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2022
Flag → Flag
Exports $778kRnk 42 / 123
2022
Flag → Flag
Top Product $458kDelivery Trucks
2022
Flag → Flag
Exports $23.3MRnk 147 / 222
2022
Flag → Flag
Top Product $4.83MPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI 1.25Rnk 19 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH11%CURRENT US$
Rnk 112 / 186

About

Montenegro-Belgium Trade: In 2022, Montenegro exported $778k to Belgium. The main products that Montenegro exported to Belgium were Delivery Trucks ($458k), Small Iron Containers ($61.4k), and Tractors ($46.3k). Over the past 5 years the exports of Montenegro to Belgium have decreased at an annualized rate of 41.5%, from $11.4M in 2017 to $778k in 2022.

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

Belgium-Montenegro Trade: In 2022, Belgium exported $23.3M to Montenegro. The main products that Belgium exported to Montenegro were Petroleum Gas ($4.83M), Pig Meat ($1.7M), and Packaged Medicaments ($1.67M). Over the past 5 years the exports of Belgium to Montenegro have increased at an annualized rate of 11.6%,  from $13.5M in 2017 to $23.3M in 2022.

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

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $778k to Belgium. The main products exported from Montenegro to Belgium were Delivery Trucks ($458k), Small Iron Containers ($61.4k), and Tractors ($46.3k). During the last 5 years the exports of Montenegro to Belgium have decreased at an annualized rate of 41.5%, from $11.4M in 2017 to $778k in 2022.

In 2017, Belgium exported $23.3M to Montenegro. The main products exported from Belgium to Montenegro were Petroleum Gas ($4.83M), Pig Meat ($1.7M), and Packaged Medicaments ($1.67M). During the last 5 years the exports of Belgium to Montenegro have increased at an annualized rate of 11.6%, from $13.5M in 2022 to $23.3M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Belgium (Flag)

Montenegro Exports

Belgium Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Belgium
Top DestinationGermany$91.9B

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

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

In 2022, countries that imported more from Belgium than Montenegro included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Montenegro - Belgium

Flow
Scale

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

During 2022, Montenegro had a large net trade with Belgium in the exports of Transportation ($537k), Metals ($108k), and Machines ($83.5k).

During 2017, Belgium had a large net trade with Montenegro in the exports of Mineral Products ($5.42M), Chemical Products ($4.57M), and Foodstuffs ($3.2M).

Economic Complexity

Competitive Landscape

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

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

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