Montenegro (MNE) and Luxembourg (LUX) Trade | The Observatory of Economic Complexity

2022

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Exports $38.7MRnk 8 / 123

2022

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About

Montenegro-Luxembourg Trade: In 2022, Montenegro exported $38.7M to Luxembourg. The main products that Montenegro exported to Luxembourg were Raw Aluminium ($36.9M), Lead Ore ($1.34M), and Plastic Building Materials ($312k). Over the past 5 years the exports of Montenegro to Luxembourg have increased at an annualized rate of 239%, from $86.6k in 2017 to $38.7M in 2022.

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

Luxembourg-Montenegro Trade: In 2022, Luxembourg exported $1.49M to Montenegro. The main products that Luxembourg exported to Montenegro were Rubber Tires ($556k), Cellulose Fibers Paper ($138k), and Chocolate ($105k). Over the past 5 years the exports of Luxembourg to Montenegro have increased at an annualized rate of 1.16%, from $1.41M in 2017 to $1.49M in 2022.

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

Comparison In 2022, Montenegro ranked 154 in total exports ($1.32B). That same year, Luxembourg ranked 78 in total exports ($20.5B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Latest Data

Trade between Montenegro () and Luxembourg ()

Montenegro Exports

Date

Luxembourg Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Luxembourg
Top DestinationGermany$4.15B

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

In 2022, countries that imported more from Montenegro than Luxembourg included South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

In 2022, countries that imported more from Luxembourg than Montenegro included Germany ($4.15B), France ($3.07B), and Belgium ($2.09B).

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

Economic Complexity

Competitive Landscape

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