Montenegro (MNE) and North Macedonia (MKD) Trade | The Observatory of Economic Complexity

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Montenegro-North Macedonia Trade: In 2022, Montenegro exported $8.7M to North Macedonia. The main products that Montenegro exported to North Macedonia were Sawn Wood ($2.59M), Fuel Wood ($2.32M), and Electrical Transformers ($750k). Over the past 5 years the exports of Montenegro to North Macedonia have increased at an annualized rate of 4.64%, from $6.93M in 2017 to $8.7M in 2022.

In 2022, Montenegro did not export any services to North Macedonia.

North Macedonia-Montenegro Trade: In 2022, North Macedonia exported $40.3M to Montenegro. The main products that North Macedonia exported to Montenegro were Packaged Medicaments ($3.8M), Sausages ($2.87M), and Other Processed Vegetables ($1.64M). Over the past 5 years the exports of North Macedonia to Montenegro have increased at an annualized rate of 3.51%, from $34M in 2017 to $40.3M in 2022.

In 2022, North Macedonia 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, North Macedonia ranked 52 in the Economic Complexity Index (ECI 0.25), and 105 in total exports ($9.52B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $8.7M to North Macedonia. The main products exported from Montenegro to North Macedonia were Sawn Wood ($2.59M), Fuel Wood ($2.32M), and Electrical Transformers ($750k). During the last 5 years the exports of Montenegro to North Macedonia have increased at an annualized rate of 4.64%, from $6.93M in 2017 to $8.7M in 2022.

In 2017, North Macedonia exported $40.3M to Montenegro. The main products exported from North Macedonia to Montenegro were Packaged Medicaments ($3.8M), Sausages ($2.87M), and Other Processed Vegetables ($1.64M). During the last 5 years the exports of North Macedonia to Montenegro have increased at an annualized rate of 3.51%, from $34M in 2022 to $40.3M in 2017.

Exports from Montenegro () to North Macedonia () (2022)

Exports from North Macedonia () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and North Macedonia ()

Montenegro Exports

Date

North Macedonia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

North Macedonia
Top DestinationGermany$3.96B

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

In 2022, countries that imported more from Montenegro than North Macedonia included South Korea ($321M), Switzerland ($116M), and Hong Kong ($22.4M).

In 2022, countries that imported more from North Macedonia than Montenegro included Germany ($3.96B), Greece ($683M), and Serbia ($800M).

Difference in imports from North Macedonia () and Montenegro () (2022)

Comparative Advantage Montenegro - North Macedonia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with North Macedonia in the exports of Wood Products ($4.93M), Machines ($936k), and Foodstuffs ($791k).

During 2017, North Macedonia had a large net trade with Montenegro in the exports of Foodstuffs ($13.3M), Chemical Products ($5.73M), and Metals ($4.58M).

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 North Macedonia. This means that a dot/product with the flag of Montenegro indicates it has a comparative advantage over North Macedonia. Similarly, a dot/product with the flag of North Macedonia indicates it has a comparative advantage over Montenegro.

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to North Macedonia () (2022)

Exports from North Macedonia () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and North Macedonia ()

Montenegro Exports

North Macedonia Exports

Market Competitiveness

Difference in imports from North Macedonia () and Montenegro () (2022)

Comparative Advantage Montenegro - North Macedonia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Montenegro () and North Macedonia () (2022)

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