Croatia (HRV) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Croatia-Montenegro In 2022, Croatia exported $330M to Montenegro. The main products that Croatia exported to Montenegro are Refined Petroleum ($111M), Cement ($24.5M), and Recreational Boats ($14.3M). During the last 16 years the exports of Croatia to Montenegro have increased at an annualized rate of 14.3%, from $39M in 2006 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 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). During the last 16 years the exports of Montenegro to Croatia have increased at an annualized rate of 0.63%, from $9.62M in 2006 to $10.6M in 2022.

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

Comparison In 2022, Croatia ranked 32 in the Economic Complexity Index (ECI 0.81), 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 16 years the exports of Croatia to Montenegro have increased at an annualized rate of 14.3%, from $39M in 2006 to $330M in 2022.

In 2022, 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 16 years the exports of Montenegro to Croatia have increased at an annualized rate of 0.63%, from $9.62M in 2006 to $10.6M in 2022.

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

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

Latest Data

Trade between Croatia () and Montenegro ()

Croatia Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 2021, countries that imported more from Croatia than Montenegro were Italy ($3.44B), Slovenia ($2.87B), and Germany ($2.82B).

In 2021, countries that imported more from Montenegro than Croatia were South Korea ($321M), Luxembourg ($38.7M), and Hong Kong ($22.4M).

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

Comparative Advantage Croatia - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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 2022, Montenegro had a large net trade with Croatia in the exports of Instruments ($2.39M), Transportation ($2.19M), and Wood Products ($1.41M).

Service Trade

Bilateral Service Trade

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

Service trade data is presented based on availability.

Services Exports from Croatia () to Montenegro () (2009)

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Croatia () and Montenegro ()

Croatia Exports

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Croatia - Montenegro

Service Trade

Bilateral Service Trade

Services Exports from Croatia () to Montenegro () (2009)

Economic Complexity

Competitive Landscape

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

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