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2022
Flag → Flag
Exports $22.4MRnk 13 / 123
2022
Flag → Flag
Top Product $21.7MRaw Aluminium
2022
Flag → Flag
Exports $2.55MRnk 166 / 198
2022
Flag → Flag
Top Product $2.02MFrozen Bovine Meat
2022
Flag
Economic Complexity (ECI) ECI 1.18Rnk 21 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$360BCURRENT US$
Rnk 42 / 186
2012-2022
Flag
GDP GROWTH37%CURRENT US$
Rnk 89 / 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$48,984CURRENT US$
Rnk 20 / 186
2012-2022
Flag
GDP PC GROWTH33.4%CURRENT US$
Rnk 58 / 186

About

Montenegro-Hong Kong Trade: In 2022, Montenegro exported $22.4M to Hong Kong. The main products that Montenegro exported to Hong Kong were Raw Aluminium ($21.7M), Telephones ($352k), and Jewellery ($152k). Over the past 5 years the exports of Montenegro to Hong Kong have decreased at an annualized rate of 9.53%, from $36.9M in 2017 to $22.4M in 2022.

In 2022, Montenegro did not export any services to Hong Kong.

Hong Kong-Montenegro Trade: In 2022, Hong Kong exported $2.55M to Montenegro. The main products that Hong Kong exported to Montenegro were Frozen Bovine Meat ($2.02M), Base Metal Watches ($102k), and Other Footwear ($42.7k). Over the past 5 years the exports of Hong Kong to Montenegro have decreased at an annualized rate of 1.23%,  from $2.71M in 2017 to $2.55M in 2022.

In 2022, Hong Kong 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, Hong Kong ranked 21 in the Economic Complexity Index (ECI 1.18), and 39 in total exports ($113B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $22.4M to Hong Kong. The main products exported from Montenegro to Hong Kong were Raw Aluminium ($21.7M), Telephones ($352k), and Jewellery ($152k). During the last 5 years the exports of Montenegro to Hong Kong have decreased at an annualized rate of 9.53%, from $36.9M in 2017 to $22.4M in 2022.

In 2017, Hong Kong exported $2.55M to Montenegro. The main products exported from Hong Kong to Montenegro were Frozen Bovine Meat ($2.02M), Base Metal Watches ($102k), and Other Footwear ($42.7k). During the last 5 years the exports of Hong Kong to Montenegro have decreased at an annualized rate of 1.23%, from $2.71M in 2022 to $2.55M in 2017.

Exports from Montenegro (Flag) to Hong Kong (Flag) (2022)

Exports from Hong Kong (Flag) to Montenegro (Flag) (2022)

Latest Data

Trade between Montenegro (Flag) and Hong Kong (Flag)

Montenegro Exports

Hong Kong Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Hong Kong
Top DestinationChina$23.4B

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

In 2022, countries that imported more from Montenegro than Hong Kong included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Slovenia ($55M).

In 2022, countries that imported more from Hong Kong than Montenegro included China ($23.4B), India ($14.3B), and Netherlands ($6.56B).

Difference in imports from Hong Kong (Flag) and Montenegro (Flag) (2022)

Comparative Advantage Montenegro - Hong Kong

Flow
Scale

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

During 2022, Montenegro had a large net trade with Hong Kong in the exports of Metals ($21.7M), Machines ($352k), and Precious Metals ($152k).

During 2017, Hong Kong had a large net trade with Montenegro in the exports of Animal Products ($2.02M), Machines ($157k), and Instruments ($143k).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Hong Kong (Flag) (2022)

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