2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH
15.5%CURRENT US$
Rnk 136 / 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
$48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH
10.4%CURRENT US$
Rnk 115 / 186

About

Montenegro-Germany In 2022, Montenegro exported $37.1M to Germany. The main products that Montenegro exported to Germany are Packaged Medicaments ($7.69M), Stone Processing Machines ($7.59M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($4.27M). During the last 16 years the exports of Montenegro to Germany have increased at an annualized rate of 9.56%, from $8.6M in 2006 to $37.1M in 2022.

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

Germany-Montenegro In 2022, Germany exported $176M to Montenegro. The main products that Germany exported to Montenegro were Cars ($24.3M), Pig Meat ($13.5M), and Cheese ($12.8M). During the last 16 years the exports of Germany to Montenegro have increased at an annualized rate of 2.16%, from $125M in 2006 to $176M in 2022.

In 2022, Germany 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, Germany ranked 3 in the Economic Complexity Index (ECI 1.75), and 3 in total exports ($1.6T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $37.1M to Germany. The main products exported from Montenegro to Germany were Packaged Medicaments ($7.69M), Stone Processing Machines ($7.59M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($4.27M). During the last 16 years the exports of Montenegro to Germany have increased at an annualized rate of 9.56%, from $8.6M in 2006 to $37.1M in 2022.

In 2022, Germany exported $176M to Montenegro. The main products exported from Germany to Montenegro were Cars ($24.3M), Pig Meat ($13.5M), and Cheese ($12.8M). During the last 16 years the exports of Germany to Montenegro have increased at an annualized rate of 2.16%, from $125M in 2006 to $176M in 2022.

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

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

Latest Data

Trade between Montenegro (Flag) and Germany (Flag)

Montenegro Exports

Germany Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Germany
Top Destination
United States$153B

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

In 2019, no countries were registered that imported more from Montenegro than from Germany.

In 2021, countries that imported more from Germany than Montenegro were United States ($153B), France ($120B), and China ($109B).

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

Comparative Advantage Montenegro - Germany

Flow
Scale

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

During 2022, Montenegro had a large net trade with Germany in the exports of Machines ($9.58M), Chemical Products ($8.27M), and Transportation ($5.77M).

During 2022, Germany had a large net trade with Montenegro in the exports of Transportation ($39.9M), Machines ($29.9M), and Animal Products ($28.1M).

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

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

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