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Pricing

2022
Flag → Flag
Exports $58.8kRnk 143 / 162
2022
Flag → Flag
Top Product $43.1kPlant foliage
2022
Flag → Flag
Exports $1.86MRnk 110 / 123
2022
Flag → Flag
Top Product $319Wood Kitchenware
2022
Flag
Economic Complexity (ECI) ECI -0.2Rnk 76 / 133
2022
Flag  
GDP$95BCURRENT US$
Rnk 68 / 186
2012-2022
Flag
GDP GROWTH91.6%CURRENT US$
Rnk 17 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $5,473CURRENT US$
Rnk 107 / 186
2012-2022
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GDP PC GROWTH63.1%CURRENT US$
Rnk 22 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Guatemala-Montenegro Trade: In 2022, Guatemala exported $58.8k to Montenegro. The main products that Guatemala exported to Montenegro were Plant foliage ($43.1k), Hard Liquor ($5.81k), and Knit Sweaters ($2.5k). Over the past 5 years the exports of Guatemala to Montenegro have decreased at an annualized rate of 23.7%, from $228k in 2017 to $58.8k in 2022.

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

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

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

Comparison In 2022,  Guatemala ranked 76 in the Economic Complexity Index (ECI -0.2),  and 84 in total exports ($16.4B). 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, Guatemala exported $58.8k to Montenegro. The main products exported from Guatemala to Montenegro were Plant foliage ($43.1k), Hard Liquor ($5.81k), and Knit Sweaters ($2.5k). During the last 5 years the exports of Guatemala to Montenegro have decreased at an annualized rate of 23.7%, from $228k in 2017 to $58.8k in 2022.

Montenegro does not register exports to Guatemala. The main products exported from Montenegro to Guatemala were Wood Kitchenware ($319), Iron Stovetops ($242), and Ball Bearings ($77).

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

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

Market Competitiveness

Color
Guatemala
Top DestinationUnited States$5.23B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Guatemala than Montenegro included United States ($5.23B), El Salvador ($2.03B), and Honduras ($1.58B).

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

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

Comparative Advantage Guatemala - Montenegro

Flow
Scale

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

During 2022, Guatemala had a large net trade with Montenegro in the exports of Vegetable Products ($47.7k), Foodstuffs ($5.81k), and Textiles ($5.27k).

Economic Complexity

Competitive Landscape

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

Product Space of Guatemala (Flag) and Montenegro (Flag) (2022)

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