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Pricing

2022
Flag → Flag
Exports $3.85MRnk 30 / 123
2022
Flag → Flag
Top Product $1.01MTransmissions
2022
Flag → Flag
Exports $20.7MRnk 159 / 224
2022
Flag → Flag
Top Product $3.58MCars
2022
Flag
Economic Complexity (ECI) ECI 1.42Rnk 12 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC$45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 186

About

Montenegro-United Kingdom Trade: In 2022, Montenegro exported $3.85M to United Kingdom. The main products that Montenegro exported to United Kingdom were Transmissions ($1.01M), Thermostats ($769k), and Iron Pipe Fittings ($209k). Over the past 5 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 24.9%, from $16.2M in 2017 to $3.85M in 2022.

In 2022, Montenegro did not export any services to United Kingdom.

United Kingdom-Montenegro Trade: In 2022, United Kingdom exported $20.7M to Montenegro. The main products that United Kingdom exported to Montenegro were Cars ($3.58M), Hard Liquor ($3.13M), and Packaged Medicaments ($2.99M). Over the past 5 years the exports of United Kingdom to Montenegro have decreased at an annualized rate of 6.42%,  from $28.8M in 2017 to $20.7M in 2022.

In 2022, United Kingdom 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, United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.42), and 14 in total exports ($469B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $3.85M to United Kingdom. The main products exported from Montenegro to United Kingdom were Transmissions ($1.01M), Thermostats ($769k), and Iron Pipe Fittings ($209k). During the last 5 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 24.9%, from $16.2M in 2017 to $3.85M in 2022.

In 2017, United Kingdom exported $20.7M to Montenegro. The main products exported from United Kingdom to Montenegro were Cars ($3.58M), Hard Liquor ($3.13M), and Packaged Medicaments ($2.99M). During the last 5 years the exports of United Kingdom to Montenegro have decreased at an annualized rate of 6.42%, from $28.8M in 2022 to $20.7M in 2017.

Exports from Montenegro (Flag) to United Kingdom (Flag) (2022)

Exports from United Kingdom (Flag) to Montenegro (Flag) (2022)

Latest Data

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

Montenegro Exports

United Kingdom Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
United Kingdom
Top DestinationUnited States$61.8B

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 2022, countries that imported more from Montenegro than United Kingdom included Bosnia and Herzegovina ($95.5M).

In 2022, countries that imported more from United Kingdom than Montenegro included United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

Difference in imports from United Kingdom (Flag) and Montenegro (Flag) (2022)

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 2022, Montenegro had a large net trade with United Kingdom in the exports of Machines ($1.73M), Instruments ($984k), and Metals ($691k).

During 2017, United Kingdom had a large net trade with Montenegro in the exports of Chemical Products ($5.11M), Transportation ($4.27M), and Foodstuffs ($3.83M).

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) (2022)

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