2022
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GDP
$529BCURRENT US$
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2012-2022
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GDP GROWTH
135%CURRENT US$
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2022
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 GDP
$6.1BCURRENT US$
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2012-2022
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GDP GROWTH
49.1%CURRENT US$
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2022
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GDP PC 
$104,039CURRENT US$
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2012-2022
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GDP PC GROWTH
112%CURRENT US$
Rnk 7 / 186
2022
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GDP PC
$9,894CURRENT US$
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2012-2022
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GDP PC GROWTH
50.2%CURRENT US$
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About

Ireland-Montenegro In 2022, Ireland exported $9.23M to Montenegro. The main products that Ireland exported to Montenegro are Packaged Medicaments ($2.31M), Vaccines, blood, antisera, toxins and cultures ($1.65M), and Jewellery ($920k). During the last 16 years the exports of Ireland to Montenegro have increased at an annualized rate of 8.09%, from $2.66M in 2006 to $9.23M in 2022.

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

Montenegro-Ireland In 2022, Montenegro exported $36.6k to Ireland. The main products that Montenegro exported to Ireland were Diazo, Azo or Aoxy Compounds ($9.64k), Paintings ($6.31k), and Knit T-shirts ($3.19k). During the last 16 years the exports of Montenegro to Ireland have decreased at an annualized rate of 12.4%, from $307k in 2006 to $36.6k in 2022.

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

Comparison In 2022,  Ireland ranked 16 in the Economic Complexity Index (ECI 1.28),  and 31 in total exports ($236B). 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, Ireland exported $9.23M to Montenegro. The main products exported from Ireland to Montenegro were Packaged Medicaments ($2.31M), Vaccines, blood, antisera, toxins and cultures ($1.65M), and Jewellery ($920k). During the last 16 years the exports of Ireland to Montenegro have increased at an annualized rate of 8.09%, from $2.66M in 2006 to $9.23M in 2022.

In 2022, Montenegro exported $36.6k to Ireland. The main products exported from Montenegro to Ireland were Diazo, Azo or Aoxy Compounds ($9.64k), Paintings ($6.31k), and Knit T-shirts ($3.19k). During the last 16 years the exports of Montenegro to Ireland have decreased at an annualized rate of 12.4%, from $307k in 2006 to $36.6k in 2022.

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

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

Market Competitiveness

Color
Ireland
Top Destination
United States$70.7B
Montenegro
Top Destination
South Korea$321M

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 2021, countries that imported more from Ireland than Montenegro were United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

In 2021, countries that imported more from Montenegro than Ireland were Bosnia and Herzegovina ($95.5M), Serbia ($159M), and Albania ($21.9M).

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

Comparative Advantage Ireland - Montenegro

Flow
Scale

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

During 2022, Ireland had a large net trade with Montenegro in the exports of Chemical Products ($4.69M), Foodstuffs ($1.48M), and Instruments ($962k).

During 2022, Montenegro had a large net trade with Ireland in the exports of Chemical Products ($10.6k), Machines ($9.28k), and Arts and Antiques ($6.31k).

Economic Complexity

Competitive Landscape

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

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

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