Flag Montenegro / United Kingdom Flag

Exports FlagFlag  (2018): $10M, Rnk 13 / 88

Top Product FlagFlag (2018): $4.6M, Transmissions

Exports FlagFlag (2018): $40M, Rnk 130 / 217

Top Product FlagFlag (2018): $7.34M, Cars

Economic Complexity of Flag (2018): ECI 1.49, Rnk 13 / 137

GDP Flag (2018): $5.5B, CURRENT US$
Rnk 152 / 196

GDP GROWTH Flag (2008-2018): 21.1%, CURRENT US$
Rnk 124 / 196

GDP Flag (2018): $2.86T, CURRENT US$
Rnk 5 / 196

GDP GROWTH Flag (2008-2018): -2.31%, CURRENT US$
Rnk 171 / 196

GDP PC Flag (2018): $8,844, CURRENT US$
Rnk 83 / 196

GDP PC GROWTH Flag (2008-2018): 20%, CURRENT US$
Rnk 103 / 196

GDP PC Flag (2018): $42,944, CURRENT US$
Rnk 22 / 196

GDP PC GROWTH Flag (2008-2018): -9.18%, CURRENT US$
Rnk 168 / 196

Montenegro-United Kingdom: In 2018, Montenegro exported $10M to United Kingdom. The main products exported from Montenegro to United Kingdom were Transmissions ($4.6M), Other Steel Bars ($3.75M), and Precious Metal Scraps ($810k). During the last 12 years the exports of Montenegro to United Kingdom have increased at an annualized rate of 7.13%, from $4.38M in 2006 to $10M in 2018.

United Kingdom-Montenegro: In 2018, United Kingdom exported $40M to Montenegro. The main products exported from United Kingdom to Montenegro were Cars ($7.34M), Delivery Trucks ($4.89M), and Hard Liquor ($4.7M). During the last 12 years the exports of United Kingdom to Montenegro have increased at an annualized rate of 5.25%, from $21.7M in 2006 to $40M in 2018.

Comparison: In 2018, Montenegro ranked 164 in total exports ($475M), and does not have data regarding Economic Complexity Index. That same year, United Kingdom ranked 13 in the Economic Complexity Index (ECI 1.49), and 9 in total exports ($464B). In terms of GDP Per Capita, Montenegro was ranked 83 with a GDP Per Capita of $8,844, and United Kingdom was ranked 22 with a GDP Per Capita of $42,944.

Bilateral Trade by Products

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Depth
Value

In 2018, Montenegro exported $10M to United Kingdom. The main products exported from Montenegro to United Kingdom were Transmissions ($4.6M), Other Steel Bars ($3.75M), and Precious Metal Scraps ($810k). During the last 12 years the exports of Montenegro to United Kingdom have increased at an annualized rate of 7.13%, from $4.38M in 2006 to $10M in 2018.

In 2018, United Kingdom exported $40M to Montenegro. The main products exported from United Kingdom to Montenegro were Cars ($7.34M), Delivery Trucks ($4.89M), and Hard Liquor ($4.7M). During the last 12 years the exports of United Kingdom to Montenegro have increased at an annualized rate of 5.25%, from $21.7M in 2006 to $40M in 2018.

Market Competitiveness

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Measure

Montenegro
Top Destination
: Serbia, $93.7M

United Kingdom
Top Destination
: United States, $61.9B

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 2018, no countries were registered that imported more from Montenegro than from United Kingdom.

In 2018, countries that imported more from United Kingdom than Montenegro were United States ($61.9B), Germany ($45.5B), and Netherlands ($33.3B).

Comparative Advantage Montenegro - United Kingdom

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Depth

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

During 2018, Montenegro had a large net trade with United Kingdom in the exports of Machines ($4.96M), Metals ($3.82M), and Precious Metals ($810k).

During 2018, United Kingdom had a large net trade with Montenegro in the exports of Transportation ($17.2M), Machines ($6.21M), and Chemical Products ($6.12M).

Trade Forecasts

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This section shows a forecast for total trade between Montenegro and United Kingdom. The forecast is based on a long short-term memory model or LSTM constructed using yearly trade data.

To create custom forecast, or modify the parameters of the forecasting model, visit our Forecast Section.

Explore Forecasts

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 red.  This mean that the more blue a dot/product is, the more Montenegro has comparative advantage over United Kingdom. Similarly, the more red a dot/product is, the more United Kingdom has comparative advantage over Montenegro.