2023
Flag  
GDP
$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH
75.7%CURRENT US$
Rnk 33 / 195
2023
Flag
 GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC 
$8,284CURRENT US$
Rnk 94 / 195
2013-2023
Flag
GDP PC GROWTH
75.8%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC
$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195

About

Georgia-Montenegro Trade: In 2023, Georgia exported $402k to Montenegro. The main products that Georgia exported to Montenegro were Other Nuts ($322k), Wine ($18.9k), and Water ($15.3k). Over the past 5 years the exports of Georgia to Montenegro have increased at an annualized rate of 1.09%, from $381k in 2018 to $402k in 2023.

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

Montenegro-Georgia Trade: In 2023, Montenegro exported $187k to Georgia. The main products that Montenegro exported to Georgia were Hard Liquor ($181k), Percussion ($1.23k), and Interior Decorative Glassware ($1.21k). Over the past 5 years the exports of Montenegro to Georgia have increased at an annualized rate of 39.4%,  from $35.6k in 2018 to $187k in 2023.

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

Comparison In 2023,  Georgia ranked 55 in the Economic Complexity Index (ECI 0.13),  and 123 in total exports ($6.39B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Georgia exported $402k to Montenegro. The main products exported from Georgia to Montenegro were Other Nuts ($322k), Wine ($18.9k), and Water ($15.3k). During the last 5 years the exports of Georgia to Montenegro have increased at an annualized rate of 1.09%, from $381k in 2018 to $402k in 2023.

In 2018, Montenegro exported $187k to Georgia. The main products exported from Montenegro to Georgia were Hard Liquor ($181k), Percussion ($1.23k), and Interior Decorative Glassware ($1.21k). During the last 5 years the exports of Montenegro to Georgia have increased at an annualized rate of 39.4%, from $35.6k in 2023 to $187k in 2018.

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

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

Latest Data

Trade between Georgia (Flag) and Montenegro (Flag)

Georgia Exports

Montenegro Exports

Market Competitiveness

Color
Georgia
Top Destination
Azerbaijan$828M
Montenegro
Top Destination
Italy$576M

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

In 2023, countries that imported more from Georgia than Montenegro included Azerbaijan ($828M), Armenia ($712M), and Turkey ($733M).

In 2023, countries that imported more from Montenegro than Georgia included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

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

Comparative Advantage Georgia - Montenegro

Flow
Scale

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

During 2023, Georgia had a large net trade with Montenegro in the exports of Vegetable Products ($325k), Foodstuffs ($55.5k), and Metals ($8.17k).

During 2018, Montenegro had a large net trade with Georgia in the exports of Foodstuffs ($181k), Instruments ($2.05k), and Textiles ($1.6k).

Economic Complexity

Competitive Landscape

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

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

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