2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
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 GDP
$219BCURRENT US$
Rnk 54 / 186
2012-2022
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GDP GROWTH
-9.49%CURRENT US$
Rnk 174 / 186
2022
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GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186
2022
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GDP PC
$20,732CURRENT US$
Rnk 50 / 186
2012-2022
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GDP PC GROWTH
-5.39%CURRENT US$
Rnk 154 / 186

About

Montenegro-Greece In 2022, Montenegro exported $12M to Greece. The main products that Montenegro exported to Greece are Raw Aluminium ($7.94M), Aluminium Ore ($2.53M), and Tug Boats ($705k). During the last 16 years the exports of Montenegro to Greece have decreased at an annualized rate of 10.4%, from $68.7M in 2006 to $12M in 2022.

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

Greece-Montenegro In 2022, Greece exported $317M to Montenegro. The main products that Greece exported to Montenegro were Refined Petroleum ($279M), Aluminium Bars ($4.89M), and Citrus ($2.24M). During the last 16 years the exports of Greece to Montenegro have increased at an annualized rate of 8.11%, from $91.2M in 2006 to $317M in 2022.

In 2022, Greece 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, Greece ranked 47 in the Economic Complexity Index (ECI 0.32), and 57 in total exports ($55.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $12M to Greece. The main products exported from Montenegro to Greece were Raw Aluminium ($7.94M), Aluminium Ore ($2.53M), and Tug Boats ($705k). During the last 16 years the exports of Montenegro to Greece have decreased at an annualized rate of 10.4%, from $68.7M in 2006 to $12M in 2022.

In 2022, Greece exported $317M to Montenegro. The main products exported from Greece to Montenegro were Refined Petroleum ($279M), Aluminium Bars ($4.89M), and Citrus ($2.24M). During the last 16 years the exports of Greece to Montenegro have increased at an annualized rate of 8.11%, from $91.2M in 2006 to $317M in 2022.

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

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

Latest Data

Trade between Montenegro (Flag) and Greece (Flag)

Montenegro Exports

Greece Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Greece
Top Destination
Italy$5.82B

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

In 2021, countries that imported more from Montenegro than Greece were San Marino ($2.1M) and Eswatini ($16.9k).

In 2021, countries that imported more from Greece than Montenegro were Italy ($5.82B), Bulgaria ($3.62B), and Germany ($3.45B).

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

Comparative Advantage Montenegro - Greece

Flow
Scale

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

During 2022, Montenegro had a large net trade with Greece in the exports of Metals ($7.94M), Mineral Products ($2.54M), and Transportation ($810k).

During 2022, Greece had a large net trade with Montenegro in the exports of Mineral Products ($280M), Metals ($11.2M), and Vegetable Products ($5.16M).

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 Greece. Similarly, the more yellow a dot/product is, the more Greece has comparative advantage over Montenegro.

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

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