2022
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GDP
$127BCURRENT US$
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2012-2022
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GDP GROWTH
193%CURRENT US$
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2022
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 GDP
$6.1BCURRENT US$
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2012-2022
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GDP GROWTH
49.1%CURRENT US$
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2022
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GDP PC 
$1,028CURRENT US$
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2012-2022
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GDP PC GROWTH
124%CURRENT US$
Rnk 4 / 186
2022
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GDP PC
$9,894CURRENT US$
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2012-2022
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GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186

About

Ethiopia-Montenegro In 2022, Ethiopia exported $25.7k to Montenegro. The main products that Ethiopia exported to Montenegro are Cut Flowers ($19.6k), Knit Active Wear ($3.02k), and Knit Sweaters ($1.85k). During the last 16 years the exports of Ethiopia to Montenegro have increased at an annualized rate of 21.9%, from $1.08k in 2006 to $25.7k in 2022.

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

Montenegro-Ethiopia In 2022, Montenegro exported $339k to Ethiopia. The main products that Montenegro exported to Ethiopia were Aircraft Parts ($320k), Fireworks ($18.4k), and Low-voltage Protection Equipment ($567). During the last 16 years the exports of Montenegro to Ethiopia have increased at an annualized rate of 8.07%, from $98k in 2006 to $339k in 2022.

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

Comparison In 2022,  Ethiopia ranked 97 in the Economic Complexity Index (ECI -0.86),  and 134 in total exports ($4.24B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Ethiopia exported $25.7k to Montenegro. The main products exported from Ethiopia to Montenegro were Cut Flowers ($19.6k), Knit Active Wear ($3.02k), and Knit Sweaters ($1.85k). During the last 16 years the exports of Ethiopia to Montenegro have increased at an annualized rate of 21.9%, from $1.08k in 2006 to $25.7k in 2022.

In 2022, Montenegro exported $339k to Ethiopia. The main products exported from Montenegro to Ethiopia were Aircraft Parts ($320k), Fireworks ($18.4k), and Low-voltage Protection Equipment ($567). During the last 6 years the exports of Montenegro to Ethiopia have increased at an annualized rate of 8.07%, from $98k in 2016 to $339k in 2022.

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

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

Latest Data

Trade between Ethiopia (Flag) and Montenegro (Flag)

Montenegro Exports

Date

Market Competitiveness

Color
Ethiopia
Top Destination
United Arab Emirates$723M
Montenegro
Top Destination
South Korea$321M

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

In 2021, countries that imported more from Ethiopia than Montenegro were United Arab Emirates ($723M), United States ($557M), and Saudi Arabia ($268M).

In 2021, countries that imported more from Montenegro than Ethiopia were South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

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

Comparative Advantage Ethiopia - Montenegro

Flow
Scale

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

During 2022, Ethiopia had a large net trade with Montenegro in the exports of Vegetable Products ($20.8k) and Textiles ($4.91k).

During 2022, Montenegro had a large net trade with Ethiopia in the exports of Transportation ($320k), Chemical Products ($18.4k), and Machines ($567).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Ethiopia has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Ethiopia.

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

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