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2022
Flag → Flag
Exports $964Rnk 108 / 123
2022
Flag → Flag
Top Product $577Non-Knit Active Wear
2022
Flag → Flag
Exports $1.08MRnk 135 / 205
2022
Flag → Flag
Top Product $285kElectric Heaters
2022
Flag
Economic Complexity (ECI) ECI 0.71Rnk 37 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$404BCURRENT US$
Rnk 38 / 186
2012-2022
Flag
GDP GROWTH54.4%CURRENT US$
Rnk 51 / 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$3,499CURRENT US$
Rnk 129 / 186
2012-2022
Flag
GDP PC GROWTH30.9%CURRENT US$
Rnk 61 / 186

About

Montenegro-Philippines Trade: In 2022, Montenegro exported $964 to Philippines. The main products that Montenegro exported to Philippines were Non-Knit Active Wear ($577) and Knit T-shirts ($387). Over the past 7 years the exports of Montenegro to Philippines have decreased at an annualized rate of 71.9%, from $6.96M in 2015 to $964 in 2022.

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

Philippines-Montenegro Trade: In 2022, Philippines exported $1.08M to Montenegro. The main products that Philippines exported to Montenegro were Electric Heaters ($285k), Office Machine Parts ($149k), and Electrical Transformers ($109k). Over the past 7 years the exports of Philippines to Montenegro have increased at an annualized rate of 8.23%,  from $730k in 2015 to $1.08M in 2022.

In 2022, Philippines 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, Philippines ranked 37 in the Economic Complexity Index (ECI 0.71), and 40 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $964 to Philippines. The main products exported from Montenegro to Philippines were Non-Knit Active Wear ($577) and Knit T-shirts ($387). During the last 7 years the exports of Montenegro to Philippines have decreased at an annualized rate of 71.9%, from $6.96M in 2015 to $964 in 2022.

In 2017, Philippines exported $1.08M to Montenegro. The main products exported from Philippines to Montenegro were Electric Heaters ($285k), Office Machine Parts ($149k), and Electrical Transformers ($109k). During the last 5 years the exports of Philippines to Montenegro have increased at an annualized rate of 8.23%, from $730k in 2022 to $1.08M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Philippines (Flag)

Montenegro Exports

Philippines Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Philippines
Top DestinationUnited States$15.5B

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

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

In 2022, countries that imported more from Philippines than Montenegro included United States ($15.5B), China ($15.3B), and Hong Kong ($12.6B).

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

Comparative Advantage Montenegro - Philippines

Flow
Scale

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

During 2022, Montenegro had a large net trade with Philippines in the exports of Textiles ($964).

During 2017, Philippines had a large net trade with Montenegro in the exports of Machines ($683k), Instruments ($93.3k), and Textiles ($76.9k).

Economic Complexity

Competitive Landscape

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

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

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