2023
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GDP
$7.53BCURRENT US$
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2013-2023
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GDP GROWTH
68.6%CURRENT US$
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2023
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GDP PC 
$12,221CURRENT US$
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2013-2023
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GDP PC GROWTH
70%CURRENT US$
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About

Montenegro-British Virgin Islands Trade: In 2023, Montenegro exported $11.5k to British Virgin Islands. The main products that Montenegro exported to British Virgin Islands were Recreational Boats ($10.9k) and Textile Footwear ($603). Over the past 13 years the exports of Montenegro to British Virgin Islands have increased at an annualized rate of 9.16%, from $3.69k in 2010 to $11.5k in 2023.

In 2023, Montenegro did not export any services to British Virgin Islands.

British Virgin Islands-Montenegro Trade: In 2023, British Virgin Islands exported $145 to Montenegro. The main products that British Virgin Islands exported to Montenegro were N/A. Over the past 13 years the exports of British Virgin Islands to Montenegro have decreased at an annualized rate of 61.9%,  from $18.1k in 2010 to $145 in 2023.

In 2023, British Virgin Islands did not export any services to Montenegro.

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B). That same year, British Virgin Islands ranked 178 in total exports ($281M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $11.5k to British Virgin Islands. The main products exported from Montenegro to British Virgin Islands were Recreational Boats ($10.9k) and Textile Footwear ($603). During the last 13 years the exports of Montenegro to British Virgin Islands have increased at an annualized rate of 9.16%, from $3.69k in 2010 to $11.5k in 2023.

In 2016, British Virgin Islands exported $145 to Montenegro. There were not main exports from British Virgin Islands to Montenegro in 2016. During the last 5 years the exports of British Virgin Islands to Montenegro have decreased at an annualized rate of 61.9%, from $18.1k in 2021 to $145 in 2016.

Exports from Montenegro (Flag) to British Virgin Islands (Flag) (2023)

Exports from British Virgin Islands (Flag) to Montenegro (Flag) (2023)

Latest Data

Trade between Montenegro (Flag) and British Virgin Islands (Flag)

Montenegro Exports

Market Competitiveness

Color
Montenegro
Top Destination
Italy$576M
British Virgin Islands
Top Destination
Malta$93.7M

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

In 2023, countries that imported more from Montenegro than British Virgin Islands included Italy ($576M), Serbia ($202M), and Spain ($91.1M).

In 2023, countries that imported more from British Virgin Islands than Montenegro included Malta ($93.7M), Guyana ($61.6M), and Indonesia ($11.5M).

Difference in imports from British Virgin Islands (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - British Virgin Islands

Flow
Scale

This chart compares trade between Montenegro and British Virgin Islands by product, considering products traded by both, Montenegro and British Virgin Islands.

During 2023, Montenegro had a large net trade with British Virgin Islands in the exports of Transportation ($10.9k) and Footwear and Headwear ($603).

During 2016, British Virgin Islands had a large net trade with Montenegro in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and British Virgin Islands (Flag) (2023)

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