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2023
Flag → Flag
Exports $5.91MRnk 25 / 130
2023
Flag → Flag
Top Product $2.65MNitrogen Heterocyclic Compounds
2023
Flag → Flag
Exports $12MRnk 98 / 193
2023
Flag → Flag
Top Product $4.04MPoultry Meat
2023
Flag
Economic Complexity (ECI) ECI 0.39Rnk 47 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$179BCURRENT US$
Rnk 57 / 195
2013-2023
Flag
GDP GROWTH-6.16%CURRENT US$
Rnk 179 / 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$5,070CURRENT US$
Rnk 122 / 196
2013-2023
Flag
GDP PC GROWTH22.8%CURRENT US$
Rnk 95 / 195

About

Montenegro-Ukraine Trade: In 2023, Montenegro exported $5.91M to Ukraine. The main products that Montenegro exported to Ukraine were Nitrogen Heterocyclic Compounds ($2.65M), Fireworks ($1.09M), and Aircraft parts (gliders, balloons, and powered aircraft) ($1.08M). Over the past 5 years the exports of Montenegro to Ukraine have increased at an annualized rate of 67%, from $455k in 2018 to $5.91M in 2023.

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

Ukraine-Montenegro Trade: In 2023, Ukraine exported $12M to Montenegro. The main products that Ukraine exported to Montenegro were Poultry Meat ($4.04M), Other Nuts ($1.19M), and Confectionery Sugar ($679k). Over the past 5 years the exports of Ukraine to Montenegro have increased at an annualized rate of 3.93%,  from $9.86M in 2018 to $12M in 2023.

In 2023, Ukraine 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, Ukraine ranked 47 in the Economic Complexity Index (ECI 0.39), and 64 in total exports ($40.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $5.91M to Ukraine. The main products exported from Montenegro to Ukraine were Nitrogen Heterocyclic Compounds ($2.65M), Fireworks ($1.09M), and Aircraft parts (gliders, balloons, and powered aircraft) ($1.08M). During the last 5 years the exports of Montenegro to Ukraine have increased at an annualized rate of 67%, from $455k in 2018 to $5.91M in 2023.

In 2018, Ukraine exported $12M to Montenegro. The main products exported from Ukraine to Montenegro were Poultry Meat ($4.04M), Other Nuts ($1.19M), and Confectionery Sugar ($679k). During the last 5 years the exports of Ukraine to Montenegro have increased at an annualized rate of 3.93%, from $9.86M in 2023 to $12M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Ukraine (Flag)

Montenegro Exports

Ukraine Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Ukraine
Top DestinationPoland$4.83B

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

In 2023, countries that imported more from Montenegro than Ukraine included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Hong Kong ($32.5M).

In 2023, countries that imported more from Ukraine than Montenegro included Poland ($4.83B), Romania ($3.56B), and Turkey ($2.88B).

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

Comparative Advantage Montenegro - Ukraine

Flow
Scale

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

During 2023, Montenegro had a large net trade with Ukraine in the exports of Chemical Products ($3.98M), Transportation ($1.09M), and Foodstuffs ($332k).

During 2018, Ukraine had a large net trade with Montenegro in the exports of Animal Products ($4.06M), Foodstuffs ($2.04M), and Machines ($1.74M).

Economic Complexity

Competitive Landscape

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

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

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