Flag Montenegro / Costa Rica Flag

2020
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Exports
: $285k, Rnk 52 / 110

2020
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Top Product
: $282k, Broadcasting Equipment

2020
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Exports
: $1.59M, Rnk 92 / 168

2020
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Top Product
: $1.22M, Bananas

2020
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Economic Complexity (ECI)
: ECI 0.18, Rnk 50 / 127

2020
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GDP
: $4.78B, CURRENT US$
Rnk 159 / 204

2010-2020
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GDP GROWTH
: 15.4%, CURRENT US$
Rnk 133 / 204

2020
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 GDP
: $62.2B, CURRENT US$
Rnk 76 / 204

2010-2020
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GDP GROWTH
: 65.1%, CURRENT US$
Rnk 40 / 204

2020
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GDP PC 
: $7,695, CURRENT US$
Rnk 91 / 204

2010-2020
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GDP PC GROWTH
: 15%, CURRENT US$
Rnk 97 / 204

2020
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GDP PC
: $12,202, CURRENT US$
Rnk 73 / 204

2010-2020
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GDP PC GROWTH
: 48.3%, CURRENT US$
Rnk 32 / 204

Montenegro-Costa Rica In 2020, Montenegro exported $285k to Costa Rica. The main products that Montenegro exported to Costa Rica are Broadcasting Equipment ($282k) and Electric Heaters ($2.86k). During the last 7 years the exports of Montenegro to Costa Rica have increased at an annualized rate of 161%, from $343 in 2013 to $285k in 2020.

In 2020, Montenegro did not export any services to Costa Rica.

Costa Rica-Montenegro In 2020, Costa Rica exported $1.59M to Montenegro. The main products that Costa Rica exported to Montenegro were Bananas ($1.22M), Tropical Fruits ($156k), and Raw Sugar ($93.3k). During the last 7 years the exports of Costa Rica to Montenegro have increased at an annualized rate of 41.6%, from $140k in 2013 to $1.59M in 2020.

In 2020, Costa Rica did not export any services to Montenegro.

Comparison In 2020,  Montenegro ranked 167 in total exports ($508M), and does not have data regarding Economic Complexity Index. That same year, Costa Rica ranked 50 in the Economic Complexity Index (ECI 0.18), and 76 in total exports ($14B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Montenegro exported $285k to Costa Rica. The main products exported from Montenegro to Costa Rica were Broadcasting Equipment ($282k) and Electric Heaters ($2.86k). During the last 7 years the exports of Montenegro to Costa Rica have increased at an annualized rate of 161%, from $343 in 2013 to $285k in 2020.

In 2020, Costa Rica exported $1.59M to Montenegro. The main products exported from Costa Rica to Montenegro were Bananas ($1.22M), Tropical Fruits ($156k), and Raw Sugar ($93.3k). During the last 14 years the exports of Costa Rica to Montenegro have increased at an annualized rate of 41.6%, from $140k in 2006 to $1.59M in 2020.

Montenegro Exports

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Date

Costa Rica Exports

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Market Competitiveness

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Measure

Montenegro
Top Destination
: Serbia, $117M

Costa Rica
Top Destination
: United States, $5.19B

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

In 2019, countries that imported more from Montenegro than Costa Rica were Serbia ($117M), Pakistan ($38.3M), and Slovenia ($41.7M).

In 2019, countries that imported more from Costa Rica than Montenegro were United States ($5.19B), Netherlands ($1.33B), and Guatemala ($633M).

Comparative Advantage Montenegro - Costa Rica

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Flow

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

During 2020, Montenegro had a large net trade with Costa Rica in the exports of Machines ($285k).

During 2020, Costa Rica had a large net trade with Montenegro in the exports of Vegetable Products ($1.45M), Foodstuffs ($98.6k), and Machines ($24k).

Economic Complexity

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Competitive Landscape

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