2022
Flag  
GDP
$6.1BCURRENT US$
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2012-2022
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GDP GROWTH
49.1%CURRENT US$
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2022
Flag
 GDP
$301BCURRENT US$
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2012-2022
Flag
GDP GROWTH
68.2%CURRENT US$
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2022
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GDP PC 
$9,894CURRENT US$
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2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
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2022
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GDP PC
$15,892CURRENT US$
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2012-2022
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GDP PC GROWTH
77.9%CURRENT US$
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About

Montenegro-Romania Trade: In 2022, Montenegro exported $896k to Romania. The main products that Montenegro exported to Romania were Raw Aluminium ($162k), Interchangeable Tool Parts ($145k), and Railway Cargo Containers ($77k). Over the past 5 years the exports of Montenegro to Romania have decreased at an annualized rate of 8.63%, from $1.41M in 2017 to $896k in 2022.

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

Romania-Montenegro Trade: In 2022, Romania exported $37M to Montenegro. The main products that Romania exported to Montenegro were Cars ($4.75M), Processed Tobacco ($4.72M), and Cleaning Products ($2.58M). Over the past 5 years the exports of Romania to Montenegro have increased at an annualized rate of 2.24%,  from $33.1M in 2017 to $37M in 2022.

In 2022, Romania 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, Romania ranked 26 in the Economic Complexity Index (ECI 1.03), and 43 in total exports ($99.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $896k to Romania. The main products exported from Montenegro to Romania were Raw Aluminium ($162k), Interchangeable Tool Parts ($145k), and Railway Cargo Containers ($77k). During the last 5 years the exports of Montenegro to Romania have decreased at an annualized rate of 8.63%, from $1.41M in 2017 to $896k in 2022.

In 2017, Romania exported $37M to Montenegro. The main products exported from Romania to Montenegro were Cars ($4.75M), Processed Tobacco ($4.72M), and Cleaning Products ($2.58M). During the last 11 years the exports of Romania to Montenegro have increased at an annualized rate of 2.24%, from $33.1M in 2006 to $37M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Romania (Flag)

Montenegro Exports

Romania Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Romania
Top Destination
Germany$18.8B

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

In 2022, countries that imported more from Montenegro than Romania included Cayman Islands ($1.66M), Eswatini ($16.9k), and Zambia ($21.9k).

In 2022, countries that imported more from Romania than Montenegro included Germany ($18.8B), Italy ($9.55B), and Hungary ($6.75B).

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

Comparative Advantage Montenegro - Romania

Flow
Scale

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

During 2022, Montenegro had a large net trade with Romania in the exports of Metals ($366k), Transportation ($78.3k), and Machines ($74.8k).

During 2017, Romania had a large net trade with Montenegro in the exports of Foodstuffs ($7.81M), Chemical Products ($5.91M), and Transportation ($5.46M).

Economic Complexity

Competitive Landscape

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

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

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