not export any services to Montenegro.

Montenegro-Greece In 2021, Montenegro exported $14.9M to Greece. The main products that Montenegro exported to Greece were Aluminium Ore ($9.11M), Raw Aluminium ($3.66M), and Scrap Iron ($1.05M). During the last 15 years the exports of Montenegro to Greece have decreased at an annualized rate of 9.69%, from $68.6M in 2006 to $14.9M in 2021.

In 2021, Montenegro did not export any services to Greece.

Comparison In 2021, Greece ranked 50 in the Economic Complexity Index (ECI 0.32), and 44 in total exports ($82B). That same year, Montenegro ranked 165 in total exports ($828M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Greece exported $355M to Montenegro. The main products exported from Greece to Montenegro were Refined Petroleum ($278M), Aluminium Oxide ($25.6M), and Aluminium Bars ($7.11M). During the last 15 years the exports of Greece to Montenegro have increased at an annualized rate of 9.45%, from $91.6M in 2006 to $355M in 2021.

In 2021, Montenegro exported $14.9M to Greece. The main products exported from Montenegro to Greece were Aluminium Ore ($9.11M), Raw Aluminium ($3.66M), and Scrap Iron ($1.05M). During the last 15 years the exports of Montenegro to Greece have decreased at an annualized rate of 9.69%, from $68.6M in 2006 to $14.9M in 2021.

Latest Data

Greece Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

SectionYear

Greece
Top Destination: Italy, $6.8B

Montenegro
Top Destination: Serbia, $130M

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 ($6.8B), Germany ($6.09B), and Cyprus ($4.47B).

In 2021, countries that imported more from Montenegro than Greece were Suriname ($1.43M) and Norfolk Island ($950).

Comparative Advantage Greece - Montenegro

Flow

Scale

Year

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

During 2021, Greece had a large net trade with Montenegro in the exports of Mineral Products ($279M), Chemical Products ($29.2M), and Metals ($15.7M).

During 2021, Montenegro had a large net trade with Greece in the exports of Mineral Products ($9.12M), Metals ($4.72M), and Transportation ($333k).

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Latest Data

Greece Exports

Montenegro Exports

Market Competitiveness

Comparative Advantage Greece - Montenegro

Economic Complexity

Competitive Landscape

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