2023
Flag  
GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP
$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH
-4.87%CURRENT US$
Rnk 176 / 195
2023
Flag
GDP PC 
$12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC
$6,947CURRENT US$
Rnk 104 / 196
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195

About

Montenegro-Colombia Trade: In 2023, Montenegro exported $731 to Colombia. The main products that Montenegro exported to Colombia were Leather Footwear ($515) and Broadcasting Equipment ($216). Over the past 5 years the exports of Montenegro to Colombia have increased at an annualized rate of 40.8%, from $132 in 2018 to $731 in 2023.

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

Colombia-Montenegro Trade: In 2023, Colombia exported $1.39M to Montenegro. The main products that Colombia exported to Montenegro were Bananas ($702k), Cut Flowers ($396k), and Raw Sugar ($238k). Over the past 5 years the exports of Colombia to Montenegro have increased at an annualized rate of 1.01%,  from $1.32M in 2018 to $1.39M in 2023.

In 2023, Colombia 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, Colombia ranked 51 in the Economic Complexity Index (ECI 0.23), and 54 in total exports ($54.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $731 to Colombia. The main products exported from Montenegro to Colombia were Leather Footwear ($515) and Broadcasting Equipment ($216). During the last 5 years the exports of Montenegro to Colombia have increased at an annualized rate of 40.8%, from $132 in 2018 to $731 in 2023.

In 2018, Colombia exported $1.39M to Montenegro. The main products exported from Colombia to Montenegro were Bananas ($702k), Cut Flowers ($396k), and Raw Sugar ($238k). During the last 5 years the exports of Colombia to Montenegro have increased at an annualized rate of 1.01%, from $1.32M in 2023 to $1.39M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Colombia (Flag)

Montenegro Exports

Colombia Exports

Market Competitiveness

Color
Montenegro
Top Destination
Italy$576M
Colombia
Top Destination
United States$14.8B

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

In 2023, countries that imported more from Montenegro than Colombia included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Luxembourg ($30.4M).

In 2023, countries that imported more from Colombia than Montenegro included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

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

Comparative Advantage Montenegro - Colombia

Flow
Scale

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

During 2023, Montenegro had a large net trade with Colombia in the exports of Footwear and Headwear ($515) and Machines ($216).

During 2018, Colombia had a large net trade with Montenegro in the exports of Vegetable Products ($1.12M), Foodstuffs ($247k), and Chemical Products ($8.3k).

Economic Complexity

Competitive Landscape

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

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

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