Montenegro (MNE) and Cyprus (CYP) Trade | The Observatory of Economic Complexity

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Montenegro-Cyprus Trade: In 2022, Montenegro exported $87.9k to Cyprus. The main products that Montenegro exported to Cyprus were Wood Carpentry ($27.9k), Leather Apparel ($12.9k), and Motorcycles and cycles ($11.9k). Over the past 5 years the exports of Montenegro to Cyprus have decreased at an annualized rate of 30%, from $525k in 2017 to $87.9k in 2022.

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

Cyprus-Montenegro Trade: In 2022, Cyprus exported $2.03M to Montenegro. The main products that Cyprus exported to Montenegro were Magnesium ($1.04M), Hydrogen ($383k), and Packaged Medicaments ($317k). Over the past 5 years the exports of Cyprus to Montenegro have increased at an annualized rate of 8.74%, from $1.34M in 2017 to $2.03M in 2022.

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

Comparison In 2022, Montenegro ranked 154 in total exports ($1.32B). That same year, Cyprus ranked 125 in total exports ($4.91B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $87.9k to Cyprus. The main products exported from Montenegro to Cyprus were Wood Carpentry ($27.9k), Leather Apparel ($12.9k), and Motorcycles and cycles ($11.9k). During the last 5 years the exports of Montenegro to Cyprus have decreased at an annualized rate of 30%, from $525k in 2017 to $87.9k in 2022.

In 2017, Cyprus exported $2.03M to Montenegro. The main products exported from Cyprus to Montenegro were Magnesium ($1.04M), Hydrogen ($383k), and Packaged Medicaments ($317k). During the last 5 years the exports of Cyprus to Montenegro have increased at an annualized rate of 8.74%, from $1.34M in 2022 to $2.03M in 2017.

Exports from Montenegro () to Cyprus () (2022)

Exports from Cyprus () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Cyprus ()

Montenegro Exports

Date

Cyprus Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Cyprus
Top DestinationHong Kong$482M

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

In 2022, countries that imported more from Montenegro than Cyprus included South Korea ($321M), Serbia ($159M), and Switzerland ($116M).

In 2022, countries that imported more from Cyprus than Montenegro included Hong Kong ($482M), Greece ($471M), and Lebanon ($329M).

Difference in imports from Cyprus () and Montenegro () (2022)

Comparative Advantage Montenegro - Cyprus

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Cyprus in the exports of Wood Products ($29.9k), Machines ($18k), and Textiles ($13.1k).

During 2017, Cyprus had a large net trade with Montenegro in the exports of Metals ($1.04M), Chemical Products ($700k), and Miscellaneous ($237k).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Cyprus () (2022)

Exports from Cyprus () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Cyprus ()

Montenegro Exports

Cyprus Exports

Market Competitiveness

Difference in imports from Cyprus () and Montenegro () (2022)

Comparative Advantage Montenegro - Cyprus

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Montenegro () and Cyprus () (2022)

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