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2022
Flag → Flag
Exports $12MRnk 18 / 123
2022
Flag → Flag
Top Product $7.94MRaw Aluminium
2022
Flag → Flag
Exports $317MRnk 40 / 208
2022
Flag → Flag
Top Product $279MRefined Petroleum
2022
Flag
Economic Complexity (ECI) ECI 0.33Rnk 50 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$219BCURRENT US$
Rnk 54 / 186
2012-2022
Flag
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 GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC$20,732CURRENT US$
Rnk 50 / 186
2012-2022
Flag
GDP PC GROWTH-5.39%CURRENT US$
Rnk 154 / 186

About

Montenegro-Greece Trade: In 2022, Montenegro exported $12M to Greece. The main products that Montenegro exported to Greece were Raw Aluminium ($7.94M), Aluminium Ore ($2.53M), and Tug Boats ($705k). Over the past 5 years the exports of Montenegro to Greece have increased at an annualized rate of 124%, from $210k in 2017 to $12M in 2022.

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

Greece-Montenegro Trade: 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). Over the past 5 years the exports of Greece to Montenegro have increased at an annualized rate of 16.3%,  from $149M in 2017 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 50 in the Economic Complexity Index (ECI 0.33), 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 5 years the exports of Montenegro to Greece have increased at an annualized rate of 124%, from $210k in 2017 to $12M in 2022.

In 2017, 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 5 years the exports of Greece to Montenegro have increased at an annualized rate of 16.3%, from $149M in 2022 to $317M in 2017.

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 DestinationSouth Korea$321M
Greece
Top DestinationItaly$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 2022, countries that imported more from Montenegro than Greece included San Marino ($2.1M) and Eswatini ($16.9k).

In 2022, countries that imported more from Greece than Montenegro included 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 2017, 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 shows the product space at the HS4 level with the flags of Montenegro and Greece. This means that a dot/product with the flag of Montenegro indicates it has a comparative advantage over Greece. Similarly, a dot/product with the flag of Greece indicates it has a comparative advantage over Montenegro.

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

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