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2023
Flag → Flag
Exports $36.3MRnk 138 / 223
2023
Flag → Flag
Top Product $10.5MPackaged Medicaments
2023
Flag → Flag
Exports $3.13MRnk 29 / 130
2023
Flag → Flag
Top Product $1.29MTransmissions
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 11 / 132
2023
Flag  
GDP$3.38TCURRENT US$
Rnk 6 / 195
2013-2023
Flag
GDP GROWTH21.4%CURRENT US$
Rnk 136 / 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 $49,464CURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP PC GROWTH13.9%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

United Kingdom-Montenegro Trade: In 2023, United Kingdom exported $36.3M to Montenegro. The main products that United Kingdom exported to Montenegro were Packaged Medicaments ($10.5M), Cars ($8.51M), and Hard Liquor ($2.38M). Over the past 5 years the exports of United Kingdom to Montenegro have decreased at an annualized rate of 0.1%, from $36.4M in 2018 to $36.3M in 2023.

In 2023, United Kingdom did not export any services to Montenegro.

Montenegro-United Kingdom Trade: In 2023, Montenegro exported $3.13M to United Kingdom. The main products that Montenegro exported to United Kingdom were Transmissions ($1.29M), Waxes ($1.06M), and Other Plastic Products ($74.1k). Over the past 5 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 20.3%,  from $9.71M in 2018 to $3.13M in 2023.

In 2023, Montenegro did not export any services to United Kingdom.

Comparison In 2023,  United Kingdom ranked 11 in the Economic Complexity Index (ECI 1.5),  and 14 in total exports ($429B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, United Kingdom exported £474k and imported £167k from Montenegro, resulting in a positive trade balance of £307k. Between November 2023 and November 2024 the exports of United Kingdom have decreased by £-93.8k (-16.5%) from £568k to £474k, while imports decreased by £-228k (-57.7%) from £395k to £167k.

Trade In November 2024, the top exports of United Kingdom to Montenegro were Hard Liquor (£126k), Video and Card Games (£91.5k), Aircraft parts for spacecraft, UAVs, and... (£52.1k), Coffee (£47.1k), and Electrical Control Boards (£33.3k). In November 2024 the top imports of United Kingdom from Montenegro were Frozen Vegetables (£72.2k), Broadcasting Equipment (£64.4k), Transmissions (£54.1k), and LCDs (£11.1k).

Origins In November 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£301k), London Heathrow Airport (£124k), East Midlands Airport (£35.7k), and Belfast International Airport (£8.03k), while imports destinations were mainly London (£149k), London Stansted Airport (£5.95k), Birmingham Airport (£2.7k), and London Gateway (£2.46k).

Growth In November 2024, the decrease in United Kingdom's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Hard Liquor (£-48.7k or -27.9%) and Computers (£-541 or -3.38%). In November 2024, the decrease in United Kingdom's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in Transmissions (£-110k or -67.1%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)£-93.8k(-16.5%)
IMPORT GROWTH (November 2023 - November 2024)£-228k(-57.7%)
MAIN EXPORTER (November 2024)Dover Eurotunnel£301k

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

To check Montenegro and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Montenegro and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, United Kingdom exported $36.3M to Montenegro. The main products exported from United Kingdom to Montenegro were Packaged Medicaments ($10.5M), Cars ($8.51M), and Hard Liquor ($2.38M). During the last 5 years the exports of United Kingdom to Montenegro have decreased at an annualized rate of 0.1%, from $36.4M in 2018 to $36.3M in 2023.

In 2018, Montenegro exported $3.13M to United Kingdom. The main products exported from Montenegro to United Kingdom were Transmissions ($1.29M), Waxes ($1.06M), and Other Plastic Products ($74.1k). During the last 5 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 20.3%, from $9.71M in 2023 to $3.13M in 2018.

Exports from United Kingdom (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to United Kingdom (Flag) (2023)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$59.7B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from United Kingdom than Montenegro included United States ($59.7B), China ($35.3B), and Germany ($34.6B).

In 2023, no countries were registered that imported more from Montenegro than from United Kingdom.

Difference in imports from Montenegro (Flag) and United Kingdom (Flag) (2023)

Comparative Advantage United Kingdom - Montenegro

Flow
Scale

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

During 2023, United Kingdom had a large net trade with Montenegro in the exports of Chemical Products ($13.6M), Transportation ($10.4M), and Foodstuffs ($4.52M).

During 2018, Montenegro had a large net trade with United Kingdom in the exports of Machines ($1.54M), Chemical Products ($1.08M), and Transportation ($97.5k).

Economic Complexity

Competitive Landscape

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

Product Space of United Kingdom (Flag) and Montenegro (Flag) (2023)

Keep Exploring

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