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2021
Flag → Flag
Exports $1.63kRnk 183 / 0
2021
Flag → Flag
Exports $575kRnk 61 / 121
2021
Flag → Flag
Top Product $315kRolled Tobacco
2023
Flag
Economic Complexity (ECI) ECI -0.42Rnk 82 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Montenegro-Cuba Trade: In 2021, Montenegro exported $1.63k to Cuba. The main products that Montenegro exported to Cuba were N/A. Over the past 5 years the exports of Montenegro to Cuba have decreased at an annualized rate of 50.6%, from $55.6k in 2016 to $1.63k in 2021.

In 2021, Montenegro did not export any services to Cuba.

Cuba-Montenegro Trade: In 2021, Cuba exported $575k to Montenegro. The main products that Cuba exported to Montenegro were Rolled Tobacco ($315k), Hard Liquor ($223k), and Crustaceans ($34.9k). Over the past 5 years the exports of Cuba to Montenegro have increased at an annualized rate of 11.7%,  from $330k in 2016 to $575k in 2021.

In 2021, Cuba 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, Cuba ranked 82 in the Economic Complexity Index (ECI -0.42), and 159 in total exports ($1.05B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2021, Montenegro exported $1.63k to Cuba. There were not main exports from Montenegro to Cuba in 2021. During the last 5 years the exports of Montenegro to Cuba have decreased at an annualized rate of 50.6%, from $55.6k in 2016 to $1.63k in 2021.

In 2018, Cuba exported $575k to Montenegro. The main products exported from Cuba to Montenegro were Rolled Tobacco ($315k), Hard Liquor ($223k), and Crustaceans ($34.9k). During the last 5 years the exports of Cuba to Montenegro have increased at an annualized rate of 11.7%, from $330k in 2023 to $575k in 2018.

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

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

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Cuba
Top DestinationChina$358M

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

In 2023, countries that imported more from Montenegro than Cuba included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

In 2023, countries that imported more from Cuba than Montenegro included China ($358M), Cyprus ($42.5M), and Spain ($129M).

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

Comparative Advantage Montenegro - Cuba

Flow
Scale

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

During 2021, Montenegro had a large net trade with Cuba in the exports of .

During 2018, Cuba had a large net trade with Montenegro in the exports of Foodstuffs ($538k), Animal Products ($34.9k), and Vegetable Products ($1.25k).

Economic Complexity

Competitive Landscape

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

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

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