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Flag → Flag
Exports $75.9MRnk 15 / 126
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Flag → Flag
Top Product $75.9MRaw Aluminium
2022
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Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%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 GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

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

Venezuela-Montenegro Trade: In N/A, 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). Over the past N/A years the exports of Venezuela to Montenegro have increased at an annualized rate of 374%,  from $31.8k in N/A to $75.9M in N/A.

In N/A, 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

Montenegro does not register exports to Venezuela.

In 2017, 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 5 years the exports of Venezuela to Montenegro have increased at an annualized rate of 374%, from $31.8k in 2022 to $75.9M in 2017.

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

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

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Venezuela
Top DestinationChina$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 2022, countries that imported more from Montenegro than Venezuela included South Korea ($321M), Serbia ($159M), and Switzerland ($116M).

In 2022, countries that imported more from Venezuela than Montenegro included 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 2017, 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 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.

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

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