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2022
Flag → Flag
Exports $417kRnk 50 / 123
2022
Flag → Flag
Top Product $214kChocolate
2022
Flag → Flag
Exports $5.02MRnk 93 / 170
2022
Flag → Flag
Top Product $4.02MBananas
2022
Flag
Economic Complexity (ECI) ECI -0.96Rnk 109 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$115BCURRENT US$
Rnk 62 / 186
2012-2022
Flag
GDP GROWTH30.9%CURRENT US$
Rnk 98 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC$6,391CURRENT US$
Rnk 101 / 186
2012-2022
Flag
GDP PC GROWTH12.6%CURRENT US$
Rnk 106 / 186

About

Montenegro-Ecuador Trade: In 2022, Montenegro exported $417k to Ecuador. The main products that Montenegro exported to Ecuador were Chocolate ($214k), Scented Mixtures ($56.6k), and Pesticides ($41.6k). Over the past 5 years the exports of Montenegro to Ecuador have increased at an annualized rate of 407%, from $125 in 2017 to $417k in 2022.

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

Ecuador-Montenegro Trade: In 2022, Ecuador exported $5.02M to Montenegro. The main products that Ecuador exported to Montenegro were Bananas ($4.02M), Crustaceans ($798k), and Cut Flowers ($102k). Over the past 5 years the exports of Ecuador to Montenegro have increased at an annualized rate of 0.35%,  from $4.94M in 2017 to $5.02M in 2022.

In 2022, Ecuador 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, Ecuador ranked 109 in the Economic Complexity Index (ECI -0.96), and 68 in total exports ($36B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $417k to Ecuador. The main products exported from Montenegro to Ecuador were Chocolate ($214k), Scented Mixtures ($56.6k), and Pesticides ($41.6k). During the last 5 years the exports of Montenegro to Ecuador have increased at an annualized rate of 407%, from $125 in 2017 to $417k in 2022.

In 2017, Ecuador exported $5.02M to Montenegro. The main products exported from Ecuador to Montenegro were Bananas ($4.02M), Crustaceans ($798k), and Cut Flowers ($102k). During the last 5 years the exports of Ecuador to Montenegro have increased at an annualized rate of 0.35%, from $4.94M in 2022 to $5.02M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Ecuador (Flag)

Montenegro Exports

Date

Ecuador Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Ecuador
Top DestinationUnited States$9.86B

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

In 2022, countries that imported more from Montenegro than Ecuador included Serbia ($159M), South Korea ($321M), and Bosnia and Herzegovina ($95.5M).

In 2022, countries that imported more from Ecuador than Montenegro included United States ($9.86B), China ($6.17B), and Panama ($4.97B).

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

Comparative Advantage Montenegro - Ecuador

Flow
Scale

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

During 2022, Montenegro had a large net trade with Ecuador in the exports of Foodstuffs ($214k), Chemical Products ($169k), and Machines ($17k).

During 2017, Ecuador had a large net trade with Montenegro in the exports of Vegetable Products ($4.12M), Animal Products ($806k), and Foodstuffs ($89.5k).

Economic Complexity

Competitive Landscape

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

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

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