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
Flag
 GDP
$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH
2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%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 In 2022, Montenegro exported $117k to Nigeria. The main products that Montenegro exported to Nigeria are Aircraft Parts ($65.8k), Combustion Engines ($24.1k), and Delivery Trucks ($14.7k). During the last 12 years the exports of Montenegro to Nigeria have increased at an annualized rate of 17.7%, from $16.5k in 2010 to $117k in 2022.

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

Nigeria-Montenegro 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). During the last 12 years the exports of Nigeria to Montenegro have increased at an annualized rate of 23.8%, from $1.4k in 2010 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 119 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 12 years the exports of Montenegro to Nigeria have increased at an annualized rate of 17.7%, from $16.5k in 2010 to $117k in 2022.

In 2022, 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 16 years the exports of Nigeria to Montenegro have increased at an annualized rate of 23.8%, from $1.4k in 2006 to $18.1k in 2022.

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 Destination
South Korea$321M
Nigeria
Top Destination
Spain$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 2021, countries that imported more from Montenegro than Nigeria were Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Slovenia ($55M).

In 2021, countries that imported more from Nigeria than Montenegro were 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 2022, 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 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 Nigeria. Similarly, the more yellow a dot/product is, the more Nigeria has comparative advantage over Montenegro.

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

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