2022
Flag  
GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
 GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC 
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186
2022
Flag
GDP PC
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186

About

Georgia-Montenegro Trade: In 2022, Georgia exported $257k to Montenegro. The main products that Georgia exported to Montenegro were Other Nuts ($219k), Wine ($7.61k), and Water ($6.84k). Over the past 5 years the exports of Georgia to Montenegro have increased at an annualized rate of 12.5%, from $143k in 2017 to $257k in 2022.

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

Montenegro-Georgia Trade: In 2022, Montenegro exported $19M to Georgia. The main products that Montenegro exported to Georgia were Copper Ore ($17.4M), Fireworks ($1.17M), and Aircraft Parts ($290k). Over the past 5 years the exports of Montenegro to Georgia have increased at an annualized rate of 318%,  from $14.8k in 2017 to $19M in 2022.

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

Comparison In 2022,  Georgia ranked 64 in the Economic Complexity Index (ECI 0.036),  and 118 in total exports ($6.82B). 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, Georgia exported $257k to Montenegro. The main products exported from Georgia to Montenegro were Other Nuts ($219k), Wine ($7.61k), and Water ($6.84k). During the last 5 years the exports of Georgia to Montenegro have increased at an annualized rate of 12.5%, from $143k in 2017 to $257k in 2022.

In 2017, Montenegro exported $19M to Georgia. The main products exported from Montenegro to Georgia were Copper Ore ($17.4M), Fireworks ($1.17M), and Aircraft Parts ($290k). During the last 5 years the exports of Montenegro to Georgia have increased at an annualized rate of 318%, from $14.8k in 2022 to $19M in 2017.

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

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

Latest Data

Trade between Georgia (Flag) and Montenegro (Flag)

Georgia Exports

Montenegro Exports

Market Competitiveness

Color
Georgia
Top Destination
China$759M
Montenegro
Top Destination
South Korea$321M

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 2022, countries that imported more from Georgia than Montenegro included China ($759M), Azerbaijan ($668M), and Russia ($642M).

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

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

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 2022, Georgia had a large net trade with Montenegro in the exports of Vegetable Products ($220k), Foodstuffs ($18.7k), and Textiles ($14.6k).

During 2017, Montenegro had a large net trade with Georgia in the exports of Mineral Products ($17.4M), Chemical Products ($1.18M), and Transportation ($290k).

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) (2022)

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