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2022
Flag → Flag
Exports $330MRnk 16 / 182
2022
Flag → Flag
Top Product $111MRefined Petroleum
2022
Flag → Flag
Exports $10.6MRnk 20 / 123
2022
Flag → Flag
Top Product $2.26MOrthopedic Appliances
2022
Flag
Economic Complexity (ECI) ECI 0.8Rnk 34 / 133
2022
Flag  
GDP$71BCURRENT US$
Rnk 80 / 186
2012-2022
Flag
GDP GROWTH24%CURRENT US$
Rnk 113 / 186
2022
Flag
 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 $18,413CURRENT US$
Rnk 56 / 186
2012-2022
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GDP PC GROWTH37.3%CURRENT US$
Rnk 53 / 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

Croatia-Montenegro Trade: In 2022, Croatia exported $330M to Montenegro. The main products that Croatia exported to Montenegro were Refined Petroleum ($111M), Cement ($24.5M), and Recreational Boats ($14.3M). Over the past 5 years the exports of Croatia to Montenegro have increased at an annualized rate of 12.1%, from $187M in 2017 to $330M in 2022.

In 2009, Croatia exported services to Montenegro worth $42.3M, with Travel ($42.3M) being the largest in terms of value.

Montenegro-Croatia Trade: In 2022, Montenegro exported $10.6M to Croatia. The main products that Montenegro exported to Croatia were Orthopedic Appliances ($2.26M), Fuel Wood ($1.07M), and Tug Boats ($933k). Over the past 5 years the exports of Montenegro to Croatia have increased at an annualized rate of 7.54%,  from $6.88M in 2017 to $10.6M in 2022.

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

Comparison In 2022,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.8),  and 73 in total exports ($26B). 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, Croatia exported $330M to Montenegro. The main products exported from Croatia to Montenegro were Refined Petroleum ($111M), Cement ($24.5M), and Recreational Boats ($14.3M). During the last 5 years the exports of Croatia to Montenegro have increased at an annualized rate of 12.1%, from $187M in 2017 to $330M in 2022.

In 2017, Montenegro exported $10.6M to Croatia. The main products exported from Montenegro to Croatia were Orthopedic Appliances ($2.26M), Fuel Wood ($1.07M), and Tug Boats ($933k). During the last 5 years the exports of Montenegro to Croatia have increased at an annualized rate of 7.54%, from $6.88M in 2022 to $10.6M in 2017.

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

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

Latest Data

Trade between Croatia (Flag) and Montenegro (Flag)

Croatia Exports

Montenegro Exports

Market Competitiveness

Color
Croatia
Top DestinationItaly$3.44B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Croatia than Montenegro included Italy ($3.44B), Slovenia ($2.87B), and Germany ($2.82B).

In 2022, countries that imported more from Montenegro than Croatia included South Korea ($321M), Luxembourg ($38.7M), and Hong Kong ($22.4M).

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

Comparative Advantage Croatia - Montenegro

Flow
Scale

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

During 2022, Croatia had a large net trade with Montenegro in the exports of Mineral Products ($144M), Machines ($38.5M), and Foodstuffs ($37.6M).

During 2017, Montenegro had a large net trade with Croatia in the exports of Instruments ($2.39M), Transportation ($2.19M), and Wood Products ($1.41M).

Economic Complexity

Competitive Landscape

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

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

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