2023
Flag  
GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP
$1.15TCURRENT US$
Rnk 17 / 195
2013-2023
Flag
GDP GROWTH
30.6%CURRENT US$
Rnk 114 / 195
2023
Flag
GDP PC 
$12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC
$64,572CURRENT US$
Rnk 17 / 196
2013-2023
Flag
GDP PC GROWTH
22.8%CURRENT US$
Rnk 96 / 195

About

Montenegro-Netherlands Trade: In 2023, Montenegro exported $4.11M to Netherlands. The main products that Montenegro exported to Netherlands were Other Mineral ($1.14M), Delivery Trucks ($656k), and Broadcasting Equipment ($573k). Over the past 5 years the exports of Montenegro to Netherlands have decreased at an annualized rate of 15.5%, from $9.55M in 2018 to $4.11M in 2023.

In 2023, Montenegro did not export any services to Netherlands.

Netherlands-Montenegro Trade: In 2023, Netherlands exported $80.9M to Montenegro. The main products that Netherlands exported to Montenegro were Pig Meat ($18.5M), Vaccines, blood, antisera, toxins and cultures ($12.5M), and Bovine Meat ($10.4M). Over the past 5 years the exports of Netherlands to Montenegro have increased at an annualized rate of 4.88%,  from $63.7M in 2018 to $80.9M in 2023.

In 2009, Netherlands exported services to Montenegro worth $12.4M, with Services not allocated ($12.4M) being the largest in terms of value.

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, Netherlands ranked 26 in the Economic Complexity Index (ECI 1.08), and 9 in total exports ($599B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $4.11M to Netherlands. The main products exported from Montenegro to Netherlands were Other Mineral ($1.14M), Delivery Trucks ($656k), and Broadcasting Equipment ($573k). During the last 5 years the exports of Montenegro to Netherlands have decreased at an annualized rate of 15.5%, from $9.55M in 2018 to $4.11M in 2023.

In 2018, Netherlands exported $80.9M to Montenegro. The main products exported from Netherlands to Montenegro were Pig Meat ($18.5M), Vaccines, blood, antisera, toxins and cultures ($12.5M), and Bovine Meat ($10.4M). During the last 5 years the exports of Netherlands to Montenegro have increased at an annualized rate of 4.88%, from $63.7M in 2023 to $80.9M in 2018.

Exports from Montenegro (Flag) to Netherlands (Flag) (2023)

Exports from Netherlands (Flag) to Montenegro (Flag) (2023)

Latest Data

Trade between Montenegro (Flag) and Netherlands (Flag)

Montenegro Exports

Netherlands Exports

Market Competitiveness

Color
Montenegro
Top Destination
Italy$576M
Netherlands
Top Destination
Germany$96.9B

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

In 2023, no countries were registered that imported more from Montenegro than from Netherlands.

In 2023, countries that imported more from Netherlands than Montenegro included Germany ($96.9B), Belgium ($87B), and France ($67.3B).

Difference in imports from Netherlands (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - Netherlands

Flow
Scale

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

During 2023, Montenegro had a large net trade with Netherlands in the exports of Machines ($1.15M), Mineral Products ($1.15M), and Transportation ($705k).

During 2018, Netherlands had a large net trade with Montenegro in the exports of Animal Products ($32.5M), Chemical Products ($18.4M), and Vegetable Products ($6.52M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Netherlands (Flag) (2023)

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