NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $288MRnk 95 / 219
2023
Flag → Flag
Top Product $31.8MElectricity
2023
Flag → Flag
Exports $576MRnk 1 / 130
2023
Flag → Flag
Top Product $546MElectricity
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Italy-Montenegro Trade: In 2023, Italy exported $288M to Montenegro. The main products that Italy exported to Montenegro were Electricity ($31.8M), Lifting Machinery ($8.58M), and Recreational Boats ($7.47M). Over the past 5 years the exports of Italy to Montenegro have increased at an annualized rate of 5.14%, from $224M in 2018 to $288M in 2023.

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

Montenegro-Italy Trade: In 2023, Montenegro exported $576M to Italy. The main products that Montenegro exported to Italy were Electricity ($546M), Raw Aluminium ($6.93M), and Recreational Boats ($4.07M). Over the past 5 years the exports of Montenegro to Italy have increased at an annualized rate of 91.7%,  from $22.3M in 2018 to $576M in 2023.

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

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Italy exported €3.12M and imported €37.4M from Montenegro, resulting in a negative trade balance of €34.3M. Between October 2023 and October 2024 the exports of Italy have decreased by €-1.94M (-38.4%) from €5.06M to €3.12M, while imports decreased by €-12.3M (-24.8%) from €49.8M to €37.4M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)€-1.94M(-38.4%)
IMPORT GROWTH (October 2023 - October 2024)€-12.3M(-24.8%)

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

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

For full datasets download visit Bulk Download page.

Explore Montenegro and Italy Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $288M to Montenegro. The main products exported from Italy to Montenegro were Electricity ($31.8M), Lifting Machinery ($8.58M), and Recreational Boats ($7.47M). During the last 5 years the exports of Italy to Montenegro have increased at an annualized rate of 5.14%, from $224M in 2018 to $288M in 2023.

In 2018, Montenegro exported $576M to Italy. The main products exported from Montenegro to Italy were Electricity ($546M), Raw Aluminium ($6.93M), and Recreational Boats ($4.07M). During the last 5 years the exports of Montenegro to Italy have increased at an annualized rate of 91.7%, from $22.3M in 2023 to $576M in 2018.

Exports from Italy (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top DestinationGermany$71.4B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Italy than Montenegro included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Montenegro than from Italy.

Difference in imports from Montenegro (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Montenegro

Flow
Scale

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

During 2023, Italy had a large net trade with Montenegro in the exports of Machines ($47.8M), Mineral Products ($37.7M), and Foodstuffs ($33.8M).

During 2018, Montenegro had a large net trade with Italy in the exports of Mineral Products ($547M), Metals ($10.6M), and Wood Products ($6.2M).

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Montenegro (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms