2023
Flag  
GDP
$71.9BCURRENT US$
Rnk 84 / 195
2013-2023
Flag
GDP GROWTH
-4.86%CURRENT US$
Rnk 175 / 195
2023
Flag
 GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC 
$7,829CURRENT US$
Rnk 98 / 195
2013-2023
Flag
GDP PC GROWTH
-2.11%CURRENT US$
Rnk 156 / 195
2023
Flag
GDP PC
$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195

About

Belarus-Montenegro Trade: In 2023, Belarus exported $1.31M to Montenegro. The main products that Belarus exported to Montenegro were Yeast ($467k), Plastic Lids ($273k), and Other Furniture ($225k). Over the past 5 years the exports of Belarus to Montenegro have increased at an annualized rate of 10.3%, from $801k in 2018 to $1.31M in 2023.

In 2014, Belarus exported services to Montenegro worth $45.4k, with Computer and information services ($44.9k), Government services, n.i.e. ($500), and Insurance services ($1) being the largest in terms of value.

Montenegro-Belarus Trade: In 2023, Montenegro exported $14.5k to Belarus. The main products that Montenegro exported to Belarus were Recreational Boats ($14.1k) and Trailers and semi-trailers, not mechanically propelled vehicles ($433). Over the past 5 years the exports of Montenegro to Belarus have increased at an annualized rate of 12.1%,  from $8.2k in 2018 to $14.5k in 2023.

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

Comparison In 2023,  Belarus ranked 33 in the Economic Complexity Index (ECI 0.81),  and 114 in total exports ($7.61B). 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, Belarus exported $1.31M to Montenegro. The main products exported from Belarus to Montenegro were Yeast ($467k), Plastic Lids ($273k), and Other Furniture ($225k). During the last 5 years the exports of Belarus to Montenegro have increased at an annualized rate of 10.3%, from $801k in 2018 to $1.31M in 2023.

In 2018, Montenegro exported $14.5k to Belarus. The main products exported from Montenegro to Belarus were Recreational Boats ($14.1k) and Trailers and semi-trailers, not mechanically propelled vehicles ($433). During the last 5 years the exports of Montenegro to Belarus have increased at an annualized rate of 12.1%, from $8.2k in 2023 to $14.5k in 2018.

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

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

Latest Data

Trade between Belarus (Flag) and Montenegro (Flag)

Belarus Exports

Montenegro Exports

Market Competitiveness

Color
Belarus
Top Destination
China$2.6B
Montenegro
Top Destination
Italy$576M

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

In 2023, countries that imported more from Belarus than Montenegro included China ($2.6B), Kazakhstan ($757M), and Uzbekistan ($509M).

In 2023, countries that imported more from Montenegro than Belarus included Italy ($576M), Serbia ($202M), and Spain ($91.1M).

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

Comparative Advantage Belarus - Montenegro

Flow
Scale

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

During 2023, Belarus had a large net trade with Montenegro in the exports of Foodstuffs ($507k), Miscellaneous ($342k), and Plastics and Rubbers ($306k).

During 2018, Montenegro had a large net trade with Belarus in the exports of Transportation ($14.5k).

Economic Complexity

Competitive Landscape

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

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

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