Estonia (EST) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Estonia-Montenegro Trade: In 2022, Estonia exported $1.48M to Montenegro. The main products that Estonia exported to Montenegro were Other Fermented Beverages ($322k), Processed Fish ($294k), and Electrical Control Boards ($218k). Over the past 5 years the exports of Estonia to Montenegro have increased at an annualized rate of 12.5%, from $821k in 2017 to $1.48M in 2022.

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

Montenegro-Estonia Trade: In 2022, Montenegro exported $385k to Estonia. The main products that Montenegro exported to Estonia were Broadcasting Equipment ($281k), Building Stone ($90.8k), and Telephones ($3.3k). Over the past 5 years the exports of Montenegro to Estonia have increased at an annualized rate of 10.6%, from $211k in 2017 to $385k in 2022.

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

Comparison In 2022, Estonia ranked 74 in total exports ($23.1B). That same year, Montenegro ranked 154 in total exports ($1.32B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Estonia exported $1.48M to Montenegro. The main products exported from Estonia to Montenegro were Other Fermented Beverages ($322k), Processed Fish ($294k), and Electrical Control Boards ($218k). During the last 5 years the exports of Estonia to Montenegro have increased at an annualized rate of 12.5%, from $821k in 2017 to $1.48M in 2022.

In 2017, Montenegro exported $385k to Estonia. The main products exported from Montenegro to Estonia were Broadcasting Equipment ($281k), Building Stone ($90.8k), and Telephones ($3.3k). During the last 5 years the exports of Montenegro to Estonia have increased at an annualized rate of 10.6%, from $211k in 2022 to $385k in 2017.

Exports from Estonia () to Montenegro () (2022)

Exports from Montenegro () to Estonia () (2022)

Latest Data

Trade between Estonia () and Montenegro ()

Estonia Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Estonia
Top DestinationFinland$3B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Estonia than Montenegro included Finland ($3B), Latvia ($2.77B), and Sweden ($1.9B).

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

Difference in imports from Montenegro () and Estonia () (2022)

Comparative Advantage Estonia - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Estonia had a large net trade with Montenegro in the exports of Foodstuffs ($736k), Machines ($306k), and Animal Products ($149k).

During 2017, Montenegro had a large net trade with Estonia in the exports of Machines ($284k), Stone And Glass ($90.8k), and Chemical Products ($3.02k).

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 Estonia and Montenegro. This means that a dot/product with the flag of Estonia indicates it has a comparative advantage over Montenegro. Similarly, a dot/product with the flag of Montenegro indicates it has a comparative advantage over Estonia.

About

Historical Data

Bilateral Trade by Products

Exports from Estonia () to Montenegro () (2022)

Exports from Montenegro () to Estonia () (2022)

Latest Data

Trade between Estonia () and Montenegro ()

Estonia Exports

Montenegro Exports

Market Competitiveness

Difference in imports from Montenegro () and Estonia () (2022)

Comparative Advantage Estonia - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Estonia () and Montenegro () (2022)

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