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2022
Flag → Flag
Exports $317MRnk 40 / 208
2022
Flag → Flag
Top Product $279MRefined Petroleum
2022
Flag → Flag
Exports $12MRnk 18 / 123
2022
Flag → Flag
Top Product $7.94MRaw Aluminium
2022
Flag
Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
Flag  
GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
GDP GROWTH-9.49%CURRENT US$
Rnk 174 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $20,732CURRENT US$
Rnk 50 / 186
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
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Greece-Montenegro Trade: In 2022, Greece exported $317M to Montenegro. The main products that Greece exported to Montenegro were Refined Petroleum ($279M), Aluminium Bars ($4.89M), and Citrus ($2.24M). Over the past 5 years the exports of Greece to Montenegro have increased at an annualized rate of 16.3%, from $149M in 2017 to $317M in 2022.

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

Montenegro-Greece Trade: 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). Over the past 5 years the exports of Montenegro to Greece have increased at an annualized rate of 78.2%,  from $210k in 2017 to $12M in 2022.

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

Comparison In 2022,  Greece ranked 50 in the Economic Complexity Index (ECI 0.33),  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 5 years the exports of Greece to Montenegro have increased at an annualized rate of 16.3%, from $149M in 2017 to $317M in 2022.

In 2017, 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 5 years the exports of Montenegro to Greece have increased at an annualized rate of 78.2%, from $210k in 2022 to $12M in 2017.

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 DestinationItaly$5.82B
Montenegro
Top DestinationSouth 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 2022, countries that imported more from Greece than Montenegro included Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

In 2022, countries that imported more from Montenegro than Greece included 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 2017, 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 shows the product space at the HS4 level with the flags of Greece and Montenegro. This means that a dot/product with the flag of Greece indicates it has a comparative advantage over Montenegro. Similarly, a dot/product with the flag of Montenegro indicates it has a comparative advantage over Greece.

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

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