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
$70.3BCURRENT US$
Rnk 81 / 186
2012-2022
Flag
GDP GROWTH
63.8%CURRENT US$
Rnk 38 / 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
$24,827CURRENT US$
Rnk 45 / 186
2012-2022
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GDP PC GROWTH
72.8%CURRENT US$
Rnk 17 / 186

About

Montenegro-Lithuania In 2022, Montenegro exported $17.6k to Lithuania. The main products that Montenegro exported to Lithuania are Cars ($15.2k), Imitation Jewellery ($516), and Transmissions ($415). During the last 16 years the exports of Montenegro to Lithuania have decreased at an annualized rate of 3.34%, from $30.4k in 2006 to $17.6k in 2022.

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

Lithuania-Montenegro In 2022, Lithuania exported $2.69M to Montenegro. The main products that Lithuania exported to Montenegro were Other Edible Preparations ($756k), Malt Extract ($284k), and Processed Fish ($125k). During the last 16 years the exports of Lithuania to Montenegro have increased at an annualized rate of 11.2%, from $494k in 2006 to $2.69M in 2022.

In 2022, Lithuania 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, Lithuania ranked 27 in the Economic Complexity Index (ECI 0.96), and 62 in total exports ($46.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $17.6k to Lithuania. The main products exported from Montenegro to Lithuania were Cars ($15.2k), Imitation Jewellery ($516), and Transmissions ($415). During the last 16 years the exports of Montenegro to Lithuania have decreased at an annualized rate of 3.34%, from $30.4k in 2006 to $17.6k in 2022.

In 2022, Lithuania exported $2.69M to Montenegro. The main products exported from Lithuania to Montenegro were Other Edible Preparations ($756k), Malt Extract ($284k), and Processed Fish ($125k). During the last 16 years the exports of Lithuania to Montenegro have increased at an annualized rate of 11.2%, from $494k in 2006 to $2.69M in 2022.

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

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

Latest Data

Trade between Montenegro (Flag) and Lithuania (Flag)

Montenegro Exports

Lithuania Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Lithuania
Top Destination
Latvia$6.18B

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

In 2021, countries that imported more from Montenegro than Lithuania were South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

In 2021, countries that imported more from Lithuania than Montenegro were Latvia ($6.18B), Poland ($3.91B), and Germany ($3.54B).

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

Comparative Advantage Montenegro - Lithuania

Flow
Scale

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

During 2022, Montenegro had a large net trade with Lithuania in the exports of Transportation ($15.2k), Textiles ($842), and Machines ($575).

During 2022, Lithuania had a large net trade with Montenegro in the exports of Foodstuffs ($1.39M), Machines ($314k), and Animal Products ($177k).

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

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

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