2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$72.8BCURRENT US$
Rnk 78 / 186
2012-2022
Flag
GDP GROWTH
10.8%CURRENT US$
Rnk 144 / 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
$7,905CURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP PC GROWTH
13.7%CURRENT US$
Rnk 101 / 186

About

Montenegro-Belarus Trade: In 2022, Montenegro exported $29.3k to Belarus. The main products that Montenegro exported to Belarus were Cars ($29.3k). Over the past 5 years the exports of Montenegro to Belarus have decreased at an annualized rate of 45.8%, from $625k in 2017 to $29.3k in 2022.

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

Belarus-Montenegro Trade: In 2022, Belarus exported $4.47M to Montenegro. The main products that Belarus exported to Montenegro were Delivery Trucks ($3.64M), Other Furniture ($212k), and Rubber Tires ($159k). Over the past 5 years the exports of Belarus to Montenegro have increased at an annualized rate of 55%,  from $500k in 2017 to $4.47M in 2022.

In 2014, Belarus exported services to Montenegro worth $45.4k, with Computer and information services ($44.9k), Government services, n.i.e. ($500), and Insurance services ($1) being the largest in terms of value.

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Belarus ranked 32 in the Economic Complexity Index (ECI 0.82), and 100 in total exports ($10.4B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $29.3k to Belarus. The main products exported from Montenegro to Belarus were Cars ($29.3k). During the last 5 years the exports of Montenegro to Belarus have decreased at an annualized rate of 45.8%, from $625k in 2017 to $29.3k in 2022.

In 2017, Belarus exported $4.47M to Montenegro. The main products exported from Belarus to Montenegro were Delivery Trucks ($3.64M), Other Furniture ($212k), and Rubber Tires ($159k). During the last 5 years the exports of Belarus to Montenegro have increased at an annualized rate of 55%, from $500k in 2022 to $4.47M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Belarus (Flag)

Montenegro Exports

Belarus Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Belarus
Top Destination
China$1.6B

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

In 2022, countries that imported more from Montenegro than Belarus included South Korea ($321M), Switzerland ($116M), and Italy ($125M).

In 2022, countries that imported more from Belarus than Montenegro included China ($1.6B), Ukraine ($1.29B), and Poland ($933M).

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

Comparative Advantage Montenegro - Belarus

Flow
Scale

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

During 2022, Montenegro had a large net trade with Belarus in the exports of Transportation ($29.3k).

During 2017, Belarus had a large net trade with Montenegro in the exports of Transportation ($3.64M), Miscellaneous ($356k), and Wood Products ($173k).

Economic Complexity

Competitive Landscape

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

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

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