Flag Croatia / Montenegro Flag

2021
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Exports
: $276M, Rnk 19 / 185

2021
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Top Product
: $72.4M, Refined Petroleum

2021
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Exports
: $7.36M, Rnk 22 / 122

2021
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Top Product
: $1.62M, Orthopedic Appliances

2021
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Economic Complexity (ECI)
: ECI 0.81, Rnk 34 / 131

2021
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GDP
: $67.8B, CURRENT US$
Rnk 73 / 182

2011-2021
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GDP GROWTH
: 7.39%, CURRENT US$
Rnk 137 / 182

2021
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 GDP
: $5.81B, CURRENT US$
Rnk 148 / 182

2011-2021
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GDP GROWTH
: 27.8%, CURRENT US$
Rnk 92 / 182

2021
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GDP PC 
: $17,399, CURRENT US$
Rnk 48 / 182

2011-2021
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GDP PC GROWTH
: 17.9%, CURRENT US$
Rnk 77 / 182

2021
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GDP PC
: $9,367, CURRENT US$
Rnk 71 / 182

2011-2021
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GDP PC GROWTH
: 27.8%, CURRENT US$
Rnk 60 / 182

Croatia-Montenegro In 2021, Croatia exported $276M to Montenegro. The main products that Croatia exported to Montenegro are Refined Petroleum ($72.4M), Recreational Boats ($38.4M), and Cement ($20M). During the last 15 years the exports of Croatia to Montenegro have increased at an annualized rate of 14.1%, from $38M in 2006 to $276M in 2021.

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

Montenegro-Croatia In 2021, Montenegro exported $7.36M to Croatia. The main products that Montenegro exported to Croatia were Orthopedic Appliances ($1.62M), Rolled Tobacco ($631k), and Recreational Boats ($444k). During the last 15 years the exports of Montenegro to Croatia have decreased at an annualized rate of 1.78%, from $9.62M in 2006 to $7.36M in 2021.

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

Comparison In 2021,  Croatia ranked 34 in the Economic Complexity Index (ECI 0.81),  and 72 in total exports ($22.8B). That same year, Montenegro ranked 165 in total exports ($828M), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2021, Croatia exported $276M to Montenegro. The main products exported from Croatia to Montenegro were Refined Petroleum ($72.4M), Recreational Boats ($38.4M), and Cement ($20M). During the last 15 years the exports of Croatia to Montenegro have increased at an annualized rate of 14.1%, from $38M in 2006 to $276M in 2021.

In 2021, Montenegro exported $7.36M to Croatia. The main products exported from Montenegro to Croatia were Orthopedic Appliances ($1.62M), Rolled Tobacco ($631k), and Recreational Boats ($444k). During the last 15 years the exports of Montenegro to Croatia have decreased at an annualized rate of 1.78%, from $9.62M in 2006 to $7.36M in 2021.

Croatia Exports

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Montenegro Exports

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Market Competitiveness

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Color

Croatia
Top Destination
: Italy, $2.82B

Montenegro
Top Destination
: Serbia, $130M

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 ($2.82B), Germany ($2.63B), and Slovenia ($2.33B).

In 2021, countries that imported more from Montenegro than Croatia were Pakistan ($78.1M), South Korea ($47.2M), and Suriname ($1.43M).

Comparative Advantage Croatia - Montenegro

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Flow
Scale

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

During 2021, Croatia had a large net trade with Montenegro in the exports of Mineral Products ($97M), Transportation ($44.5M), and Foodstuffs ($34.7M).

During 2021, Montenegro had a large net trade with Croatia in the exports of Instruments ($1.97M), Foodstuffs ($1.48M), and Machines ($960k).

Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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.