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2022
Flag → Flag
Exports $18.1kRnk 153 / 166
2022
Flag → Flag
Top Product $9.95kCocoa Butter
2022
Flag → Flag
Exports $117kRnk 67 / 123
2022
Flag → Flag
Top Product $65.8kAircraft Parts
2022
Flag
Economic Complexity (ECI) ECI -1.67Rnk 127 / 133
2022
Flag  
GDP$477BCURRENT US$
Rnk 30 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 159 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC $2,184CURRENT US$
Rnk 146 / 186
2012-2022
Flag
GDP PC GROWTH-19.9%CURRENT US$
Rnk 173 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Nigeria-Montenegro Trade: In 2022, Nigeria exported $18.1k to Montenegro. The main products that Nigeria exported to Montenegro were Cocoa Butter ($9.95k), Spices ($4.74k), and Coconuts, Brazil Nuts, and Cashews ($2.51k). Over the past 5 years the exports of Nigeria to Montenegro have increased at an annualized rate of 13.2%, from $9.74k in 2017 to $18.1k in 2022.

In 2022, Nigeria did not export any services to Montenegro.

Montenegro-Nigeria Trade: In 2022, Montenegro exported $117k to Nigeria. The main products that Montenegro exported to Nigeria were Aircraft Parts ($65.8k), Combustion Engines ($24.1k), and Delivery Trucks ($14.7k). Over the past 5 years the exports of Montenegro to Nigeria have decreased at an annualized rate of 4.18%,  from $145k in 2017 to $117k in 2022.

In 2022, Montenegro did not export any services to Nigeria.

Comparison In 2022,  Nigeria ranked 127 in the Economic Complexity Index (ECI -1.67),  and 51 in total exports ($70.7B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Nigeria exported $18.1k to Montenegro. The main products exported from Nigeria to Montenegro were Cocoa Butter ($9.95k), Spices ($4.74k), and Coconuts, Brazil Nuts, and Cashews ($2.51k). During the last 5 years the exports of Nigeria to Montenegro have increased at an annualized rate of 13.2%, from $9.74k in 2017 to $18.1k in 2022.

In 2017, Montenegro exported $117k to Nigeria. The main products exported from Montenegro to Nigeria were Aircraft Parts ($65.8k), Combustion Engines ($24.1k), and Delivery Trucks ($14.7k). During the last 5 years the exports of Montenegro to Nigeria have decreased at an annualized rate of 4.18%, from $145k in 2022 to $117k in 2017.

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

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

Latest Data

Trade between Nigeria (Flag) and Montenegro (Flag)

Montenegro Exports

Market Competitiveness

Color
Nigeria
Top DestinationSpain$9.41B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Nigeria than Montenegro included Spain ($9.41B), India ($8.2B), and France ($4.95B).

In 2022, countries that imported more from Montenegro than Nigeria included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Slovenia ($55M).

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

Comparative Advantage Nigeria - Montenegro

Flow
Scale

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

During 2022, Nigeria had a large net trade with Montenegro in the exports of Foodstuffs ($10.9k) and Vegetable Products ($7.25k).

During 2017, Montenegro had a large net trade with Nigeria in the exports of Transportation ($81.2k), Machines ($33.3k), and Textiles ($1.32k).

Economic Complexity

Competitive Landscape

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

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

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