2022
Flag  
GDP
$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH
8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
 GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC 
$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH
-5.23%CURRENT US$
Rnk 153 / 186
2022
Flag
GDP PC
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186

About

Australia-Montenegro Trade: In 2022, Australia exported $2.09M to Montenegro. The main products that Australia exported to Montenegro were Delivery Trucks ($317k), High-voltage Protection Equipment ($218k), and Fish Fillets ($65.5k). Over the past 5 years the exports of Australia to Montenegro have increased at an annualized rate of 57.1%, from $218k in 2017 to $2.09M in 2022.

In 2022, Australia did not export any services to Montenegro.

Montenegro-Australia Trade: In 2022, Montenegro exported $433k to Australia. The main products that Montenegro exported to Australia were Centrifuges ($107k), Aluminium Structures ($71.5k), and Aluminium Bars ($70.5k). Over the past 5 years the exports of Montenegro to Australia have increased at an annualized rate of 76.7%,  from $25.1k in 2017 to $433k in 2022.

In 2022, Montenegro did not export any services to Australia.

Comparison In 2022,  Australia ranked 78 in the Economic Complexity Index (ECI -0.24),  and 16 in total exports ($424B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Australia exported $2.09M to Montenegro. The main products exported from Australia to Montenegro were Delivery Trucks ($317k), High-voltage Protection Equipment ($218k), and Fish Fillets ($65.5k). During the last 5 years the exports of Australia to Montenegro have increased at an annualized rate of 57.1%, from $218k in 2017 to $2.09M in 2022.

In 2017, Montenegro exported $433k to Australia. The main products exported from Montenegro to Australia were Centrifuges ($107k), Aluminium Structures ($71.5k), and Aluminium Bars ($70.5k). During the last 11 years the exports of Montenegro to Australia have increased at an annualized rate of 76.7%, from $25.1k in 2006 to $433k in 2017.

Exports from Australia (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to Australia (Flag) (2022)

Latest Data

Trade between Australia (Flag) and Montenegro (Flag)

Australia Exports

Montenegro Exports

Market Competitiveness

Color
Australia
Top Destination
China$123B
Montenegro
Top Destination
South Korea$321M

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

In 2022, countries that imported more from Australia than Montenegro included China ($123B), Japan ($80.1B), and South Korea ($41B).

In 2022, countries that imported more from Montenegro than Australia included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Luxembourg ($38.7M).

Difference in imports from Montenegro (Flag) and Australia (Flag) (2022)

Comparative Advantage Australia - Montenegro

Flow
Scale

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

During 2022, Australia had a large net trade with Montenegro in the exports of Transportation ($323k), Machines ($237k), and Animal Products ($108k).

During 2017, Montenegro had a large net trade with Australia in the exports of Machines ($178k), Metals ($152k), and Foodstuffs ($78.5k).

Economic Complexity

Competitive Landscape

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

Product Space of Australia (Flag) and Montenegro (Flag) (2022)

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