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Pricing

2023
Flag → Flag
Exports $8.83MRnk 88 / 174
2023
Flag → Flag
Top Product $7.59MBananas
2023
Flag → Flag
Exports $35.5kRnk 87 / 130
2023
Flag → Flag
Top Product $32.6kLiquid Fuel Furnaces
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 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 $6,610CURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Ecuador-Montenegro Trade: In 2023, Ecuador exported $8.83M to Montenegro. The main products that Ecuador exported to Montenegro were Bananas ($7.59M), Crustaceans ($1.09M), and Cut Flowers ($110k). Over the past 5 years the exports of Ecuador to Montenegro have increased at an annualized rate of 7.03%, from $6.29M in 2018 to $8.83M in 2023.

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

Montenegro-Ecuador Trade: In 2023, Montenegro exported $35.5k to Ecuador. The main products that Montenegro exported to Ecuador were Liquid Fuel Furnaces ($32.6k), Electric Motors ($1.21k), and Transmissions ($719). Over the past 5 years the exports of Montenegro to Ecuador have increased at an annualized rate of 28%,  from $10.3k in 2018 to $35.5k in 2023.

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

Comparison In 2023,  Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85),  and 65 in total exports ($37.3B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2021

About

Overview In December 2021, Ecuador exported $1.2M and imported $2.61k from Montenegro, resulting in a positive trade balance of $1.19M. Between December 2020 and December 2021 the exports of Ecuador have increased by $241k (25.2%) from $955k to $1.2M, while imports increased by $2.58k (12.5k%) from $20.6 to $2.61k.

Trade In December 2021, the top exports of Ecuador to Montenegro were Bananas ($1.39M). In December 2021 the top imports of Ecuador from Montenegro were Other Coloring Matter ($6.24k).

Origins In December 2021 the exports of Ecuador were mainly from Guayaquil-Marítimo ($976k) and Puerto Bolívar ($220k), while imports destinations were mainly N/A.

Growth In December 2021, the increase in Ecuador's year-by-year exports to Montenegro was explained primarily by an increase in product exports in . In December 2021, the increase in Ecuador's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (December 2020 - December 2021)$241k(25.2%)
IMPORT GROWTH (December 2020 - December 2021)$2.58k(12.5k%)
MAIN EXPORTER (December 2021)Guayaquil-Marítimo$976k

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

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

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Ecuador exported $8.83M to Montenegro. The main products exported from Ecuador to Montenegro were Bananas ($7.59M), Crustaceans ($1.09M), and Cut Flowers ($110k). During the last 5 years the exports of Ecuador to Montenegro have increased at an annualized rate of 7.03%, from $6.29M in 2018 to $8.83M in 2023.

In 2018, Montenegro exported $35.5k to Ecuador. The main products exported from Montenegro to Ecuador were Liquid Fuel Furnaces ($32.6k), Electric Motors ($1.21k), and Transmissions ($719). During the last 5 years the exports of Montenegro to Ecuador have increased at an annualized rate of 28%, from $10.3k in 2023 to $35.5k in 2018.

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

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

Market Competitiveness

Color
Ecuador
Top DestinationUnited States$8.34B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Ecuador than Montenegro included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

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

Comparative Advantage Ecuador - Montenegro

Flow
Scale

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

During 2023, Ecuador had a large net trade with Montenegro in the exports of Vegetable Products ($7.71M), Animal Products ($1.09M), and Foodstuffs ($23k).

During 2018, Montenegro had a large net trade with Ecuador in the exports of Machines ($35.2k), Footwear and Headwear ($273), and Transportation ($58).

Economic Complexity

Competitive Landscape

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

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

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