NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $82.3MRnk 8 / 126
2023
Flag → Flag
Top Product $16.9MCement
2023
Flag → Flag
Exports $25.3MRnk 14 / 130
2023
Flag → Flag
Top Product $8.32MSawn Wood
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag  
GDP$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $8,575CURRENT US$
Rnk 93 / 195
2013-2023
Flag
GDP PC GROWTH94.3%CURRENT US$
Rnk 10 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Albania-Montenegro Trade: In 2023, Albania exported $82.3M to Montenegro. The main products that Albania exported to Montenegro were Cement ($16.9M), Petroleum Coke ($8.84M), and Raw Iron Bars ($6.29M). Over the past 5 years the exports of Albania to Montenegro have increased at an annualized rate of 10.3%, from $50.4M in 2018 to $82.3M in 2023.

In 2023, Albania did not export any services to Montenegro.

Montenegro-Albania Trade: In 2023, Montenegro exported $25.3M to Albania. The main products that Montenegro exported to Albania were Sawn Wood ($8.32M), Electricity ($4.95M), and Small Iron Containers ($2M). Over the past 5 years the exports of Montenegro to Albania have increased at an annualized rate of 11.3%,  from $14.8M in 2018 to $25.3M in 2023.

In 2023, Montenegro did not export any services to Albania.

Comparison In 2023,  Albania ranked 77 in the Economic Complexity Index (ECI -0.33),  and 134 in total exports ($4.25B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Albania exported $82.3M to Montenegro. The main products exported from Albania to Montenegro were Cement ($16.9M), Petroleum Coke ($8.84M), and Raw Iron Bars ($6.29M). During the last 5 years the exports of Albania to Montenegro have increased at an annualized rate of 10.3%, from $50.4M in 2018 to $82.3M in 2023.

In 2018, Montenegro exported $25.3M to Albania. The main products exported from Montenegro to Albania were Sawn Wood ($8.32M), Electricity ($4.95M), and Small Iron Containers ($2M). During the last 5 years the exports of Montenegro to Albania have increased at an annualized rate of 11.3%, from $14.8M in 2023 to $25.3M in 2018.

Exports from Albania (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Albania (Flag) (2023)

Latest Data

Trade between Albania (Flag) and Montenegro (Flag)

Albania Exports

Montenegro Exports

Market Competitiveness

Color
Albania
Top DestinationItaly$1.72B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Albania than Montenegro included Italy ($1.72B), Greece ($409M), and Germany ($234M).

In 2023, countries that imported more from Montenegro than Albania included Slovenia ($77.9M), Bosnia and Herzegovina ($67.5M), and Hong Kong ($32.5M).

Difference in imports from Montenegro (Flag) and Albania (Flag) (2023)

Comparative Advantage Albania - Montenegro

Flow
Scale

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

During 2023, Albania had a large net trade with Montenegro in the exports of Mineral Products ($35.1M), Metals ($16.4M), and Vegetable Products ($9.53M).

During 2018, Montenegro had a large net trade with Albania in the exports of Wood Products ($9.16M), Mineral Products ($5.06M), and Metals ($4.75M).

Economic Complexity

Competitive Landscape

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

Product Space of Albania (Flag) and Montenegro (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms