Overview: This page contains the latest international trade data for Montenegro, including service trade data. In 2018 Montenegro was the number 152 economy in the world in terms of GDP (current US$), the number 164 in total exports, and the number 145 in total imports. In 2018, Montenegro exported $475M and imported $3.51B, resulting in a negative trade balance of -$3.04B. In 2018, Montenegro's exports per capita were $763 and its imports per capita were $5.65k.
In 2018 Montenegro exported a total of $475M, making it the number 164 exporter in the world. During the last five reported years the exports of Montenegro have changed by -$142M from $617M in 2013 to $475M in 2018.
In 2018 Montenegro imported $3.51B, making it the number 145 trade destination in the world. During the last five reported years the imports of Montenegro changed by $945M from $2.57B in 2013 to $3.51B in 2018.
In 2017, Montenegro exported $1.56B worth of services. The top services exported by Montenegro in 2017 were Travel ($1.04B), Transportation ($295M), Miscellaneous business, professional, and technical services ($80.5M), Computer and information services ($61.2M), and Construction services ($35.2M).
The top services imported by Montenegro in 2017 were Transportation ($243M), Miscellaneous business, professional, and technical services ($119M), Travel ($66.9M), Computer and information services ($64.6M), and Construction services ($32.9M).
This section shows forecasts for total product exports and imports for Montenegro. The forecast is based in a long short-term memory model or LSTM constructed using yearly trade data.
The top export opportunities for Montenegro according to the relatedness index, are Rough Wood (0.16), Crude Petroleum (0.15), Non-fillet Fresh Fish (0.15), Cement (0.15), and Wheat Flours (0.15). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Montenegro is not specialized in.
The 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 it is currently specialized in.
The Complexity-Relatedness diagram compares the risk and the strategic value of a country's potential export oppotunities.
Relatedness is a 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 emissions.
Montenegro
