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2022
Flag → Flag
Exports $385kRnk 52 / 123
2022
Flag → Flag
Top Product $281kBroadcasting Equipment
2022
Flag → Flag
Exports $1.48MRnk 115 / 188
2022
Flag → Flag
Top Product $322kOther Fermented Beverages
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH65.5%CURRENT US$
Rnk 34 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
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GDP PC$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH62.8%CURRENT US$
Rnk 23 / 186

About

Montenegro-Estonia Trade: In 2022, Montenegro exported $385k to Estonia. The main products that Montenegro exported to Estonia were Broadcasting Equipment ($281k), Building Stone ($90.8k), and Telephones ($3.3k). Over the past 5 years the exports of Montenegro to Estonia have increased at an annualized rate of 12.8%, from $211k in 2017 to $385k in 2022.

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

Estonia-Montenegro Trade: In 2022, Estonia exported $1.48M to Montenegro. The main products that Estonia exported to Montenegro were Other Fermented Beverages ($322k), Processed Fish ($294k), and Electrical Control Boards ($218k). Over the past 5 years the exports of Estonia to Montenegro have increased at an annualized rate of 12.5%,  from $821k in 2017 to $1.48M in 2022.

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

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B). That same year, Estonia ranked 74 in total exports ($23.1B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $385k to Estonia. The main products exported from Montenegro to Estonia were Broadcasting Equipment ($281k), Building Stone ($90.8k), and Telephones ($3.3k). During the last 5 years the exports of Montenegro to Estonia have increased at an annualized rate of 12.8%, from $211k in 2017 to $385k in 2022.

In 2017, Estonia exported $1.48M to Montenegro. The main products exported from Estonia to Montenegro were Other Fermented Beverages ($322k), Processed Fish ($294k), and Electrical Control Boards ($218k). During the last 5 years the exports of Estonia to Montenegro have increased at an annualized rate of 12.5%, from $821k in 2022 to $1.48M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Estonia (Flag)

Montenegro Exports

Estonia Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Estonia
Top DestinationFinland$3B

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

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

In 2022, countries that imported more from Estonia than Montenegro included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Comparative Advantage Montenegro - Estonia

Flow
Scale

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

During 2022, Montenegro had a large net trade with Estonia in the exports of Machines ($284k), Stone And Glass ($90.8k), and Chemical Products ($3.02k).

During 2017, Estonia had a large net trade with Montenegro in the exports of Foodstuffs ($736k), Machines ($306k), and Animal Products ($149k).

Economic Complexity

Competitive Landscape

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

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

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