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2022
Flag → Flag
Exports $378MRnk 86 / 221
2022
Flag → Flag
Top Product $179MElectricity
2022
Flag → Flag
Exports $125MRnk 3 / 123
2022
Flag → Flag
Top Product $82.5MElectricity
2022
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Economic Complexity (ECI) ECI 1.29Rnk 17 / 133
2022
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GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Italy-Montenegro Trade: In 2022, Italy exported $378M to Montenegro. The main products that Italy exported to Montenegro were Electricity ($179M), Recreational Boats ($18.7M), and Other Furniture ($6.74M). Over the past 5 years the exports of Italy to Montenegro have increased at an annualized rate of 15.5%, from $184M in 2017 to $378M in 2022.

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

Montenegro-Italy Trade: In 2022, Montenegro exported $125M to Italy. The main products that Montenegro exported to Italy were Electricity ($82.5M), Raw Aluminium ($18.6M), and Scrap Copper ($2.59M). Over the past 5 years the exports of Montenegro to Italy have increased at an annualized rate of 9.23%,  from $17.9M in 2017 to $125M in 2022.

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

Comparison In 2022,  Italy ranked 17 in the Economic Complexity Index (ECI 1.29),  and 7 in total exports ($634B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

July, 2024

About

Overview In July 2024, Italy exported €7.07M and imported €20.6M from Montenegro, resulting in a negative trade balance of €13.5M. Between July 2023 and July 2024 the exports of Italy have decreased by €-4.55M (-39.1%) from €11.6M to €7.07M, while imports decreased by €-7.82M (-27.6%) from €28.4M to €20.6M.

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (July 2023 - July 2024)€-4.55M(-39.1%)
IMPORT GROWTH (July 2023 - July 2024)€-7.82M(-27.6%)

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 2022, Italy exported $378M to Montenegro. The main products exported from Italy to Montenegro were Electricity ($179M), Recreational Boats ($18.7M), and Other Furniture ($6.74M). During the last 5 years the exports of Italy to Montenegro have increased at an annualized rate of 15.5%, from $184M in 2017 to $378M in 2022.

In 2017, Montenegro exported $125M to Italy. The main products exported from Montenegro to Italy were Electricity ($82.5M), Raw Aluminium ($18.6M), and Scrap Copper ($2.59M). During the last 5 years the exports of Montenegro to Italy have increased at an annualized rate of 9.23%, from $17.9M in 2022 to $125M in 2017.

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

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

Market Competitiveness

Color
Italy
Top DestinationGermany$78.5B
Montenegro
Top DestinationSouth Korea$321M

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 2022, countries that imported more from Italy than Montenegro included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

In 2022, no countries were registered that imported more from Montenegro than from Italy.

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

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 2022, Italy had a large net trade with Montenegro in the exports of Mineral Products ($183M), Machines ($31.9M), and Transportation ($26M).

During 2017, Montenegro had a large net trade with Italy in the exports of Mineral Products ($83.3M), Metals ($22.6M), and Machines ($6.25M).

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) (2022)

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