Ghana (GHA) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Ghana-Montenegro Trade: In 2022, Ghana exported $29.9k to Montenegro. The main products that Ghana exported to Montenegro were Sawn Wood ($24.7k), Cocoa Powder ($2.22k), and Shaped Wood ($1.41k). Over the past 5 years the exports of Ghana to Montenegro have increased at an annualized rate of 88%, from $1.28k in 2017 to $29.9k in 2022.

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

Montenegro-Ghana In N/A, Montenegro did not export any products to Ghana.

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

Comparison In 2022, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Ghana exported $29.9k to Montenegro. The main products exported from Ghana to Montenegro were Sawn Wood ($24.7k), Cocoa Powder ($2.22k), and Shaped Wood ($1.41k). During the last 5 years the exports of Ghana to Montenegro have increased at an annualized rate of 88%, from $1.28k in 2017 to $29.9k in 2022.

Montenegro does not register exports to Ghana. The main products exported from Montenegro to Ghana were Military Weapons ($435k), Electrical Control Boards ($2.83k), and Knit Men's Suits ($1.14k).

Exports from Ghana () to Montenegro () (2022)

Exports from Montenegro () to Ghana () (2022)

Latest Data

Trade between Ghana () and Montenegro ()

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Ghana
Top DestinationUnited Arab Emirates$4.72B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Ghana than Montenegro included United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

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

Difference in imports from Montenegro () and Ghana () (2022)

Comparative Advantage Ghana - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Ghana had a large net trade with Montenegro in the exports of Wood Products ($26.1k), Foodstuffs ($3.08k), and Vegetable Products ($732).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Ghana () to Montenegro () (2022)

Exports from Montenegro () to Ghana () (2022)

Latest Data

Trade between Ghana () and Montenegro ()

Montenegro Exports

Market Competitiveness

Difference in imports from Montenegro () and Ghana () (2022)

Comparative Advantage Ghana - Montenegro

Economic Complexity

Competitive Landscape

Product Space of Ghana () and Montenegro () (2022)

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