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2022
Flag → Flag
Exports $30.2kRnk 82 / 123
2022
Flag → Flag
Top Product $9.48kOther Floating Structures
2022
Flag → Flag
Exports $5.2MRnk 136 / 208
2022
Flag → Flag
Top Product $444kRubber Tires
2022
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 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$24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186

About

Montenegro-Portugal Trade: In 2022, Montenegro exported $30.2k to Portugal. The main products that Montenegro exported to Portugal were Other Floating Structures ($9.48k), Scrap Plastic ($4.57k), and Aircraft Parts ($3.16k). Over the past 5 years the exports of Montenegro to Portugal have decreased at an annualized rate of 17.6%, from $79.3k in 2017 to $30.2k in 2022.

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

Portugal-Montenegro Trade: In 2022, Portugal exported $5.2M to Montenegro. The main products that Portugal exported to Montenegro were Rubber Tires ($444k), Processed Crustaceans ($420k), and Liquid Pumps ($415k). Over the past 5 years the exports of Portugal to Montenegro have increased at an annualized rate of 3.12%,  from $4.32M in 2017 to $5.2M in 2022.

In 2022, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $30.2k to Portugal. The main products exported from Montenegro to Portugal were Other Floating Structures ($9.48k), Scrap Plastic ($4.57k), and Aircraft Parts ($3.16k). During the last 5 years the exports of Montenegro to Portugal have decreased at an annualized rate of 17.6%, from $79.3k in 2017 to $30.2k in 2022.

In 2017, Portugal exported $5.2M to Montenegro. The main products exported from Portugal to Montenegro were Rubber Tires ($444k), Processed Crustaceans ($420k), and Liquid Pumps ($415k). During the last 5 years the exports of Portugal to Montenegro have increased at an annualized rate of 3.12%, from $4.32M in 2022 to $5.2M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Portugal (Flag)

Montenegro Exports

Portugal Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Portugal
Top DestinationSpain$20.5B

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

In 2022, countries that imported more from Montenegro than Portugal included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and South Korea ($321M).

In 2022, countries that imported more from Portugal than Montenegro included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

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

Comparative Advantage Montenegro - Portugal

Flow
Scale

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

During 2022, Montenegro had a large net trade with Portugal in the exports of Transportation ($12.6k), Textiles ($5.01k), and Plastics and Rubbers ($4.72k).

During 2017, Portugal had a large net trade with Montenegro in the exports of Animal Products ($908k), Machines ($844k), and Foodstuffs ($743k).

Economic Complexity

Competitive Landscape

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

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

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