2023
Flag  
GDP
$336BCURRENT US$
Rnk 46 / 195
2013-2023
Flag
GDP GROWTH
21%CURRENT US$
Rnk 139 / 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 
$17,068CURRENT US$
Rnk 68 / 195
2013-2023
Flag
GDP PC GROWTH
8.83%CURRENT US$
Rnk 137 / 195
2023
Flag
GDP PC
$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195

About

Chile-Montenegro Trade: In 2023, Chile exported $862k to Montenegro. The main products that Chile exported to Montenegro were Molluscs ($216k), Fish Fillets ($159k), and Processed Crustaceans ($143k). Over the past 5 years the exports of Chile to Montenegro have increased at an annualized rate of 15.6%, from $418k in 2018 to $862k in 2023.

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

Montenegro-Chile Trade: In 2023, Montenegro exported $9.04k to Chile. The main products that Montenegro exported to Chile were Broadcasting Equipment ($6.91k), Leather Footwear ($855), and Imitation Jewellery ($696). Over the past 5 years the exports of Montenegro to Chile have increased at an annualized rate of 59.6%,  from $33 in 2018 to $9.04k in 2023.

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

Comparison In 2023,  Chile ranked 72 in the Economic Complexity Index (ECI -0.2),  and 43 in total exports ($98.9B). 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, Chile exported $862k to Montenegro. The main products exported from Chile to Montenegro were Molluscs ($216k), Fish Fillets ($159k), and Processed Crustaceans ($143k). During the last 5 years the exports of Chile to Montenegro have increased at an annualized rate of 15.6%, from $418k in 2018 to $862k in 2023.

In 2018, Montenegro exported $9.04k to Chile. The main products exported from Montenegro to Chile were Broadcasting Equipment ($6.91k), Leather Footwear ($855), and Imitation Jewellery ($696). During the last 5 years the exports of Montenegro to Chile have increased at an annualized rate of 59.6%, from $33 in 2023 to $9.04k in 2018.

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

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

Market Competitiveness

Color
Chile
Top Destination
China$38.2B
Montenegro
Top Destination
Italy$576M

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

In 2023, countries that imported more from Chile than Montenegro included China ($38.2B), United States ($15.7B), and Japan ($7.1B).

In 2023, countries that imported more from Montenegro than Chile included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Slovenia ($77.9M).

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

Comparative Advantage Chile - Montenegro

Flow
Scale

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

During 2023, Chile had a large net trade with Montenegro in the exports of Animal Products ($391k), Foodstuffs ($269k), and Vegetable Products ($199k).

During 2018, Montenegro had a large net trade with Chile in the exports of Machines ($6.91k), Footwear and Headwear ($1.13k), and Precious Metals ($696).

Economic Complexity

Competitive Landscape

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

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

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