2022
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GDP
$4.23TCURRENT US$
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2012-2022
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GDP GROWTH
-32.5%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 
$33,815CURRENT US$
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2012-2022
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GDP PC GROWTH
-31.2%CURRENT US$
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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

Japan-Montenegro Trade: In 2022, Japan exported $33.5M to Montenegro. The main products that Japan exported to Montenegro were Cars ($6.48M), Large Construction Vehicles ($5.12M), and Delivery Trucks ($4.65M). Over the past 5 years the exports of Japan to Montenegro have decreased at an annualized rate of 8.02%, from $50.9M in 2017 to $33.5M in 2022.

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

Montenegro-Japan Trade: In 2022, Montenegro exported $363k to Japan. The main products that Montenegro exported to Japan were Transmissions ($303k), Wine ($26.2k), and Low-voltage Protection Equipment ($8.72k). Over the past 5 years the exports of Montenegro to Japan have decreased at an annualized rate of 24.8%,  from $1.51M in 2017 to $363k in 2022.

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

Comparison In 2022,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07),  and 4 in total exports ($728B). 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, Japan exported $33.5M to Montenegro. The main products exported from Japan to Montenegro were Cars ($6.48M), Large Construction Vehicles ($5.12M), and Delivery Trucks ($4.65M). During the last 5 years the exports of Japan to Montenegro have decreased at an annualized rate of 8.02%, from $50.9M in 2017 to $33.5M in 2022.

In 2017, Montenegro exported $363k to Japan. The main products exported from Montenegro to Japan were Transmissions ($303k), Wine ($26.2k), and Low-voltage Protection Equipment ($8.72k). During the last 5 years the exports of Montenegro to Japan have decreased at an annualized rate of 24.8%, from $1.51M in 2022 to $363k in 2017.

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

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

Market Competitiveness

Color
Japan
Top Destination
United States$137B
Montenegro
Top Destination
South Korea$321M

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

In 2022, countries that imported more from Japan than Montenegro included United States ($137B), China ($135B), and South Korea ($50.8B).

In 2022, countries that imported more from Montenegro than Japan included Bosnia and Herzegovina ($95.5M), Albania ($21.9M), and San Marino ($2.1M).

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

Comparative Advantage Japan - Montenegro

Flow
Scale

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

During 2022, Japan had a large net trade with Montenegro in the exports of Transportation ($12.8M), Machines ($10.9M), and Metals ($4.65M).

During 2017, Montenegro had a large net trade with Japan in the exports of Machines ($316k), Foodstuffs ($27.3k), and Textiles ($9.37k).

Economic Complexity

Competitive Landscape

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

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

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