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2023
Flag → Flag
Exports $215kRnk 25 / 78
2023
Flag → Flag
Top Product $49.1kNon-Knit Men's Suits
2023
Flag → Flag
Exports $1.66MRnk 60 / 0
2023
Flag  
GDP$7.14BCURRENT US$
Rnk 155 / 195
2013-2023
Flag
GDP GROWTH62%CURRENT US$
Rnk 50 / 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 $97,750CURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP PC GROWTH30.1%CURRENT US$
Rnk 78 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Cayman Islands-Montenegro Trade: In 2023, Cayman Islands exported $215k to Montenegro. The main products that Cayman Islands exported to Montenegro were Non-Knit Men's Suits ($49.1k), Knit T-shirts ($29.9k), and Knit Women's Suits ($24.9k). Over the past 5 years the exports of Cayman Islands to Montenegro have increased at an annualized rate of 131%, from $3.28k in 2018 to $215k in 2023.

In 2023, Cayman Islands did not export any services to Montenegro.

Montenegro-Cayman Islands Trade: In 2023, Montenegro exported $1.66M to Cayman Islands. The main products that Montenegro exported to Cayman Islands were N/A. Over the past 5 years the exports of Montenegro to Cayman Islands have increased at an annualized rate of 396%,  from $551 in 2018 to $1.66M in 2023.

In 2023, Montenegro did not export any services to Cayman Islands.

Comparison In 2023,  Cayman Islands ranked 165 in total exports ($818M). That same year, Montenegro ranked 151 in total exports ($1.53B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Cayman Islands exported $215k to Montenegro. The main products exported from Cayman Islands to Montenegro were Non-Knit Men's Suits ($49.1k), Knit T-shirts ($29.9k), and Knit Women's Suits ($24.9k). During the last 5 years the exports of Cayman Islands to Montenegro have increased at an annualized rate of 131%, from $3.28k in 2018 to $215k in 2023.

In 2017, Montenegro exported $1.66M to Cayman Islands. There were not main exports from Montenegro to Cayman Islands in 2017. During the last 5 years the exports of Montenegro to Cayman Islands have increased at an annualized rate of 396%, from $551 in 2022 to $1.66M in 2017.

Exports from Cayman Islands (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Cayman Islands (Flag) (2023)

Latest Data

Trade between Cayman Islands (Flag) and Montenegro (Flag)

Montenegro Exports

Market Competitiveness

Color
Cayman Islands
Top DestinationUnited Kingdom$326M
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Cayman Islands than Montenegro included United Kingdom ($326M), Cyprus ($172M), and Grenada ($67.2M).

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

Difference in imports from Montenegro (Flag) and Cayman Islands (Flag) (2023)

Comparative Advantage Cayman Islands - Montenegro

Flow
Scale

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

During 2023, Cayman Islands had a large net trade with Montenegro in the exports of Textiles ($181k), Footwear and Headwear ($26.8k), and Animal Hides ($4.96k).

During 2017, Montenegro had a large net trade with Cayman Islands in the exports of .

Economic Complexity

Competitive Landscape

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

Product Space of Cayman Islands (Flag) and Montenegro (Flag) (2023)

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