Ireland (IRL) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Ireland-Montenegro Trade: In 2023, Ireland exported $12.8M to Montenegro. The main products that Ireland exported to Montenegro were Packaged Medicaments ($4.56M), Malt Extract ($1.54M), and Other Plastic Products ($1.12M). Over the past 5 years the exports of Ireland to Montenegro have increased at an annualized rate of 18.2%, from $5.55M in 2018 to $12.8M in 2023.

In 2023, Ireland did not export any services to Montenegro.

Montenegro-Ireland Trade: In 2023, Montenegro exported $59.9k to Ireland. The main products that Montenegro exported to Ireland were Insulated Wire ($17.8k), Motor vehicles; parts and accessories (8701 to 8705) ($11.5k), and Knit T-shirts ($4.05k). Over the past 5 years the exports of Montenegro to Ireland have increased at an annualized rate of 26.4%, from $18.6k in 2018 to $59.9k in 2023.

In 2023, Montenegro did not export any services to Ireland.

Comparison In 2023, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

N/A

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Overview In N/A, Ireland exported €N/A and imported €N/A from Montenegro, resulting in a N/A trade balance of €N/A. Between N/A and N/A the exports of Ireland have N/A by €N/A (N/A) from €N/A to €N/A, while imports N/A by €N/A (N/A) from €N/A to €N/A.

Trade In N/A, the top exports of Ireland to Montenegro were . In N/A the top imports of Ireland from Montenegro were .

Growth In N/A, the N/A in Ireland's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in . In N/A, the N/A in Ireland's year-by-year imports from Montenegro was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

This section shows exports and imports data at subnational level for Ireland. Click any date in the line plot or any product to explore the exports or imports behavior of Ireland over time.

To check Montenegro and Ireland trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Ireland exported $12.8M to Montenegro. The main products exported from Ireland to Montenegro were Packaged Medicaments ($4.56M), Malt Extract ($1.54M), and Other Plastic Products ($1.12M). During the last 5 years the exports of Ireland to Montenegro have increased at an annualized rate of 18.2%, from $5.55M in 2018 to $12.8M in 2023.

In 2018, Montenegro exported $59.9k to Ireland. The main products exported from Montenegro to Ireland were Insulated Wire ($17.8k), Motor vehicles; parts and accessories (8701 to 8705) ($11.5k), and Knit T-shirts ($4.05k). During the last 5 years the exports of Montenegro to Ireland have increased at an annualized rate of 26.4%, from $18.6k in 2023 to $59.9k in 2018.

Exports from Ireland () to Montenegro () (2023)

Exports from Montenegro () to Ireland () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ireland
Top DestinationUnited States$67.4B

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Ireland than Montenegro included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

In 2023, countries that imported more from Montenegro than Ireland included Bosnia and Herzegovina ($67.5M) and Serbia ($202M).

Difference in imports from Montenegro () and Ireland () (2023)

Comparative Advantage Ireland - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Ireland had a large net trade with Montenegro in the exports of Chemical Products ($6.21M), Foodstuffs ($2.85M), and Plastics and Rubbers ($1.24M).

During 2018, Montenegro had a large net trade with Ireland in the exports of Machines ($28.9k), Transportation ($11.5k), and Textiles ($7.69k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Ireland () to Montenegro () (2023)

Exports from Montenegro () to Ireland () (2023)

Market Competitiveness

Difference in imports from Montenegro () and Ireland () (2023)

Comparative Advantage Ireland - Montenegro

Economic Complexity

Competitive Landscape

Product Space of Ireland () and Montenegro () (2023)

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