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2023
Flag → Flag
Exports $67.5MRnk 5 / 130
2023
Flag → Flag
Top Product $27.2MElectricity
2023
Flag → Flag
Exports $283MRnk 7 / 159
2023
Flag → Flag
Top Product $58.4MElectricity
2023
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Economic Complexity (ECI) ECI 0.7Rnk 37 / 132
2023
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GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
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GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
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 GDP$27.5BCURRENT US$
Rnk 112 / 195
2013-2023
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GDP GROWTH51.4%CURRENT US$
Rnk 71 / 195
2023
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GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
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GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
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GDP PC$8,639CURRENT US$
Rnk 91 / 196
2013-2023
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GDP PC GROWTH71.6%CURRENT US$
Rnk 23 / 195

About

Montenegro-Bosnia and Herzegovina Trade: In 2023, Montenegro exported $67.5M to Bosnia and Herzegovina. The main products that Montenegro exported to Bosnia and Herzegovina were Electricity ($27.2M), Aluminium Ore ($11.5M), and Raw Aluminium ($5.26M). Over the past 5 years the exports of Montenegro to Bosnia and Herzegovina have increased at an annualized rate of 13%, from $36.6M in 2018 to $67.5M in 2023.

In 2023, Montenegro did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Montenegro Trade: In 2023, Bosnia and Herzegovina exported $283M to Montenegro. The main products that Bosnia and Herzegovina exported to Montenegro were Electricity ($58.4M), Lead Ore ($16.9M), and Milk ($16.4M). Over the past 5 years the exports of Bosnia and Herzegovina to Montenegro have increased at an annualized rate of 3.8%,  from $235M in 2018 to $283M in 2023.

In 2023, Bosnia and Herzegovina 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, Bosnia and Herzegovina ranked 37 in the Economic Complexity Index (ECI 0.7), and 105 in total exports ($9.67B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $67.5M to Bosnia and Herzegovina. The main products exported from Montenegro to Bosnia and Herzegovina were Electricity ($27.2M), Aluminium Ore ($11.5M), and Raw Aluminium ($5.26M). During the last 5 years the exports of Montenegro to Bosnia and Herzegovina have increased at an annualized rate of 13%, from $36.6M in 2018 to $67.5M in 2023.

In 2018, Bosnia and Herzegovina exported $283M to Montenegro. The main products exported from Bosnia and Herzegovina to Montenegro were Electricity ($58.4M), Lead Ore ($16.9M), and Milk ($16.4M). During the last 5 years the exports of Bosnia and Herzegovina to Montenegro have increased at an annualized rate of 3.8%, from $235M in 2023 to $283M in 2018.

Exports from Montenegro (Flag) to Bosnia and Herzegovina (Flag) (2023)

Exports from Bosnia and Herzegovina (Flag) to Montenegro (Flag) (2023)

Latest Data

Trade between Montenegro (Flag) and Bosnia and Herzegovina (Flag)

Montenegro Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Bosnia and Herzegovina
Top DestinationGermany$1.48B

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

In 2023, countries that imported more from Montenegro than Bosnia and Herzegovina included Spain ($91.1M), Hong Kong ($32.5M), and Luxembourg ($30.4M).

In 2023, countries that imported more from Bosnia and Herzegovina than Montenegro included Germany ($1.48B), Croatia ($1.39B), and Austria ($996M).

Difference in imports from Bosnia and Herzegovina (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - Bosnia and Herzegovina

Flow
Scale

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

During 2023, Montenegro had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($38.9M), Foodstuffs ($8.15M), and Metals ($7.31M).

During 2018, Bosnia and Herzegovina had a large net trade with Montenegro in the exports of Mineral Products ($83.7M), Metals ($57.7M), and Animal Products ($42.1M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Bosnia and Herzegovina (Flag) (2023)

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