MNEOverview In N/A Montenegro was the number 165 economy in the world in terms of total exports and the number 150 in total imports.
Exports The top exports of Montenegro are Copper Ore ($117M), Raw Aluminium ($102M), Electricity ($75.4M), Dried Legumes ($71.9M), and Packaged Medicaments ($58.9M), exporting mostly to N/A.
Imports The top imports of Montenegro are Refined Petroleum ($374M), Electricity ($133M), Packaged Medicaments ($113M), Cars ($112M), and Recreational Boats ($87.2M), importing mostly from Serbia ($961M), Greece ($355M), Croatia ($276M), China ($266M), and Bosnia and Herzegovina ($235M).
Location Montenegro borders Albania, Bosnia and Herzegovina, Croatia, and Serbia by land and Italy by sea.
Latest Trends
#permalink to sectionLatest Trade
#permalink to sectionThe following section uses the most recent trade data from partners of Montenegro.
Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Latest Data
#permalink to sectionThe data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.
*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.
Economic Complexity
#permalink to sectionMost Specialized Products by RCA Index
#permalink to sectionMontenegro has a high level of specialization in N/A. Specialization is measured using RCA, an index that takes the ratio between Montenegro observed and expected exports in each product.
Most Complex Products by PCI
#permalink to sectionThe highest complexity exports of Montenegro according to the product complexity index (PCI) are N/A. PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.
Export Opportunities by Relatedness
#permalink to sectionThe top export opportunities for Montenegro according to the relatedness index, were Rough Wood (0.15), Gold (0.15), Shaped Wood (0.14), Cement (0.14), and Flavored Water (0.14). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Montenegro is not specialized in.
Product Space
#permalink to sectionThe product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
Diversification Frontier
#permalink to sectionThe Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.
