Flag Montenegro / Spain Flag

2020
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Exports
: $2.55M, Rnk 26 / 110

2020
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Top Product
: $814k, Other Steel Bars

2020
FlagFlag
Exports
: $36.4M, Rnk 130 / 218

2020
FlagFlag
Top Product
: $4.43M, Aluminium Oxide

2020
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Economic Complexity (ECI)
: ECI 0.76, Rnk 34 / 127

2020
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GDP
: $4.78B, CURRENT US$
Rnk 159 / 204

2010-2020
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GDP GROWTH
: 15.4%, CURRENT US$
Rnk 133 / 204

2020
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 GDP
: $1.28T, CURRENT US$
Rnk 14 / 204

2010-2020
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GDP GROWTH
: -9.89%, CURRENT US$
Rnk 182 / 204

2020
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GDP PC 
: $7,695, CURRENT US$
Rnk 91 / 204

2010-2020
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GDP PC GROWTH
: 15%, CURRENT US$
Rnk 97 / 204

2020
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GDP PC
: $27,056, CURRENT US$
Rnk 42 / 204

2010-2020
Flag
GDP PC GROWTH
: -11.4%, CURRENT US$
Rnk 171 / 204

Montenegro-Spain In 2020, Montenegro exported $2.55M to Spain. The main products that Montenegro exported to Spain are Other Steel Bars ($814k), Saturated Acyclic Monocarboxylic Acids ($664k), and Transmissions ($610k). During the last 14 years the exports of Montenegro to Spain have increased at an annualized rate of 23.3%, from $136k in 2006 to $2.55M in 2020.

In 2020, Montenegro did not export any services to Spain.

Spain-Montenegro In 2020, Spain exported $36.4M to Montenegro. The main products that Spain exported to Montenegro were Aluminium Oxide ($4.43M), Pig Meat ($3.89M), and Unglazed Ceramics ($2.82M). During the last 14 years the exports of Spain to Montenegro have increased at an annualized rate of 5.03%, from $18.3M in 2006 to $36.4M in 2020.

In 2020, Spain did not export any services to Montenegro.

Comparison In 2020,  Montenegro ranked 167 in total exports ($508M), and does not have data regarding Economic Complexity Index. That same year, Spain ranked 34 in the Economic Complexity Index (ECI 0.76), and 17 in total exports ($298B).

Historical Data

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Bilateral Trade by Products

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Depth
Value

In 2020, Montenegro exported $2.55M to Spain. The main products exported from Montenegro to Spain were Other Steel Bars ($814k), Saturated Acyclic Monocarboxylic Acids ($664k), and Transmissions ($610k). During the last 14 years the exports of Montenegro to Spain have increased at an annualized rate of 23.3%, from $136k in 2006 to $2.55M in 2020.

In 2020, Spain exported $36.4M to Montenegro. The main products exported from Spain to Montenegro were Aluminium Oxide ($4.43M), Pig Meat ($3.89M), and Unglazed Ceramics ($2.82M). During the last 14 years the exports of Spain to Montenegro have increased at an annualized rate of 5.03%, from $18.3M in 2006 to $36.4M in 2020.

Montenegro Exports

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Market Competitiveness

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Measure

Montenegro
Top Destination
: Serbia, $117M

Spain
Top Destination
: France, $47.6B

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, countries that imported more from Montenegro than Spain were Cocos (Keeling) Islands ($2.52k).

In 2019, countries that imported more from Spain than Montenegro were France ($47.6B), Germany ($34B), and Portugal ($23.8B).

Comparative Advantage Montenegro - Spain

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Flow
Scale

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

During 2020, Montenegro had a large net trade with Spain in the exports of Metals ($818k), Machines ($734k), and Chemical Products ($664k).

During 2020, Spain had a large net trade with Montenegro in the exports of Chemical Products ($6.93M), Animal Products ($5.23M), and Machines ($4.03M).

Economic Complexity

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Competitive Landscape

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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.