2023
Flag  
GDP
$363BCURRENT US$
Rnk 42 / 195
2013-2023
Flag
GDP GROWTH
-4.87%CURRENT US$
Rnk 176 / 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 
$6,947CURRENT US$
Rnk 104 / 195
2013-2023
Flag
GDP PC GROWTH
-16.1%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC
$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195

About

Colombia-Montenegro Trade: In 2023, Colombia exported $1.39M to Montenegro. The main products that Colombia exported to Montenegro were Bananas ($702k), Cut Flowers ($396k), and Raw Sugar ($238k). Over the past 5 years the exports of Colombia to Montenegro have increased at an annualized rate of 1.01%, from $1.32M in 2018 to $1.39M in 2023.

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

Montenegro-Colombia Trade: In 2023, Montenegro exported $731 to Colombia. The main products that Montenegro exported to Colombia were Leather Footwear ($515) and Broadcasting Equipment ($216). Over the past 5 years the exports of Montenegro to Colombia have increased at an annualized rate of 40.8%,  from $132 in 2018 to $731 in 2023.

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

Comparison In 2023,  Colombia ranked 51 in the Economic Complexity Index (ECI 0.23),  and 54 in total exports ($54.8B). 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, Colombia exported $1.39M to Montenegro. The main products exported from Colombia to Montenegro were Bananas ($702k), Cut Flowers ($396k), and Raw Sugar ($238k). During the last 5 years the exports of Colombia to Montenegro have increased at an annualized rate of 1.01%, from $1.32M in 2018 to $1.39M in 2023.

In 2018, Montenegro exported $731 to Colombia. The main products exported from Montenegro to Colombia were Leather Footwear ($515) and Broadcasting Equipment ($216). During the last 5 years the exports of Montenegro to Colombia have increased at an annualized rate of 40.8%, from $132 in 2023 to $731 in 2018.

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

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

Latest Data

Trade between Colombia (Flag) and Montenegro (Flag)

Colombia Exports

Montenegro Exports

Market Competitiveness

Color
Colombia
Top Destination
United States$14.8B
Montenegro
Top Destination
Italy$576M

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

In 2023, countries that imported more from Colombia than Montenegro included United States ($14.8B), Panama ($4.66B), and India ($2.51B).

In 2023, countries that imported more from Montenegro than Colombia included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Luxembourg ($30.4M).

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

Comparative Advantage Colombia - Montenegro

Flow
Scale

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

During 2023, Colombia had a large net trade with Montenegro in the exports of Vegetable Products ($1.12M), Foodstuffs ($247k), and Chemical Products ($8.3k).

During 2018, Montenegro had a large net trade with Colombia in the exports of Footwear and Headwear ($515) and Machines ($216).

Economic Complexity

Competitive Landscape

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

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

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