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2023
Flag → Flag
Exports $77.9MRnk 4 / 130
2023
Flag → Flag
Top Product $48.7MElectricity
2023
Flag → Flag
Exports $107MRnk 45 / 199
2023
Flag → Flag
Top Product $17.3MCars
2023
Flag
Economic Complexity (ECI) ECI 1.48Rnk 12 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
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 GDP$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
Flag
GDP GROWTH44.5%CURRENT US$
Rnk 88 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
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GDP PC$32,610CURRENT US$
Rnk 43 / 196
2013-2023
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GDP PC GROWTH40.3%CURRENT US$
Rnk 61 / 195

About

Montenegro-Slovenia Trade: In 2023, Montenegro exported $77.9M to Slovenia. The main products that Montenegro exported to Slovenia were Electricity ($48.7M), Refined Petroleum ($17.5M), and Aircraft parts (gliders, balloons, and powered aircraft) ($3.09M). Over the past 5 years the exports of Montenegro to Slovenia have increased at an annualized rate of 17.3%, from $35.1M in 2018 to $77.9M in 2023.

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

Slovenia-Montenegro Trade: In 2023, Slovenia exported $107M to Montenegro. The main products that Slovenia exported to Montenegro were Cars ($17.3M), Electricity ($10.6M), and Packaged Medicaments ($5.81M). Over the past 5 years the exports of Slovenia to Montenegro have increased at an annualized rate of 2.03%,  from $96.5M in 2018 to $107M in 2023.

In 2023, Slovenia 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, Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48), and 53 in total exports ($60.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $77.9M to Slovenia. The main products exported from Montenegro to Slovenia were Electricity ($48.7M), Refined Petroleum ($17.5M), and Aircraft parts (gliders, balloons, and powered aircraft) ($3.09M). During the last 5 years the exports of Montenegro to Slovenia have increased at an annualized rate of 17.3%, from $35.1M in 2018 to $77.9M in 2023.

In 2018, Slovenia exported $107M to Montenegro. The main products exported from Slovenia to Montenegro were Cars ($17.3M), Electricity ($10.6M), and Packaged Medicaments ($5.81M). During the last 5 years the exports of Slovenia to Montenegro have increased at an annualized rate of 2.03%, from $96.5M in 2023 to $107M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Slovenia (Flag)

Montenegro Exports

Slovenia Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Slovenia
Top DestinationSwitzerland$13.5B

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

In 2023, countries that imported more from Montenegro than Slovenia included Eswatini ($25.6k) and Grenada ($422).

In 2023, countries that imported more from Slovenia than Montenegro included Switzerland ($13.5B), Germany ($7.21B), and Italy ($6.23B).

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

Comparative Advantage Montenegro - Slovenia

Flow
Scale

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

During 2023, Montenegro had a large net trade with Slovenia in the exports of Mineral Products ($66.6M), Transportation ($3.69M), and Metals ($3.25M).

During 2018, Slovenia had a large net trade with Montenegro in the exports of Transportation ($30.7M), Machines ($16.7M), and Chemical Products ($13.9M).

Economic Complexity

Competitive Landscape

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

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

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