Greece (GRC) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

2023

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Exports $272MRnk 40 / 214

2023

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About

Greece-Montenegro Trade: In 2023, Greece exported $272M to Montenegro. The main products that Greece exported to Montenegro were Refined Petroleum ($218M), Aluminium Bars ($6.7M), and Citrus ($4.24M). Over the past 5 years the exports of Greece to Montenegro have increased at an annualized rate of 6.91%, from $194M in 2018 to $272M in 2023.

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

Montenegro-Greece Trade: In 2023, Montenegro exported $20.2M to Greece. The main products that Montenegro exported to Greece were Raw Aluminium ($9.65M), Aluminium Ore ($7.4M), and Planes, Helicopters, and/or Spacecraft ($1.18M). Over the past 5 years the exports of Montenegro to Greece have increased at an annualized rate of 27.9%, from $5.92M in 2018 to $20.2M in 2023.

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

Comparison In 2023, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Latest Data

Trade between Greece () and Montenegro ()

Greece Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Greece
Top DestinationItaly$6.21B

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Greece than Montenegro included Italy ($6.21B), Cyprus ($3.03B), and Germany ($3.06B).

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

Difference in imports from Montenegro () and Greece () (2023)

Economic Complexity

Competitive Landscape

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