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

2023
Flag → Flag
Exports $4.72MRnk 173 / 215
2023
Flag → Flag
Top Product $809kCars
2023
Flag → Flag
Exports $727kRnk 41 / 130
2023
Flag → Flag
Top Product $184kWine
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 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 $53,431CURRENT US$
Rnk 22 / 195
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Canada-Montenegro Trade: In 2023, Canada exported $4.72M to Montenegro. The main products that Canada exported to Montenegro were Cars ($809k), Other Edible Preparations ($589k), and Dried Legumes ($511k). Over the past 5 years the exports of Canada to Montenegro have decreased at an annualized rate of 5.97%, from $6.42M in 2018 to $4.72M in 2023.

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

Montenegro-Canada Trade: In 2023, Montenegro exported $727k to Canada. The main products that Montenegro exported to Canada were Wine ($184k), Lifting Machinery ($107k), and Drilling Machines ($75.6k). Over the past 5 years the exports of Montenegro to Canada have decreased at an annualized rate of 25.9%,  from $3.26M in 2018 to $727k in 2023.

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

Comparison In 2023,  Canada ranked 30 in the Economic Complexity Index (ECI 0.9),  and 10 in total exports ($574B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Canada exported C$401k and imported C$110k from Montenegro, resulting in a positive trade balance of C$291k. Between December 2023 and December 2024 the exports of Canada have increased by C$16.6k (4.32%) from C$384k to C$401k, while imports increased by C$63.7k (137%) from C$46.4k to C$110k.

Trade In December 2024, the top exports of Canada to Montenegro were Lifting Machinery (C$279k), Machinery Having Individual Functions (C$135k), Cars (C$99k), Dried Legumes (C$95.6k), and Electrical Control Boards (C$33.6k). In December 2024 the top imports of Canada from Montenegro were Transmissions (C$4.23k), Integrated Circuits (C$1.46k), Centrifuges (C$1.25k), Motor vehicles; parts and accessories (8701... (C$1.13k), and Other Printed Material (C$805).

Origins In December 2024 the exports of Canada were mainly from Ontario (C$392k) and Quebec (C$8.74k), while imports destinations were mainly Ontario (C$87.1k), British Columbia (C$18.4k), Saskatchewan (C$3.44k), Manitoba (C$682), and Alberta (C$428).

Growth In December 2024, the increase in Canada's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Cars (C$95k or 2.37k%). In December 2024, the increase in Canada's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in Transmissions (C$3.92k or 1.29k%), Motor vehicles; parts and accessories (8701... (C$1.06k or 1.43k%), and Ball Bearings (C$32 or 97%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2023 - December 2024)C$16.6k(4.32%)
IMPORT GROWTH (December 2023 - December 2024)C$63.7k(137%)
MAIN EXPORTER (December 2024)OntarioC$392k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Montenegro and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Montenegro and Canada Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Canada exported $4.72M to Montenegro. The main products exported from Canada to Montenegro were Cars ($809k), Other Edible Preparations ($589k), and Dried Legumes ($511k). During the last 5 years the exports of Canada to Montenegro have decreased at an annualized rate of 5.97%, from $6.42M in 2018 to $4.72M in 2023.

In 2018, Montenegro exported $727k to Canada. The main products exported from Montenegro to Canada were Wine ($184k), Lifting Machinery ($107k), and Drilling Machines ($75.6k). During the last 5 years the exports of Montenegro to Canada have decreased at an annualized rate of 25.9%, from $3.26M in 2023 to $727k in 2018.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$410B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Canada than Montenegro included United States ($410B), China ($31.1B), and United Kingdom ($18B).

In 2023, countries that imported more from Montenegro than Canada included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and North Macedonia ($17.3M).

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

Comparative Advantage Canada - Montenegro

Flow
Scale

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

During 2023, Canada had a large net trade with Montenegro in the exports of Transportation ($1.11M), Chemical Products ($905k), and Foodstuffs ($772k).

During 2018, Montenegro had a large net trade with Canada in the exports of Machines ($441k), Foodstuffs ($190k), and Chemical Products ($36.8k).

Economic Complexity

Competitive Landscape

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

Product Space of Canada (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