2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186

About

Montenegro-Venezuela In 2016, Montenegro exported $66.8k to Venezuela. The main products that Montenegro exported to Venezuela are N/A. During the last 0 years the exports of Montenegro to Venezuela have remained the same at an annualized rate of N/A%, from $66.8k in 2016 to $66.8k in 2016.

In 2016, Montenegro did not export any services to Venezuela.

Venezuela-Montenegro In 2016, Venezuela exported $75.9M to Montenegro. The main products that Venezuela exported to Montenegro were Raw Aluminium ($75.9M), Acyclic Alcohols ($44.4k), and Hard Liquor ($34.7k). During the last 0 years the exports of Venezuela to Montenegro have increased at an annualized rate of N/A%, from $3.25k in 2016 to $75.9M in 2016.

In 2016, Venezuela did not export any services to Montenegro.

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87), and 132 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2016, Montenegro exported $66.8k to Venezuela. There were not main exports from Montenegro to Venezuela in 2016.

In 2022, Venezuela exported $75.9M to Montenegro. The main products exported from Venezuela to Montenegro were Raw Aluminium ($75.9M), Acyclic Alcohols ($44.4k), and Hard Liquor ($34.7k). During the last 16 years the exports of Venezuela to Montenegro have increased at an annualized rate of N/A%, from $3.25k in 2006 to $75.9M in 2022.

Exports from Montenegro (Flag) to Venezuela (Flag) (2022)

Exports from Venezuela (Flag) to Montenegro (Flag) (2022)

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Venezuela
Top Destination
China$703M

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 2021, countries that imported more from Montenegro than Venezuela were South Korea ($321M), Serbia ($159M), and Switzerland ($116M).

In 2021, countries that imported more from Venezuela than Montenegro were China ($703M), Turkey ($597M), and Spain ($518M).

Difference in imports from Venezuela (Flag) and Montenegro (Flag) (2022)

Comparative Advantage Montenegro - Venezuela

Flow
Scale

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

During 2016, Montenegro had a large net trade with Venezuela in the exports of .

During 2022, Venezuela had a large net trade with Montenegro in the exports of Metals ($75.9M), Chemical Products ($44.4k), and Foodstuffs ($34.7k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Montenegro has comparative advantage over Venezuela. Similarly, the more yellow a dot/product is, the more Venezuela has comparative advantage over Montenegro.

Product Space of Montenegro (Flag) and Venezuela (Flag) (2022)

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