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2023
Flag → Flag
Exports $33.2MRnk 147 / 211
2023
Flag → Flag
Top Product $12MCars
2023
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Exports $147kRnk 65 / 130
2023
Flag → Flag
Top Product $99.3kTransmissions
2023
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Economic Complexity (ECI) ECI 2.07Rnk 1 / 132
2023
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GDP$4.2TCURRENT US$
Rnk 4 / 195
2013-2023
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GDP GROWTH-19.3%CURRENT US$
Rnk 190 / 195
2023
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 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
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GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
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GDP PC $33,767CURRENT US$
Rnk 38 / 195
2013-2023
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GDP PC GROWTH-17.4%CURRENT US$
Rnk 176 / 195
2023
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GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
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GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Japan-Montenegro Trade: In 2023, Japan exported $33.2M to Montenegro. The main products that Japan exported to Montenegro were Cars ($12M), Large Coated Flat-Rolled Iron ($2.84M), and Large Construction Vehicles ($2.26M). Over the past 5 years the exports of Japan to Montenegro have decreased at an annualized rate of 3.09%, from $38.8M in 2018 to $33.2M in 2023.

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

Montenegro-Japan Trade: In 2023, Montenegro exported $147k to Japan. The main products that Montenegro exported to Japan were Transmissions ($99.3k), Wine ($17.5k), and Knit Sweaters ($4.24k). Over the past 5 years the exports of Montenegro to Japan have decreased at an annualized rate of 15.6%,  from $344k in 2018 to $147k in 2023.

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

Comparison In 2023,  Japan ranked 1 in the Economic Complexity Index (ECI 2.07),  and 4 in total exports ($766B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Japan exported ¥76.9M and imported ¥3.43M from Montenegro, resulting in a positive trade balance of ¥73.5M. Between November 2023 and November 2024 the exports of Japan have increased by ¥35.1M (84%) from ¥41.8M to ¥76.9M, while imports increased by ¥921k (36.7%) from ¥2.51M to ¥3.43M.

Trade In November 2024, the top exports of Japan to Montenegro were Rubber Tires (¥16.3M), Large Coated Flat-Rolled Iron (¥5.91M), and Fishing and Hunting Equipment (¥998k). In November 2024 the top imports of Japan from Montenegro were Transmissions (¥4.6M).

Origins In November 2024 the exports of Japan were mainly from Aichi (¥62.5M), Hyōgo (¥10.1M), Osaka (¥2.59M), and Chiba (¥1.85M), while imports destinations were mainly Aichi (¥3.43M).

Growth In November 2024, the increase in Japan's year-by-year exports to Montenegro was explained primarily by an increase in product exports in . In November 2024, the increase in Japan's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in Transmissions (¥1.97M or 74.7%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)¥35.1M(84%)
IMPORT GROWTH (November 2023 - November 2024)¥921k(36.7%)
MAIN EXPORTER (November 2024)Aichi¥62.5M

This section shows exports and imports data at subnational level for Japan. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Japan over time.

To check Montenegro and Japan trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Japan exported $33.2M to Montenegro. The main products exported from Japan to Montenegro were Cars ($12M), Large Coated Flat-Rolled Iron ($2.84M), and Large Construction Vehicles ($2.26M). During the last 5 years the exports of Japan to Montenegro have decreased at an annualized rate of 3.09%, from $38.8M in 2018 to $33.2M in 2023.

In 2018, Montenegro exported $147k to Japan. The main products exported from Montenegro to Japan were Transmissions ($99.3k), Wine ($17.5k), and Knit Sweaters ($4.24k). During the last 5 years the exports of Montenegro to Japan have decreased at an annualized rate of 15.6%, from $344k in 2023 to $147k in 2018.

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

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

Market Competitiveness

Color
Japan
Top DestinationUnited States$143B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Japan than Montenegro included United States ($143B), China ($138B), and Chinese Taipei ($43B).

In 2023, no countries were registered that imported more from Montenegro than from Japan.

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

Comparative Advantage Japan - Montenegro

Flow
Scale

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

During 2023, Japan had a large net trade with Montenegro in the exports of Transportation ($15.8M), Machines ($9.12M), and Metals ($3.11M).

During 2018, Montenegro had a large net trade with Japan in the exports of Machines ($104k), Foodstuffs ($17.7k), and Textiles ($14.5k).

Economic Complexity

Competitive Landscape

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

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

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