Montenegro (MNE) and Italy (ITA) Trade | The Observatory of Economic Complexity

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Montenegro-Italy Trade: In 2022, Montenegro exported $125M to Italy. The main products that Montenegro exported to Italy were Electricity ($82.5M), Raw Aluminium ($18.6M), and Scrap Copper ($2.59M). Over the past 5 years the exports of Montenegro to Italy have increased at an annualized rate of 47.4%, from $17.9M in 2017 to $125M in 2022.

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

Italy-Montenegro Trade: In 2022, Italy exported $378M to Montenegro. The main products that Italy exported to Montenegro were Electricity ($179M), Recreational Boats ($18.7M), and Other Furniture ($6.74M). Over the past 5 years the exports of Italy to Montenegro have increased at an annualized rate of 15.5%, from $184M in 2017 to $378M in 2022.

In 2022, Italy 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, Italy ranked 17 in the Economic Complexity Index (ECI 1.29), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $125M to Italy. The main products exported from Montenegro to Italy were Electricity ($82.5M), Raw Aluminium ($18.6M), and Scrap Copper ($2.59M). During the last 5 years the exports of Montenegro to Italy have increased at an annualized rate of 47.4%, from $17.9M in 2017 to $125M in 2022.

In 2017, Italy exported $378M to Montenegro. The main products exported from Italy to Montenegro were Electricity ($179M), Recreational Boats ($18.7M), and Other Furniture ($6.74M). During the last 5 years the exports of Italy to Montenegro have increased at an annualized rate of 15.5%, from $184M in 2022 to $378M in 2017.

Exports from Montenegro () to Italy () (2022)

Exports from Italy () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Italy ()

Montenegro Exports

Date

Italy Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Italy
Top DestinationGermany$78.5B

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

In 2022, no countries were registered that imported more from Montenegro than from Italy.

In 2022, countries that imported more from Italy than Montenegro included Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy () and Montenegro () (2022)

Comparative Advantage Montenegro - Italy

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Italy in the exports of Mineral Products ($83.3M), Metals ($22.6M), and Machines ($6.25M).

During 2017, Italy had a large net trade with Montenegro in the exports of Mineral Products ($183M), Machines ($31.9M), and Transportation ($26M).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Italy () (2022)

Exports from Italy () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Italy ()

Montenegro Exports

Italy Exports

Market Competitiveness

Difference in imports from Italy () and Montenegro () (2022)

Comparative Advantage Montenegro - Italy

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Montenegro () and Italy () (2022)

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