2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$38.1BCURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP GROWTH
65.5%CURRENT US$
Rnk 34 / 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
$28,333CURRENT US$
Rnk 41 / 186
2012-2022
Flag
GDP PC GROWTH
62.8%CURRENT US$
Rnk 23 / 186

About

Montenegro-Estonia In 2022, Montenegro exported $385k to Estonia. The main products that Montenegro exported to Estonia are Broadcasting Equipment ($281k), Building Stone ($90.8k), and Telephones ($3.3k). During the last 15 years the exports of Montenegro to Estonia have increased at an annualized rate of 24.1%, from $15k in 2007 to $385k in 2022.

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

Estonia-Montenegro 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). During the last 15 years the exports of Estonia to Montenegro have increased at an annualized rate of 16.5%, from $149k in 2007 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 15 years the exports of Montenegro to Estonia have increased at an annualized rate of 24.1%, from $15k in 2007 to $385k in 2022.

In 2022, 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 16 years the exports of Estonia to Montenegro have increased at an annualized rate of 16.5%, from $149k in 2006 to $1.48M in 2022.

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 Destination
South Korea$321M
Estonia
Top Destination
Finland$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 2021, countries that imported more from Montenegro than Estonia were South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

In 2021, countries that imported more from Estonia than Montenegro were 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 2022, 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 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 Estonia. Similarly, the more yellow a dot/product is, the more Estonia has comparative advantage over Montenegro.

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

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with