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2023
Flag → Flag
Exports $931kRnk 178 / 198
2023
Flag → Flag
Top Product $234kBase Metal Watches
2023
Flag → Flag
Exports $32.5MRnk 10 / 130
2023
Flag → Flag
Top Product $30.9MRaw Aluminium
2023
Flag
Economic Complexity (ECI) ECI 1.12Rnk 23 / 132
2023
Flag  
GDP$381BCURRENT US$
Rnk 39 / 195
2013-2023
Flag
GDP GROWTH38.1%CURRENT US$
Rnk 97 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $50,532CURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP PC GROWTH31.6%CURRENT US$
Rnk 75 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Hong Kong-Montenegro Trade: In 2023, Hong Kong exported $931k to Montenegro. The main products that Hong Kong exported to Montenegro were Base Metal Watches ($234k), Frozen Bovine Meat ($89.4k), and Chlorides ($62.3k). Over the past 5 years the exports of Hong Kong to Montenegro have decreased at an annualized rate of 21.7%, from $3.17M in 2018 to $931k in 2023.

In 2023, Hong Kong did not export any services to Montenegro.

Montenegro-Hong Kong Trade: In 2023, Montenegro exported $32.5M to Hong Kong. The main products that Montenegro exported to Hong Kong were Raw Aluminium ($30.9M), Rolled Tobacco ($1.22M), and Telephones ($123k). Over the past 5 years the exports of Montenegro to Hong Kong have increased at an annualized rate of 45.1%,  from $2.4M in 2018 to $32.5M in 2023.

In 2023, Montenegro did not export any services to Hong Kong.

Comparison In 2023,  Hong Kong ranked 23 in the Economic Complexity Index (ECI 1.12),  and 38 in total exports ($117B). 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, Hong Kong exported $931k to Montenegro. The main products exported from Hong Kong to Montenegro were Base Metal Watches ($234k), Frozen Bovine Meat ($89.4k), and Chlorides ($62.3k). During the last 5 years the exports of Hong Kong to Montenegro have decreased at an annualized rate of 21.7%, from $3.17M in 2018 to $931k in 2023.

In 2018, Montenegro exported $32.5M to Hong Kong. The main products exported from Montenegro to Hong Kong were Raw Aluminium ($30.9M), Rolled Tobacco ($1.22M), and Telephones ($123k). During the last 5 years the exports of Montenegro to Hong Kong have increased at an annualized rate of 45.1%, from $2.4M in 2023 to $32.5M in 2018.

Exports from Hong Kong (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Hong Kong (Flag) (2023)

Latest Data

Trade between Hong Kong (Flag) and Montenegro (Flag)

Hong Kong Exports

Montenegro Exports

Market Competitiveness

Color
Hong Kong
Top DestinationChina$25.3B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Hong Kong than Montenegro included China ($25.3B), Vietnam ($14.4B), and South Korea ($9.5B).

In 2023, countries that imported more from Montenegro than Hong Kong included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Slovenia ($77.9M).

Difference in imports from Montenegro (Flag) and Hong Kong (Flag) (2023)

Comparative Advantage Hong Kong - Montenegro

Flow
Scale

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

During 2023, Hong Kong had a large net trade with Montenegro in the exports of Instruments ($275k), Machines ($174k), and Miscellaneous ($100k).

During 2018, Montenegro had a large net trade with Hong Kong in the exports of Metals ($30.9M), Foodstuffs ($1.25M), and Machines ($211k).

Economic Complexity

Competitive Landscape

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

Product Space of Hong Kong (Flag) and Montenegro (Flag) (2023)

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