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2023
Flag → Flag
Exports $3.13MRnk 29 / 130
2023
Flag → Flag
Top Product $1.29MTransmissions
2023
Flag → Flag
Exports $36.3MRnk 138 / 223
2023
Flag → Flag
Top Product $10.5MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC$49,464CURRENT US$
Rnk 26 / 196
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195

About

Montenegro-United Kingdom Trade: In 2023, Montenegro exported $3.13M to United Kingdom. The main products that Montenegro exported to United Kingdom were Transmissions ($1.29M), Waxes ($1.06M), and Other Plastic Products ($74.1k). Over the past 5 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 20.3%, from $9.71M in 2018 to $3.13M in 2023.

In 2023, Montenegro did not export any services to United Kingdom.

United Kingdom-Montenegro Trade: In 2023, United Kingdom exported $36.3M to Montenegro. The main products that United Kingdom exported to Montenegro were Packaged Medicaments ($10.5M), Cars ($8.51M), and Hard Liquor ($2.38M). Over the past 5 years the exports of United Kingdom to Montenegro have decreased at an annualized rate of 0.1%,  from $36.4M in 2018 to $36.3M in 2023.

In 2023, United Kingdom did not export any services to Montenegro.

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5), and 14 in total exports ($429B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $3.13M to United Kingdom. The main products exported from Montenegro to United Kingdom were Transmissions ($1.29M), Waxes ($1.06M), and Other Plastic Products ($74.1k). During the last 5 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 20.3%, from $9.71M in 2018 to $3.13M in 2023.

In 2018, United Kingdom exported $36.3M to Montenegro. The main products exported from United Kingdom to Montenegro were Packaged Medicaments ($10.5M), Cars ($8.51M), and Hard Liquor ($2.38M). During the last 5 years the exports of United Kingdom to Montenegro have decreased at an annualized rate of 0.1%, from $36.4M in 2023 to $36.3M in 2018.

Exports from Montenegro (Flag) to United Kingdom (Flag) (2023)

Exports from United Kingdom (Flag) to Montenegro (Flag) (2023)

Latest Data

Trade between Montenegro (Flag) and United Kingdom (Flag)

Montenegro Exports

United Kingdom Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
United Kingdom
Top DestinationUnited States$59.7B

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

In 2023, no countries were registered that imported more from Montenegro than from United Kingdom.

In 2023, countries that imported more from United Kingdom than Montenegro included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

Difference in imports from United Kingdom (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - United Kingdom

Flow
Scale

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

During 2023, Montenegro had a large net trade with United Kingdom in the exports of Machines ($1.54M), Chemical Products ($1.08M), and Transportation ($97.5k).

During 2018, United Kingdom had a large net trade with Montenegro in the exports of Chemical Products ($13.6M), Transportation ($10.4M), and Foodstuffs ($4.52M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and United Kingdom (Flag) (2023)

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