NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $58.4kRnk 83 / 130
2023
Flag → Flag
Top Product $42.7kElectrical Power Accessories
2023
Flag → Flag
Exports $26.3MRnk 144 / 221
2023
Flag → Flag
Top Product $7.78MCoffee
2023
Flag
Economic Complexity (ECI) ECI 0.31Rnk 49 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$2.17TCURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP GROWTH-12.1%CURRENT US$
Rnk 184 / 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$10,295CURRENT US$
Rnk 89 / 196
2013-2023
Flag
GDP PC GROWTH-17.4%CURRENT US$
Rnk 175 / 195

About

Montenegro-Brazil Trade: In 2023, Montenegro exported $58.4k to Brazil. The main products that Montenegro exported to Brazil were Electrical Power Accessories ($42.7k), Office Machine Parts ($6.73k), and Used Clothing ($4.95k). Over the past 5 years the exports of Montenegro to Brazil have decreased at an annualized rate of 16.9%, from $147k in 2018 to $58.4k in 2023.

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

Brazil-Montenegro Trade: In 2023, Brazil exported $26.3M to Montenegro. The main products that Brazil exported to Montenegro were Coffee ($7.78M), Poultry Meat ($5.69M), and Raw Sugar ($5.19M). Over the past 5 years the exports of Brazil to Montenegro have increased at an annualized rate of 10.5%,  from $16M in 2018 to $26.3M in 2023.

In 2023, Brazil 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, Brazil ranked 49 in the Economic Complexity Index (ECI 0.31), and 22 in total exports ($355B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $58.4k to Brazil. The main products exported from Montenegro to Brazil were Electrical Power Accessories ($42.7k), Office Machine Parts ($6.73k), and Used Clothing ($4.95k). During the last 5 years the exports of Montenegro to Brazil have decreased at an annualized rate of 16.9%, from $147k in 2018 to $58.4k in 2023.

In 2018, Brazil exported $26.3M to Montenegro. The main products exported from Brazil to Montenegro were Coffee ($7.78M), Poultry Meat ($5.69M), and Raw Sugar ($5.19M). During the last 5 years the exports of Brazil to Montenegro have increased at an annualized rate of 10.5%, from $16M in 2023 to $26.3M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Brazil (Flag)

Montenegro Exports

Brazil Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Brazil
Top DestinationChina$106B

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

In 2023, countries that imported more from Montenegro than Brazil included Serbia ($202M).

In 2023, countries that imported more from Brazil than Montenegro included China ($106B), United States ($37B), and Argentina ($17.2B).

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

Comparative Advantage Montenegro - Brazil

Flow
Scale

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

During 2023, Montenegro had a large net trade with Brazil in the exports of Machines ($50.7k), Textiles ($5.66k), and Instruments ($1.14k).

During 2018, Brazil had a large net trade with Montenegro in the exports of Animal Products ($9.01M), Vegetable Products ($8.46M), and Foodstuffs ($5.78M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Brazil (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms