2022
Flag  
GDP
$406BCURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP GROWTH
-6.57%CURRENT US$
Rnk 171 / 186
2022
Flag
 GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC 
$6,776CURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP PC GROWTH
-17.1%CURRENT US$
Rnk 167 / 186
2022
Flag
GDP PC
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186

About

South Africa-Montenegro Trade: In 2022, South Africa exported $4.71M to Montenegro. The main products that South Africa exported to Montenegro were Raw Aluminium ($1.49M), Refined Petroleum ($1.19M), and Citrus ($621k). Over the past 5 years the exports of South Africa to Montenegro have increased at an annualized rate of 14.4%, from $2.4M in 2017 to $4.71M in 2022.

In 2022, South Africa did not export any services to Montenegro.

Montenegro-South Africa Trade: In 2022, Montenegro exported $48k to South Africa. The main products that Montenegro exported to South Africa were Centrifuges ($12.9k), Transmissions ($11.4k), and Low-voltage Protection Equipment ($4.33k). Over the past 5 years the exports of Montenegro to South Africa have decreased at an annualized rate of 48%,  from $1.27M in 2017 to $48k in 2022.

In 2022, Montenegro did not export any services to South Africa.

Comparison In 2022,  South Africa ranked 59 in the Economic Complexity Index (ECI 0.076),  and 34 in total exports ($147B). 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, South Africa exported $4.71M to Montenegro. The main products exported from South Africa to Montenegro were Raw Aluminium ($1.49M), Refined Petroleum ($1.19M), and Citrus ($621k). During the last 5 years the exports of South Africa to Montenegro have increased at an annualized rate of 14.4%, from $2.4M in 2017 to $4.71M in 2022.

In 2017, Montenegro exported $48k to South Africa. The main products exported from Montenegro to South Africa were Centrifuges ($12.9k), Transmissions ($11.4k), and Low-voltage Protection Equipment ($4.33k). During the last 5 years the exports of Montenegro to South Africa have decreased at an annualized rate of 48%, from $1.27M in 2022 to $48k in 2017.

Exports from South Africa (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to South Africa (Flag) (2022)

Market Competitiveness

Color
South Africa
Top Destination
China$23.4B
Montenegro
Top Destination
South Korea$321M

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

In 2022, countries that imported more from South Africa than Montenegro included China ($23.4B), United States ($10.9B), and Germany ($9.96B).

In 2022, countries that imported more from Montenegro than South Africa included Bosnia and Herzegovina ($95.5M), Serbia ($159M), and Albania ($21.9M).

Difference in imports from Montenegro (Flag) and South Africa (Flag) (2022)

Comparative Advantage South Africa - Montenegro

Flow
Scale

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

During 2022, South Africa had a large net trade with Montenegro in the exports of Metals ($1.5M), Mineral Products ($1.32M), and Vegetable Products ($1.02M).

During 2017, Montenegro had a large net trade with South Africa in the exports of Machines ($35.5k), Textiles ($5.94k), and Footwear and Headwear ($2.37k).

Economic Complexity

Competitive Landscape

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

Product Space of South Africa (Flag) and Montenegro (Flag) (2022)

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