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2023
Flag → Flag
Exports $2.33MRnk 103 / 192
2023
Flag → Flag
Top Product $775kLight Fixtures
2023
Flag → Flag
Exports $17.9kRnk 91 / 130
2023
Flag → Flag
Top Product $6.14kBroadcasting Equipment
2023
Flag  
GDP$41.3BCURRENT US$
Rnk 101 / 195
2013-2023
Flag
GDP GROWTH62.2%CURRENT US$
Rnk 49 / 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 $30,133CURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP PC GROWTH56%CURRENT US$
Rnk 35 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Estonia-Montenegro Trade: In 2023, Estonia exported $2.33M to Montenegro. The main products that Estonia exported to Montenegro were Light Fixtures ($775k), Processed Fish ($264k), and Stone Processing Machines ($241k). Over the past 5 years the exports of Estonia to Montenegro have increased at an annualized rate of 25.8%, from $739k in 2018 to $2.33M in 2023.

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

Montenegro-Estonia Trade: In 2023, Montenegro exported $17.9k to Estonia. The main products that Montenegro exported to Estonia were Broadcasting Equipment ($6.14k), Hair Products ($4.55k), and Telephones ($1.69k). Over the past 5 years the exports of Montenegro to Estonia have decreased at an annualized rate of 44.7%,  from $347k in 2018 to $17.9k in 2023.

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

Comparison In 2023,  Estonia ranked 79 in total exports ($20B). 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, Estonia exported $2.33M to Montenegro. The main products exported from Estonia to Montenegro were Light Fixtures ($775k), Processed Fish ($264k), and Stone Processing Machines ($241k). During the last 5 years the exports of Estonia to Montenegro have increased at an annualized rate of 25.8%, from $739k in 2018 to $2.33M in 2023.

In 2018, Montenegro exported $17.9k to Estonia. The main products exported from Montenegro to Estonia were Broadcasting Equipment ($6.14k), Hair Products ($4.55k), and Telephones ($1.69k). During the last 5 years the exports of Montenegro to Estonia have decreased at an annualized rate of 44.7%, from $347k in 2023 to $17.9k in 2018.

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

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

Latest Data

Trade between Estonia (Flag) and Montenegro (Flag)

Estonia Exports

Montenegro Exports

Market Competitiveness

Color
Estonia
Top DestinationFinland$2.71B
Montenegro
Top DestinationItaly$576M

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 2023, countries that imported more from Estonia than Montenegro included Finland ($2.71B), Latvia ($1.91B), and Lithuania ($1.74B).

In 2023, countries that imported more from Montenegro than Estonia included Italy ($576M), Serbia ($202M), and Bosnia and Herzegovina ($67.5M).

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

Comparative Advantage Estonia - Montenegro

Flow
Scale

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

During 2023, Estonia had a large net trade with Montenegro in the exports of Miscellaneous ($819k), Foodstuffs ($649k), and Machines ($335k).

During 2018, Montenegro had a large net trade with Estonia in the exports of Machines ($10.6k), Chemical Products ($4.55k), and Instruments ($1.69k).

Economic Complexity

Competitive Landscape

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.

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

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