Montenegro (MNE) and Venezuela (VEN) Trade | The Observatory of Economic Complexity

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In N/A, Montenegro did not export any services to Venezuela.

Venezuela-Montenegro Trade: In N/A, Venezuela exported $2.22M to Montenegro. The main products that Venezuela exported to Montenegro were Raw Aluminium ($2.17M), Hard Liquor ($38k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($11.4k). Over the past N/A years the exports of Venezuela to Montenegro have increased at an annualized rate of 284%, from $2.66k in N/A to $2.22M in N/A.

In N/A, Venezuela 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, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Montenegro does not register exports to Venezuela.

In 2018, Venezuela exported $2.22M to Montenegro. The main products exported from Venezuela to Montenegro were Raw Aluminium ($2.17M), Hard Liquor ($38k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($11.4k). During the last 5 years the exports of Venezuela to Montenegro have increased at an annualized rate of 284%, from $2.66k in 2023 to $2.22M in 2018.

Exports from Montenegro () to Venezuela () (2023)

Exports from Venezuela () to Montenegro () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationItaly$576M

Venezuela
Top DestinationUnited States$3.81B

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

In 2023, countries that imported more from Montenegro than Venezuela included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

In 2023, countries that imported more from Venezuela than Montenegro included United States ($3.81B), China ($739M), and Spain ($670M).

Difference in imports from Venezuela () and Montenegro () (2023)

Comparative Advantage Montenegro - Venezuela

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2018, Venezuela had a large net trade with Montenegro in the exports of Metals ($2.17M), Foodstuffs ($38.3k), and Chemical Products ($11.4k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Venezuela () (2023)

Exports from Venezuela () to Montenegro () (2023)

Market Competitiveness

Difference in imports from Venezuela () and Montenegro () (2023)

Comparative Advantage Montenegro - Venezuela

Economic Complexity

Competitive Landscape

Product Space of Montenegro () and Venezuela () (2023)

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