2023
Flag  
GDP
$251BCURRENT US$
Rnk 52 / 195
2013-2023
Flag
GDP GROWTH
6.91%CURRENT US$
Rnk 164 / 195
2023
Flag
 GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC 
$5,565CURRENT US$
Rnk 118 / 195
2013-2023
Flag
GDP PC GROWTH
-16.3%CURRENT US$
Rnk 174 / 195
2023
Flag
GDP PC
$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195

About

Iraq-Montenegro Trade: In 2023, Iraq exported $7.2k to Montenegro. The main products that Iraq exported to Montenegro were Float Glass ($7.2k). Over the past 5 years the exports of Iraq to Montenegro have increased at an annualized rate of 14.9%, from $3.59k in 2018 to $7.2k in 2023.

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

Montenegro-Iraq Trade: In 2023, Montenegro exported $261k to Iraq. The main products that Montenegro exported to Iraq were Hard Liquor ($258k), Non-Knit Women's Shirts ($1.35k), and Knit T-shirts ($769). Over the past 5 years the exports of Montenegro to Iraq have increased at an annualized rate of 83.9%,  from $1.08k in 2018 to $261k in 2023.

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

Comparison In 2023,  Iraq ranked 97 in the Economic Complexity Index (ECI -0.71),  and 40 in total exports ($107B). 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, Iraq exported $7.2k to Montenegro. The main products exported from Iraq to Montenegro were Float Glass ($7.2k). During the last 5 years the exports of Iraq to Montenegro have increased at an annualized rate of 14.9%, from $3.59k in 2018 to $7.2k in 2023.

In 2018, Montenegro exported $261k to Iraq. The main products exported from Montenegro to Iraq were Hard Liquor ($258k), Non-Knit Women's Shirts ($1.35k), and Knit T-shirts ($769). During the last 5 years the exports of Montenegro to Iraq have increased at an annualized rate of 83.9%, from $1.08k in 2023 to $261k in 2018.

Exports from Iraq (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Iraq (Flag) (2023)

Latest Data

Trade between Iraq (Flag) and Montenegro (Flag)

Montenegro Exports

Market Competitiveness

Color
Iraq
Top Destination
China$35.5B
Montenegro
Top Destination
Italy$576M

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

In 2023, countries that imported more from Iraq than Montenegro included China ($35.5B), India ($29.8B), and United States ($8.92B).

In 2023, countries that imported more from Montenegro than Iraq included Slovenia ($77.9M), Bosnia and Herzegovina ($67.5M), and Sweden ($50.2M).

Difference in imports from Montenegro (Flag) and Iraq (Flag) (2023)

Comparative Advantage Iraq - Montenegro

Flow
Scale

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

During 2023, Iraq had a large net trade with Montenegro in the exports of Stone And Glass ($7.2k).

During 2018, Montenegro had a large net trade with Iraq in the exports of Foodstuffs ($258k), Textiles ($2.12k), and Footwear and Headwear ($595).

Economic Complexity

Competitive Landscape

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

Product Space of Iraq (Flag) and Montenegro (Flag) (2023)

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