Flag Montenegro

Overview In N/A Montenegro was the number 149 economy in the world in terms of GDP (current US$), the number 168 in total exports, the number 150 in total imports, the number 78 economy in terms of GDP per capita (current US$) and the number null most complex economy according to the Economic Complexity Index (ECI).

Exports The top exports of Montenegro are Raw Aluminium ($81.4M), Aluminium Ore ($43M), Packaged Medicaments ($37.5M), Cars ($23.1M), and Zinc Ore ($15.5M), exporting mostly to N/A.

Imports The top imports of Montenegro are N/A, importing mostly from N/A.

Location Montenegro borders Albania, Bosnia and Herzegovina, Croatia, and Serbia by land and Italy by sea.

Historical Data

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Yearly Imports

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Top Import (2019): N/A, $N/A

Top Origin (2019): N/A, $N/A

In 2019 Montenegro imported $2.97B, making it the number 150 trade destination in the world. During the last five reported years the imports of Montenegro changed by $93.1M from $2.88B in N/A to $2.97B in 2019.

The most recent imports of Montenegro are led by N/A. The most common import partners for Montenegro are N/A.

Explore Visualizations

Flow

Fastest Growing Import Markets (N/A - N/A)

Tariffs by Product

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The top product import tariffs by their MFN Ad Valorem value for Montenegro are N/A.

Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.

*The tariffs applied to imports for Montenegro are:
136: Most Favoured Nation duty rate treatement
160: Preferential tariff for Albania
172: Preferential tariff for Bosnia and Herzegovina
220: Preferential tariff for European Union countries (SAA) Stabilisation and Association Agreement
238: Preferential tariff for Iceland
263: Preferential tariff for Macedonia, Former Yugoslav Republic of
281: Preferential tariff for Norway
292: Preferential tariff for Russian federation
307: Preferential tariff for Switzerland and Liechtenstein
318: Preferential tariff for the republic of Moldova
322: Preferential tariff for Turkey
325: Preferential tariff for Ukraine
403: Montenegro Preferential tariff for Least Developed Countries (LDCs)

Economic Complexity

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Most Specialized Products by RCA Index

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Montenegro has a high level of specialization in Aluminium Ore (337), Preserved Meat (85.7), Chlorates and Perchlorates (76.9), Raw Aluminium (70.5), and Lead Ore (68). 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

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The highest complexity exports of Montenegro according to the product complexity index (PCI) are Photograph film, rolls, unexposed, not paper (1.96), Equipment for physical and chemical analysis (1.72), Shafts, cranks, gears, clutches, flywheel, pulleys etc (1.6), Bar, rod nes, stainless steel, angles, shapes/sections (1.26), and Orthopaedic appliances (1.24). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

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The top export opportunities for Montenegro according to the relatedness index, are Flavored Water (0.14), Crude Petroleum (0.14), Cement (0.14), Rough Wood (0.13), and Wheat Flours (0.13). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Montenegro is not specialized in.

Relatedness Space

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This network shows the products most related to the production structure of Montenegro. These are products that tend to be co-exported with the products that Montenegro exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Diversification Frontier

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The 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.