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2023
Flag → Flag
Exports $107MRnk 45 / 199
2023
Flag → Flag
Top Product $17.3MCars
2023
Flag → Flag
Exports $77.9MRnk 4 / 130
2023
Flag → Flag
Top Product $48.7MElectricity
2023
Flag
Economic Complexity (ECI) ECI 1.48Rnk 12 / 132
2023
Flag  
GDP$69.1BCURRENT US$
Rnk 85 / 195
2013-2023
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GDP GROWTH44.5%CURRENT US$
Rnk 88 / 195
2023
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 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
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GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
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GDP PC $32,610CURRENT US$
Rnk 43 / 195
2013-2023
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GDP PC GROWTH40.3%CURRENT US$
Rnk 61 / 195
2023
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GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
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GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Slovenia-Montenegro Trade: In 2023, Slovenia exported $107M to Montenegro. The main products that Slovenia exported to Montenegro were Cars ($17.3M), Electricity ($10.6M), and Packaged Medicaments ($5.81M). Over the past 5 years the exports of Slovenia to Montenegro have increased at an annualized rate of 2.03%, from $96.5M in 2018 to $107M in 2023.

In 2023, Slovenia did not export any services to Montenegro.

Montenegro-Slovenia Trade: In 2023, Montenegro exported $77.9M to Slovenia. The main products that Montenegro exported to Slovenia were Electricity ($48.7M), Refined Petroleum ($17.5M), and Aircraft parts (gliders, balloons, and powered aircraft) ($3.09M). Over the past 5 years the exports of Montenegro to Slovenia have increased at an annualized rate of 17.3%,  from $35.1M in 2018 to $77.9M in 2023.

In 2023, Montenegro did not export any services to Slovenia.

Comparison In 2023,  Slovenia ranked 12 in the Economic Complexity Index (ECI 1.48),  and 53 in total exports ($60.8B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Slovenia exported $107M to Montenegro. The main products exported from Slovenia to Montenegro were Cars ($17.3M), Electricity ($10.6M), and Packaged Medicaments ($5.81M). During the last 5 years the exports of Slovenia to Montenegro have increased at an annualized rate of 2.03%, from $96.5M in 2018 to $107M in 2023.

In 2018, Montenegro exported $77.9M to Slovenia. The main products exported from Montenegro to Slovenia were Electricity ($48.7M), Refined Petroleum ($17.5M), and Aircraft parts (gliders, balloons, and powered aircraft) ($3.09M). During the last 5 years the exports of Montenegro to Slovenia have increased at an annualized rate of 17.3%, from $35.1M in 2023 to $77.9M in 2018.

Exports from Slovenia (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Slovenia (Flag) (2023)

Latest Data

Trade between Slovenia (Flag) and Montenegro (Flag)

Slovenia Exports

Montenegro Exports

Market Competitiveness

Color
Slovenia
Top DestinationSwitzerland$13.5B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Slovenia than Montenegro included Switzerland ($13.5B), Germany ($7.21B), and Italy ($6.23B).

In 2023, countries that imported more from Montenegro than Slovenia included Eswatini ($25.6k) and Grenada ($422).

Difference in imports from Montenegro (Flag) and Slovenia (Flag) (2023)

Comparative Advantage Slovenia - Montenegro

Flow
Scale

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

During 2023, Slovenia had a large net trade with Montenegro in the exports of Transportation ($30.7M), Machines ($16.7M), and Chemical Products ($13.9M).

During 2018, Montenegro had a large net trade with Slovenia in the exports of Mineral Products ($66.6M), Transportation ($3.69M), and Metals ($3.25M).

Economic Complexity

Competitive Landscape

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

Product Space of Slovenia (Flag) and Montenegro (Flag) (2023)

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