New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $20.9MRnk 84 / 206
2022
Flag → Flag
Top Product $3.09MBaked Goods
2022
Flag → Flag
Exports $14.1MRnk 17 / 123
2022
Flag → Flag
Top Product $10.8MCopper Ore
2022
Flag
Economic Complexity (ECI) ECI 0.66Rnk 37 / 124
2022
Flag  
GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC $13,772CURRENT US$
Rnk 64 / 186
2012-2022
Flag
GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Bulgaria-Montenegro In 2022, Bulgaria exported $20.9M to Montenegro. The main products that Bulgaria exported to Montenegro are Baked Goods ($3.09M), Float Glass ($1.31M), and Refined Petroleum ($825k). During the last 16 years the exports of Bulgaria to Montenegro have increased at an annualized rate of 6.14%, from $8.05M in 2006 to $20.9M in 2022.

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

Montenegro-Bulgaria In 2022, Montenegro exported $14.1M to Bulgaria. The main products that Montenegro exported to Bulgaria were Copper Ore ($10.8M), Raw Aluminium ($1.64M), and Video and Card Games ($404k). During the last 16 years the exports of Montenegro to Bulgaria have increased at an annualized rate of 38.1%, from $80.2k in 2006 to $14.1M in 2022.

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

Comparison In 2022,  Bulgaria ranked 37 in the Economic Complexity Index (ECI 0.66),  and 60 in total exports ($51.9B). 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, Bulgaria exported $20.9M to Montenegro. The main products exported from Bulgaria to Montenegro were Baked Goods ($3.09M), Float Glass ($1.31M), and Refined Petroleum ($825k). During the last 16 years the exports of Bulgaria to Montenegro have increased at an annualized rate of 6.14%, from $8.05M in 2006 to $20.9M in 2022.

In 2022, Montenegro exported $14.1M to Bulgaria. The main products exported from Montenegro to Bulgaria were Copper Ore ($10.8M), Raw Aluminium ($1.64M), and Video and Card Games ($404k). During the last 16 years the exports of Montenegro to Bulgaria have increased at an annualized rate of 38.1%, from $80.2k in 2006 to $14.1M in 2022.

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

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

Latest Data

Trade between Bulgaria (Flag) and Montenegro (Flag)

Bulgaria Exports

Montenegro Exports

Market Competitiveness

Color
Bulgaria
Top DestinationGermany$6.91B
Montenegro
Top DestinationSouth Korea$321M

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

In 2021, countries that imported more from Bulgaria than Montenegro were Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

In 2021, countries that imported more from Montenegro than Bulgaria were South Korea ($321M), Cayman Islands ($1.66M), and Republic of the Congo ($967k).

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

Comparative Advantage Bulgaria - Montenegro

Flow
Scale

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

During 2022, Bulgaria had a large net trade with Montenegro in the exports of Foodstuffs ($5.78M), Stone And Glass ($3.68M), and Machines ($2.43M).

During 2022, Montenegro had a large net trade with Bulgaria in the exports of Mineral Products ($10.8M), Metals ($1.7M), and Miscellaneous ($507k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Bulgaria has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Bulgaria.

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms