2022
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GDP
$6.1BCURRENT US$
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2012-2022
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GDP GROWTH
49.1%CURRENT US$
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2022
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 GDP
$1.4TCURRENT US$
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2012-2022
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GDP GROWTH
5.49%CURRENT US$
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2022
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GDP PC 
$9,894CURRENT US$
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2012-2022
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GDP PC GROWTH
50.2%CURRENT US$
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2022
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GDP PC
$29,350CURRENT US$
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2012-2022
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GDP PC GROWTH
3.63%CURRENT US$
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About

Montenegro-Spain In 2022, Montenegro exported $33.5M to Spain. The main products that Montenegro exported to Spain are Raw Aluminium ($27.7M), Transmissions ($3.14M), and Iron Powder ($672k). During the last 16 years the exports of Montenegro to Spain have increased at an annualized rate of 41.1%, from $136k in 2006 to $33.5M in 2022.

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

Spain-Montenegro In 2022, Spain exported $49.3M to Montenegro. The main products that Spain exported to Montenegro were Pig Meat ($8.88M), Unglazed Ceramics ($5.28M), and Non-Knit Women's Suits ($2.2M). During the last 16 years the exports of Spain to Montenegro have increased at an annualized rate of 6.39%, from $18.3M in 2006 to $49.3M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.8), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $33.5M to Spain. The main products exported from Montenegro to Spain were Raw Aluminium ($27.7M), Transmissions ($3.14M), and Iron Powder ($672k). During the last 16 years the exports of Montenegro to Spain have increased at an annualized rate of 41.1%, from $136k in 2006 to $33.5M in 2022.

In 2022, Spain exported $49.3M to Montenegro. The main products exported from Spain to Montenegro were Pig Meat ($8.88M), Unglazed Ceramics ($5.28M), and Non-Knit Women's Suits ($2.2M). During the last 16 years the exports of Spain to Montenegro have increased at an annualized rate of 6.39%, from $18.3M in 2006 to $49.3M in 2022.

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

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

Latest Data

Trade between Montenegro (Flag) and Spain (Flag)

Montenegro Exports

Spain Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Spain
Top Destination
France$65.2B

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

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

In 2021, countries that imported more from Spain than Montenegro were France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Montenegro - Spain

Flow
Scale

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

During 2022, Montenegro had a large net trade with Spain in the exports of Metals ($28.4M), Machines ($3.33M), and Mineral Products ($839k).

During 2022, Spain had a large net trade with Montenegro in the exports of Animal Products ($11.7M), Textiles ($6.94M), and Stone And Glass ($6.06M).

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

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

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