Costa Rica (CRI) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Costa Rica-Montenegro Trade: In 2022, Costa Rica exported $9.58M to Montenegro. The main products that Costa Rica exported to Montenegro were Bananas ($8.7M), Tropical Fruits ($565k), and Medical Instruments ($104k). Over the past 5 years the exports of Costa Rica to Montenegro have increased at an annualized rate of 26.4%, from $2.97M in 2017 to $9.58M in 2022.

In 2022, Costa Rica did not export any services to Montenegro.

Montenegro-Costa Rica Trade: In 2022, Montenegro exported $130 to Costa Rica. The main products that Montenegro exported to Costa Rica were Gas and Liquid Flow Measuring Instruments ($130). Over the past 5 years the exports of Montenegro to Costa Rica have decreased at an annualized rate of 28.8%, from $712 in 2017 to $130 in 2022.

In 2022, Montenegro did not export any services to Costa Rica.

Comparison In 2022, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Costa Rica exported $9.58M to Montenegro. The main products exported from Costa Rica to Montenegro were Bananas ($8.7M), Tropical Fruits ($565k), and Medical Instruments ($104k). During the last 5 years the exports of Costa Rica to Montenegro have increased at an annualized rate of 26.4%, from $2.97M in 2017 to $9.58M in 2022.

In 2017, Montenegro exported $130 to Costa Rica. The main products exported from Montenegro to Costa Rica were Gas and Liquid Flow Measuring Instruments ($130). During the last 5 years the exports of Montenegro to Costa Rica have decreased at an annualized rate of 28.8%, from $712 in 2022 to $130 in 2017.

Exports from Costa Rica () to Montenegro () (2022)

Exports from Montenegro () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Montenegro ()

Costa Rica Exports

Date

Montenegro Exports

Date

Nov 2017

Mar 2013

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Costa Rica
Top DestinationUnited States$6.83B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Costa Rica than Montenegro included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

In 2022, countries that imported more from Montenegro than Costa Rica included South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

Difference in imports from Montenegro () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Costa Rica had a large net trade with Montenegro in the exports of Vegetable Products ($9.28M), Instruments ($109k), and Foodstuffs ($83.6k).

During 2017, Montenegro had a large net trade with Costa Rica in the exports of Instruments ($130).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Costa Rica () to Montenegro () (2022)

Exports from Montenegro () to Costa Rica () (2022)

Latest Data

Trade between Costa Rica () and Montenegro ()

Costa Rica Exports

Montenegro Exports

Market Competitiveness

Difference in imports from Montenegro () and Costa Rica () (2022)

Comparative Advantage Costa Rica - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Costa Rica () and Montenegro () (2022)

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