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2023
Flag → Flag
Exports $1.67MRnk 33 / 130
2023
Flag → Flag
Top Product $590kZinc Ore
2023
Flag → Flag
Exports $23.9MRnk 153 / 220
2023
Flag → Flag
Top Product $2.32MPig Meat
2023
Flag
Economic Complexity (ECI) ECI 1.23Rnk 20 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$645BCURRENT US$
Rnk 23 / 195
2013-2023
Flag
GDP GROWTH23%CURRENT US$
Rnk 132 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC$54,701CURRENT US$
Rnk 20 / 196
2013-2023
Flag
GDP PC GROWTH16.5%CURRENT US$
Rnk 113 / 195

About

Montenegro-Belgium Trade: In 2023, Montenegro exported $1.67M to Belgium. The main products that Montenegro exported to Belgium were Zinc Ore ($590k), Delivery Trucks ($225k), and Aluminium Structures ($153k). Over the past 5 years the exports of Montenegro to Belgium have decreased at an annualized rate of 17.6%, from $4.39M in 2018 to $1.67M in 2023.

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

Belgium-Montenegro Trade: In 2023, Belgium exported $23.9M to Montenegro. The main products that Belgium exported to Montenegro were Pig Meat ($2.32M), Petroleum Gas ($2.23M), and Other Frozen Vegetables ($2.08M). Over the past 5 years the exports of Belgium to Montenegro have increased at an annualized rate of 11.2%,  from $14M in 2018 to $23.9M in 2023.

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

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, Belgium ranked 20 in the Economic Complexity Index (ECI 1.23), and 13 in total exports ($437B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $1.67M to Belgium. The main products exported from Montenegro to Belgium were Zinc Ore ($590k), Delivery Trucks ($225k), and Aluminium Structures ($153k). During the last 5 years the exports of Montenegro to Belgium have decreased at an annualized rate of 17.6%, from $4.39M in 2018 to $1.67M in 2023.

In 2018, Belgium exported $23.9M to Montenegro. The main products exported from Belgium to Montenegro were Pig Meat ($2.32M), Petroleum Gas ($2.23M), and Other Frozen Vegetables ($2.08M). During the last 5 years the exports of Belgium to Montenegro have increased at an annualized rate of 11.2%, from $14M in 2023 to $23.9M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Belgium (Flag)

Montenegro Exports

Belgium Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Belgium
Top DestinationFrance$85.6B

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

In 2023, countries that imported more from Belgium than Montenegro included France ($85.6B), Netherlands ($67.3B), and Germany ($60.8B).

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

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 2023, Montenegro had a large net trade with Belgium in the exports of Mineral Products ($590k), Transportation ($372k), and Metals ($292k).

During 2018, Belgium had a large net trade with Montenegro in the exports of Foodstuffs ($4.99M), Chemical Products ($4.75M), and Animal Products ($2.69M).

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) (2023)

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