2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 25 / 186
2012-2022
Flag
GDP GROWTH
16.6%CURRENT US$
Rnk 131 / 186
2022
Flag
GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC
$49,583CURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP PC GROWTH
11%CURRENT US$
Rnk 112 / 186

About

Montenegro-Belgium In 2022, Montenegro exported $778k to Belgium. The main products that Montenegro exported to Belgium are Delivery Trucks ($458k), Small Iron Containers ($61.4k), and Tractors ($46.3k). During the last 16 years the exports of Montenegro to Belgium have increased at an annualized rate of 7.25%, from $254k in 2006 to $778k in 2022.

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

Belgium-Montenegro 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). During the last 16 years the exports of Belgium to Montenegro have increased at an annualized rate of 4.58%, from $11.4M in 2006 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 17 in the Economic Complexity Index (ECI 1.28), 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 16 years the exports of Montenegro to Belgium have increased at an annualized rate of 7.25%, from $254k in 2006 to $778k in 2022.

In 2022, 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 16 years the exports of Belgium to Montenegro have increased at an annualized rate of 4.58%, from $11.4M in 2006 to $23.3M in 2022.

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 Destination
South Korea$321M
Belgium
Top Destination
Germany$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 2019, no countries were registered that imported more from Montenegro than from Belgium.

In 2021, countries that imported more from Belgium than Montenegro were 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 2022, 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 show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Montenegro has comparative advantage over Belgium. Similarly, the more yellow a dot/product is, the more Belgium has comparative advantage over Montenegro.

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

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