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2023
Flag → Flag
Exports $21.1MRnk 16 / 130
2023
Flag → Flag
Top Product $9.93MScrap Iron
2023
Flag → Flag
Exports $216MRnk 104 / 216
2023
Flag → Flag
Top Product $13.4MOther Furniture
2023
Flag
Economic Complexity (ECI) ECI 0.62Rnk 41 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$1.12TCURRENT US$
Rnk 18 / 195
2013-2023
Flag
GDP GROWTH16.8%CURRENT US$
Rnk 149 / 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$13,106CURRENT US$
Rnk 77 / 196
2013-2023
Flag
GDP PC GROWTH4.19%CURRENT US$
Rnk 147 / 195

About

Montenegro-Turkey Trade: In 2023, Montenegro exported $21.1M to Turkey. The main products that Montenegro exported to Turkey were Scrap Iron ($9.93M), Jewellery ($3.93M), and Chlorates and Perchlorates ($1.58M). Over the past 5 years the exports of Montenegro to Turkey have increased at an annualized rate of 0.36%, from $20.8M in 2018 to $21.1M in 2023.

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

Turkey-Montenegro Trade: In 2023, Turkey exported $216M to Montenegro. The main products that Turkey exported to Montenegro were Other Furniture ($13.4M), Jewellery ($12M), and Non-Knit Women's Suits ($6.99M). Over the past 5 years the exports of Turkey to Montenegro have increased at an annualized rate of 15.5%,  from $105M in 2018 to $216M in 2023.

In 2023, Turkey 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, Turkey ranked 41 in the Economic Complexity Index (ECI 0.62), and 28 in total exports ($272B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $21.1M to Turkey. The main products exported from Montenegro to Turkey were Scrap Iron ($9.93M), Jewellery ($3.93M), and Chlorates and Perchlorates ($1.58M). During the last 5 years the exports of Montenegro to Turkey have increased at an annualized rate of 0.36%, from $20.8M in 2018 to $21.1M in 2023.

In 2018, Turkey exported $216M to Montenegro. The main products exported from Turkey to Montenegro were Other Furniture ($13.4M), Jewellery ($12M), and Non-Knit Women's Suits ($6.99M). During the last 5 years the exports of Turkey to Montenegro have increased at an annualized rate of 15.5%, from $105M in 2023 to $216M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Turkey (Flag)

Montenegro Exports

Turkey Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Turkey
Top DestinationGermany$24.7B

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

In 2023, no countries were registered that imported more from Montenegro than from Turkey.

In 2023, countries that imported more from Turkey than Montenegro included Germany ($24.7B), United States ($15.9B), and United Kingdom ($15.1B).

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

Comparative Advantage Montenegro - Turkey

Flow
Scale

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

During 2023, Montenegro had a large net trade with Turkey in the exports of Metals ($11.4M), Precious Metals ($3.93M), and Chemical Products ($2.8M).

During 2018, Turkey had a large net trade with Montenegro in the exports of Machines ($36.4M), Textiles ($34.8M), and Miscellaneous ($24.7M).

Economic Complexity

Competitive Landscape

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

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

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