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2023
Flag → Flag
Exports $2.6MRnk 113 / 150
2023
Flag → Flag
Top Product $450kOther Cloth Articles
2023
Flag → Flag
Exports $6MRnk 24 / 130
2023
Flag → Flag
Top Product $5.76MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 1.28Rnk 19 / 132
2023
Flag  
GDP$514BCURRENT US$
Rnk 28 / 195
2013-2023
Flag
GDP GROWTH72.6%CURRENT US$
Rnk 38 / 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 $52,642CURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP PC GROWTH42.5%CURRENT US$
Rnk 56 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Israel-Montenegro Trade: In 2023, Israel exported $2.6M to Montenegro. The main products that Israel exported to Montenegro were Other Cloth Articles ($450k), Tropical Fruits ($285k), and Binoculars and Telescopes ($227k). Over the past 5 years the exports of Israel to Montenegro have increased at an annualized rate of 11.4%, from $1.51M in 2018 to $2.6M in 2023.

In 2010, Israel exported services to Montenegro worth $0, with being the largest in terms of value.

Montenegro-Israel Trade: In 2023, Montenegro exported $6M to Israel. The main products that Montenegro exported to Israel were Hard Liquor ($5.76M), Other Plastic Products ($68.4k), and Microphones and Headphones ($21.7k). Over the past 5 years the exports of Montenegro to Israel have increased at an annualized rate of 115%,  from $131k in 2018 to $6M in 2023.

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

Comparison In 2023,  Israel ranked 19 in the Economic Complexity Index (ECI 1.28),  and 49 in total exports ($69.3B). 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, Israel exported $2.6M to Montenegro. The main products exported from Israel to Montenegro were Other Cloth Articles ($450k), Tropical Fruits ($285k), and Binoculars and Telescopes ($227k). During the last 5 years the exports of Israel to Montenegro have increased at an annualized rate of 11.4%, from $1.51M in 2018 to $2.6M in 2023.

In 2018, Montenegro exported $6M to Israel. The main products exported from Montenegro to Israel were Hard Liquor ($5.76M), Other Plastic Products ($68.4k), and Microphones and Headphones ($21.7k). During the last 5 years the exports of Montenegro to Israel have increased at an annualized rate of 115%, from $131k in 2023 to $6M in 2018.

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

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

Latest Data

Trade between Israel (Flag) and Montenegro (Flag)

Montenegro Exports

Market Competitiveness

Color
Israel
Top DestinationUnited States$20.3B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Israel than Montenegro included United States ($20.3B), China ($7.09B), and Ireland ($4.22B).

In 2023, countries that imported more from Montenegro than Israel included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and North Macedonia ($17.3M).

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

Comparative Advantage Israel - Montenegro

Flow
Scale

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

During 2023, Israel had a large net trade with Montenegro in the exports of Instruments ($670k), Textiles ($462k), and Machines ($428k).

During 2018, Montenegro had a large net trade with Israel in the exports of Foodstuffs ($5.76M), Machines ($78.6k), and Plastics and Rubbers ($68.4k).

Economic Complexity

Competitive Landscape

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

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

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