2023
Flag  
GDP
$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH
6.86%CURRENT US$
Rnk 165 / 195
2023
Flag
GDP PC 
$39,003CURRENT US$
Rnk 32 / 195
2013-2023
Flag
GDP PC GROWTH
9.11%CURRENT US$
Rnk 136 / 195

About

Italy-Montserrat Trade: In 2023, Italy exported $250k to Montserrat. The main products that Italy exported to Montserrat were Beauty Products ($117k), Pitted Fruits ($47.6k), and Other Frozen Vegetables ($46.7k). Over the past 5 years the exports of Italy to Montserrat have increased at an annualized rate of 39.2%, from $47.9k in 2018 to $250k in 2023.

In 2023, Italy did not export any services to Montserrat.

Montserrat-Italy Trade: In 2023, Montserrat exported $2.73k to Italy. The main products that Montserrat exported to Italy were Chemical Analysis Instruments ($1.41k) and Felt or Coated Fabric Garments ($1.31k). Over the past 5 years the exports of Montserrat to Italy have decreased at an annualized rate of 64.5%,  from $486k in 2018 to $2.73k in 2023.

In 2023, Montserrat did not export any services to Italy.

Comparison In 2023,  Italy ranked 18 in the Economic Complexity Index (ECI 1.29),  and 6 in total exports ($638B). That same year, Montserrat ranked 218 in total exports ($6.05M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Italy exported $250k to Montserrat. The main products exported from Italy to Montserrat were Beauty Products ($117k), Pitted Fruits ($47.6k), and Other Frozen Vegetables ($46.7k). During the last 5 years the exports of Italy to Montserrat have increased at an annualized rate of 39.2%, from $47.9k in 2018 to $250k in 2023.

In 2018, Montserrat exported $2.73k to Italy. The main products exported from Montserrat to Italy were Chemical Analysis Instruments ($1.41k) and Felt or Coated Fabric Garments ($1.31k). During the last 5 years the exports of Montserrat to Italy have decreased at an annualized rate of 64.5%, from $486k in 2023 to $2.73k in 2018.

Exports from Italy (Flag) to Montserrat (Flag) (2023)

Exports from Montserrat (Flag) to Italy (Flag) (2023)

Market Competitiveness

Color
Italy
Top Destination
Germany$71.4B
Montserrat
Top Destination
United States$1.49M

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

In 2023, countries that imported more from Italy than Montserrat included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

In 2023, no countries were registered that imported more from Montserrat than from Italy.

Difference in imports from Montserrat (Flag) and Italy (Flag) (2023)

Comparative Advantage Italy - Montserrat

Flow
Scale

This chart compares trade between Italy and Montserrat by product, considering products traded by both, Italy and Montserrat.

During 2023, Italy had a large net trade with Montserrat in the exports of Chemical Products ($118k), Vegetable Products ($47.6k), and Foodstuffs ($46.9k).

During 2018, Montserrat had a large net trade with Italy in the exports of Instruments ($1.41k) and Textiles ($1.31k).

Economic Complexity

Competitive Landscape

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

Product Space of Italy (Flag) and Montserrat (Flag) (2023)

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