In 2021, Montenegro exported a total of $828M, making it the number 165 exporter in the world. During the last five reported years the exports of Montenegro have changed by $399M from $429M in 2016 to $828M in 2021.
In 2019, Montenegro exported $1.9B worth of services. The top services exported by Montenegro in 2019 were Personal travel ($1.23B), Other transport ($234M), Miscellaneous business, professional, and technical services ($117M), Air transport ($85M), and Sea transport ($73.8M).
The top services imported by Montenegro in 2019 were Other transport ($249M), Miscellaneous business, professional, and technical services ($155M), Personal travel ($58.2M), Air transport ($50.3M), and Construction in the compiling economy ($42.5M).
The 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.
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 a country currently specializes in.
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.
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.