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Pricing

2022
Flag → Flag
Exports $117kRnk 67 / 123
2022
Flag → Flag
Top Product $65.8kAircraft Parts
2022
Flag → Flag
Exports $18.1kRnk 153 / 166
2022
Flag → Flag
Top Product $9.95kCocoa Butter
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 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$2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186

About

Montenegro-Nigeria Trade: In 2022, Montenegro exported $117k to Nigeria. The main products that Montenegro exported to Nigeria were Aircraft Parts ($65.8k), Combustion Engines ($24.1k), and Delivery Trucks ($14.7k). Over the past 5 years the exports of Montenegro to Nigeria have decreased at an annualized rate of 4.18%, from $145k in 2017 to $117k in 2022.

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

Nigeria-Montenegro Trade: In 2022, Nigeria exported $18.1k to Montenegro. The main products that Nigeria exported to Montenegro were Cocoa Butter ($9.95k), Spices ($4.74k), and Coconuts, Brazil Nuts, and Cashews ($2.51k). Over the past 5 years the exports of Nigeria to Montenegro have increased at an annualized rate of 13.2%,  from $9.74k in 2017 to $18.1k in 2022.

In 2022, Nigeria 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, Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67), and 51 in total exports ($70.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $117k to Nigeria. The main products exported from Montenegro to Nigeria were Aircraft Parts ($65.8k), Combustion Engines ($24.1k), and Delivery Trucks ($14.7k). During the last 5 years the exports of Montenegro to Nigeria have decreased at an annualized rate of 4.18%, from $145k in 2017 to $117k in 2022.

In 2017, Nigeria exported $18.1k to Montenegro. The main products exported from Nigeria to Montenegro were Cocoa Butter ($9.95k), Spices ($4.74k), and Coconuts, Brazil Nuts, and Cashews ($2.51k). During the last 5 years the exports of Nigeria to Montenegro have increased at an annualized rate of 13.2%, from $9.74k in 2022 to $18.1k in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Nigeria (Flag)

Montenegro Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Nigeria
Top DestinationSpain$9.41B

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

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

In 2022, countries that imported more from Nigeria than Montenegro included Spain ($9.41B), India ($8.2B), and France ($4.95B).

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

Comparative Advantage Montenegro - Nigeria

Flow
Scale

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

During 2022, Montenegro had a large net trade with Nigeria in the exports of Transportation ($81.2k), Machines ($33.3k), and Textiles ($1.32k).

During 2017, Nigeria had a large net trade with Montenegro in the exports of Foodstuffs ($10.9k) and Vegetable Products ($7.25k).

Economic Complexity

Competitive Landscape

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

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

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