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2023
Flag → Flag
Exports $1.03MRnk 39 / 130
2023
Flag → Flag
Top Product $433kElectric Locomotives
2023
Flag → Flag
Exports $43.6MRnk 80 / 199
2023
Flag → Flag
Top Product $8.15MProcessed Tobacco
2023
Flag
Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC$18,404CURRENT US$
Rnk 66 / 196
2013-2023
Flag
GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195

About

Montenegro-Romania Trade: In 2023, Montenegro exported $1.03M to Romania. The main products that Montenegro exported to Romania were Electric Locomotives ($433k), Other Locomotives ($214k), and Plastic Lids ($159k). Over the past 5 years the exports of Montenegro to Romania have increased at an annualized rate of 9.12%, from $663k in 2018 to $1.03M in 2023.

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

Romania-Montenegro Trade: In 2023, Romania exported $43.6M to Montenegro. The main products that Romania exported to Montenegro were Processed Tobacco ($8.15M), Cars ($5.52M), and Particle Board ($2.03M). Over the past 5 years the exports of Romania to Montenegro have decreased at an annualized rate of 3.07%,  from $51M in 2018 to $43.6M in 2023.

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

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, Romania ranked 28 in the Economic Complexity Index (ECI 1.02), and 41 in total exports ($104B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $1.03M to Romania. The main products exported from Montenegro to Romania were Electric Locomotives ($433k), Other Locomotives ($214k), and Plastic Lids ($159k). During the last 5 years the exports of Montenegro to Romania have increased at an annualized rate of 9.12%, from $663k in 2018 to $1.03M in 2023.

In 2018, Romania exported $43.6M to Montenegro. The main products exported from Romania to Montenegro were Processed Tobacco ($8.15M), Cars ($5.52M), and Particle Board ($2.03M). During the last 5 years the exports of Romania to Montenegro have decreased at an annualized rate of 3.07%, from $51M in 2023 to $43.6M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Romania (Flag)

Montenegro Exports

Romania Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Romania
Top DestinationGermany$19.9B

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 2023, countries that imported more from Montenegro than Romania included Laos ($40.7k) and Grenada ($422).

In 2023, countries that imported more from Romania than Montenegro included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

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

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 2023, Montenegro had a large net trade with Romania in the exports of Transportation ($653k), Plastics and Rubbers ($159k), and Paper Goods ($86.6k).

During 2018, Romania had a large net trade with Montenegro in the exports of Foodstuffs ($13.2M), Transportation ($8.22M), and Machines ($6.48M).

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) (2023)

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