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Pricing

2022
Flag → Flag
Exports $49.3MRnk 128 / 218
2022
Flag → Flag
Top Product $8.88MPig Meat
2022
Flag → Flag
Exports $33.5MRnk 10 / 123
2022
Flag → Flag
Top Product $27.7MRaw Aluminium
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC $29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Spain-Montenegro Trade: In 2022, Spain exported $49.3M to Montenegro. The main products that Spain exported to Montenegro were Pig Meat ($8.88M), Unglazed Ceramics ($5.28M), and Non-Knit Women's Suits ($2.2M). Over the past 5 years the exports of Spain to Montenegro have increased at an annualized rate of 0.11%, from $49M in 2017 to $49.3M in 2022.

In 2022, Spain did not export any services to Montenegro.

Montenegro-Spain Trade: In 2022, Montenegro exported $33.5M to Spain. The main products that Montenegro exported to Spain were Raw Aluminium ($27.7M), Transmissions ($3.14M), and Iron Powder ($672k). Over the past 5 years the exports of Montenegro to Spain have increased at an annualized rate of 69.6%,  from $288k in 2017 to $33.5M in 2022.

In 2022, Montenegro did not export any services to Spain.

Comparison In 2022,  Spain ranked 33 in the Economic Complexity Index (ECI 0.81),  and 20 in total exports ($394B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Spain exported €3.5M and imported €120k from Montenegro, resulting in a positive trade balance of €3.38M. Between September 2023 and September 2024 the exports of Spain have increased by €530k (17.8%) from €2.97M to €3.5M, while imports decreased by €-108k (-47.5%) from €228k to €120k.

Trade In September 2024, the top exports of Spain to Montenegro were Pig Meat (€393k), Non-Knit Women's Suits (€118k), Unglazed Ceramics (€91.4k), Commodities not elsewhere specified (€87.3k), and Knit Sweaters (€66.7k). In September 2024 the top imports of Spain from Montenegro were Raw Aluminium (€14.6M), Transmissions (€152k), Paper Containers (€1.2k), Vaccines, blood, antisera, toxins and cultures (€430), and Knit T-shirts (€388).

Origins In September 2024 the exports of Spain were mainly from Madrid (€778k), Barcelona (€611k), Zaragoza (€407k), Girona (€377k), and A Coruña (€271k), while imports destinations were mainly Valencia (€117k), León (€1.03k), Soria (€672), Málaga (€601), and Madrid (€167).

Growth In September 2024, the increase in Spain's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Pig Meat (€349k or 786%), Commodities not elsewhere specified (€34.8k or 66.4%), and Other Furniture (€16.4k or 271%). In September 2024, the decrease in Spain's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in Footwear Parts (€-31 or -23.8%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (September 2023 - September 2024)€530k(17.8%)
IMPORT GROWTH (September 2023 - September 2024)€-108k(-47.5%)
MAIN EXPORTER (September 2024)Madrid€778k

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

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

For full datasets download visit Bulk Download page.

Explore Montenegro and Spain Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Spain exported $49.3M to Montenegro. The main products exported from Spain to Montenegro were Pig Meat ($8.88M), Unglazed Ceramics ($5.28M), and Non-Knit Women's Suits ($2.2M). During the last 5 years the exports of Spain to Montenegro have increased at an annualized rate of 0.11%, from $49M in 2017 to $49.3M in 2022.

In 2017, Montenegro exported $33.5M to Spain. The main products exported from Montenegro to Spain were Raw Aluminium ($27.7M), Transmissions ($3.14M), and Iron Powder ($672k). During the last 5 years the exports of Montenegro to Spain have increased at an annualized rate of 69.6%, from $288k in 2022 to $33.5M in 2017.

Exports from Spain (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to Spain (Flag) (2022)

Market Competitiveness

Color
Spain
Top DestinationFrance$65.2B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Spain than Montenegro included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

In 2022, no countries were registered that imported more from Montenegro than from Spain.

Difference in imports from Montenegro (Flag) and Spain (Flag) (2022)

Comparative Advantage Spain - Montenegro

Flow
Scale

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

During 2022, Spain had a large net trade with Montenegro in the exports of Animal Products ($11.7M), Textiles ($6.94M), and Stone And Glass ($6.06M).

During 2017, Montenegro had a large net trade with Spain in the exports of Metals ($28.4M), Machines ($3.33M), and Mineral Products ($839k).

Economic Complexity

Competitive Landscape

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

Product Space of Spain (Flag) and Montenegro (Flag) (2022)

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