Andorra (AND) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

About

Andorra-Montenegro Trade: In 2023, Andorra exported $85.5k to Montenegro. The main products that Andorra exported to Montenegro were Integrated Circuits ($84.8k), Knit Men's Suits ($622), and Chocolate ($102). Over the past 5 years the exports of Andorra to Montenegro have decreased at an annualized rate of 3.13%, from $100k in 2018 to $85.5k in 2023.

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

Montenegro-Andorra In false, Montenegro did not export any products to Andorra.

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

Comparison In 2023, Andorra ranked 180 in total exports ($253M). That same year, Montenegro ranked 151 in total exports ($1.53B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Andorra exported $85.5k to Montenegro. The main products exported from Andorra to Montenegro were Integrated Circuits ($84.8k), Knit Men's Suits ($622), and Chocolate ($102). During the last 5 years the exports of Andorra to Montenegro have decreased at an annualized rate of 3.13%, from $100k in 2018 to $85.5k in 2023.

Montenegro does not register exports to Andorra.

Exports from Andorra () to Montenegro () (2023)

Exports from Montenegro () to Andorra () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Andorra
Top DestinationSpain$99.1M

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Andorra than Montenegro included United States ($53.2M), France ($27.4M), and United Kingdom ($12.1M).

In 2023, countries that imported more from Montenegro than Andorra included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

Difference in imports from Montenegro () and Andorra () (2023)

Comparative Advantage Andorra - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Andorra had a large net trade with Montenegro in the exports of Machines ($84.8k), Textiles ($622), and Foodstuffs ($102).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Andorra () to Montenegro () (2023)

Exports from Montenegro () to Andorra () (2023)

Market Competitiveness

Difference in imports from Montenegro () and Andorra () (2023)

Comparative Advantage Andorra - Montenegro

Economic Complexity

Competitive Landscape

Product Space of Andorra () and Montenegro () (2023)

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