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2022
Flag → Flag
Exports $63.5MRnk 69 / 205
2022
Flag → Flag
Top Product $11.7MBroadcasting Equipment
2022
Flag → Flag
Exports $10.9MRnk 19 / 123
2022
Flag → Flag
Top Product $5.36MElectricity
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 14 / 133
2022
Flag  
GDP$179BCURRENT US$
Rnk 57 / 186
2012-2022
Flag
GDP GROWTH38.8%CURRENT US$
Rnk 86 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $18,463CURRENT US$
Rnk 55 / 186
2012-2022
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GDP PC GROWTH42.2%CURRENT US$
Rnk 44 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Hungary-Montenegro Trade: In 2022, Hungary exported $63.5M to Montenegro. The main products that Hungary exported to Montenegro were Broadcasting Equipment ($11.7M), Vaccines, blood, antisera, toxins and cultures ($5.37M), and Electricity ($4.63M). Over the past 5 years the exports of Hungary to Montenegro have increased at an annualized rate of 8.05%, from $43.1M in 2017 to $63.5M in 2022.

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

Montenegro-Hungary Trade: In 2022, Montenegro exported $10.9M to Hungary. The main products that Montenegro exported to Hungary were Electricity ($5.36M), Raw Aluminium ($4.27M), and Fireworks ($228k). Over the past 5 years the exports of Montenegro to Hungary have decreased at an annualized rate of 6.78%,  from $36M in 2017 to $10.9M in 2022.

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

Comparison In 2022,  Hungary ranked 14 in the Economic Complexity Index (ECI 1.38),  and 35 in total exports ($145B). 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, Hungary exported $63.5M to Montenegro. The main products exported from Hungary to Montenegro were Broadcasting Equipment ($11.7M), Vaccines, blood, antisera, toxins and cultures ($5.37M), and Electricity ($4.63M). During the last 5 years the exports of Hungary to Montenegro have increased at an annualized rate of 8.05%, from $43.1M in 2017 to $63.5M in 2022.

In 2017, Montenegro exported $10.9M to Hungary. The main products exported from Montenegro to Hungary were Electricity ($5.36M), Raw Aluminium ($4.27M), and Fireworks ($228k). During the last 5 years the exports of Montenegro to Hungary have decreased at an annualized rate of 6.78%, from $36M in 2022 to $10.9M in 2017.

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

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

Latest Data

Trade between Hungary (Flag) and Montenegro (Flag)

Hungary Exports

Montenegro Exports

Market Competitiveness

Color
Hungary
Top DestinationGermany$35.5B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Hungary than Montenegro included Germany ($35.5B), Romania ($7.94B), and Italy ($8.02B).

In 2022, countries that imported more from Montenegro than Hungary included Cayman Islands ($1.66M), San Marino ($2.1M), and Eswatini ($16.9k).

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

Comparative Advantage Hungary - Montenegro

Flow
Scale

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

During 2022, Hungary had a large net trade with Montenegro in the exports of Machines ($24.1M), Chemical Products ($12.7M), and Foodstuffs ($6.66M).

During 2017, Montenegro had a large net trade with Hungary in the exports of Mineral Products ($5.37M), Metals ($4.48M), and Instruments ($261k).

Economic Complexity

Competitive Landscape

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

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

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