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
$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH
17%CURRENT US$
Rnk 129 / 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
$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH
4.36%CURRENT US$
Rnk 130 / 186

About

Montenegro-Canada In 2022, Montenegro exported $5.49M to Canada. The main products that Montenegro exported to Canada are Electrical Lighting and Signalling Equipment ($3.33M), Electric Motors ($1.25M), and Wine ($176k). During the last 16 years the exports of Montenegro to Canada have increased at an annualized rate of 17%, from $442k in 2006 to $5.49M in 2022.

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

Canada-Montenegro In 2022, Canada exported $6.89M to Montenegro. The main products that Canada exported to Montenegro were Computers ($1.6M), Office Machine Parts ($1.53M), and Cars ($756k). During the last 16 years the exports of Canada to Montenegro have increased at an annualized rate of 10.9%, from $1.31M in 2006 to $6.89M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.85), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $5.49M to Canada. The main products exported from Montenegro to Canada were Electrical Lighting and Signalling Equipment ($3.33M), Electric Motors ($1.25M), and Wine ($176k). During the last 16 years the exports of Montenegro to Canada have increased at an annualized rate of 17%, from $442k in 2006 to $5.49M in 2022.

In 2022, Canada exported $6.89M to Montenegro. The main products exported from Canada to Montenegro were Computers ($1.6M), Office Machine Parts ($1.53M), and Cars ($756k). During the last 16 years the exports of Canada to Montenegro have increased at an annualized rate of 10.9%, from $1.31M in 2006 to $6.89M in 2022.

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

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

Latest Data

Trade between Montenegro (Flag) and Canada (Flag)

Montenegro Exports

Canada Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Canada
Top Destination
United States$438B

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

In 2021, countries that imported more from Montenegro than Canada were Serbia ($159M), Bosnia and Herzegovina ($95.5M), and North Macedonia ($8.7M).

In 2021, countries that imported more from Canada than Montenegro were United States ($438B), China ($25.4B), and Japan ($14.3B).

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

Comparative Advantage Montenegro - Canada

Flow
Scale

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

During 2022, Montenegro had a large net trade with Canada in the exports of Machines ($5.04M), Foodstuffs ($187k), and Paper Goods ($129k).

During 2022, Canada had a large net trade with Montenegro in the exports of Machines ($3.38M), Transportation ($926k), and Animal Products ($723k).

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 Canada. Similarly, the more yellow a dot/product is, the more Canada has comparative advantage over Montenegro.

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

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