2022
Flag  
GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
 GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC 
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186
2022
Flag
GDP PC
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186

About

Mexico-Montenegro Trade: In 2022, Mexico exported $4.2M to Montenegro. The main products that Mexico exported to Montenegro were Cars ($790k), Tractors ($508k), and Medical Instruments ($374k). Over the past 5 years the exports of Mexico to Montenegro have increased at an annualized rate of 5.79%, from $3.17M in 2017 to $4.2M in 2022.

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

Montenegro-Mexico Trade: In 2022, Montenegro exported $33.9k to Mexico. The main products that Montenegro exported to Mexico were Leather Footwear ($14.7k), Non-Knit Women's Suits ($4.14k), and Knit T-shirts ($3.09k). Over the past 5 years the exports of Montenegro to Mexico have decreased at an annualized rate of 18.5%,  from $94.6k in 2017 to $33.9k in 2022.

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

Comparison In 2022,  Mexico ranked 25 in the Economic Complexity Index (ECI 1.08),  and 10 in total exports ($549B). 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, Mexico exported $4.2M to Montenegro. The main products exported from Mexico to Montenegro were Cars ($790k), Tractors ($508k), and Medical Instruments ($374k). During the last 5 years the exports of Mexico to Montenegro have increased at an annualized rate of 5.79%, from $3.17M in 2017 to $4.2M in 2022.

In 2017, Montenegro exported $33.9k to Mexico. The main products exported from Montenegro to Mexico were Leather Footwear ($14.7k), Non-Knit Women's Suits ($4.14k), and Knit T-shirts ($3.09k). During the last 5 years the exports of Montenegro to Mexico have decreased at an annualized rate of 18.5%, from $94.6k in 2022 to $33.9k in 2017.

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

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

Latest Data

Trade between Mexico (Flag) and Montenegro (Flag)

Mexico Exports

Montenegro Exports

Market Competitiveness

Color
Mexico
Top Destination
United States$421B
Montenegro
Top Destination
South Korea$321M

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

In 2022, countries that imported more from Mexico than Montenegro included United States ($421B), Canada ($22.2B), and China ($12.7B).

In 2022, countries that imported more from Montenegro than Mexico included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Albania ($21.9M).

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

Comparative Advantage Mexico - Montenegro

Flow
Scale

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

During 2022, Mexico had a large net trade with Montenegro in the exports of Transportation ($1.67M), Machines ($675k), and Foodstuffs ($642k).

During 2017, Montenegro had a large net trade with Mexico in the exports of Footwear and Headwear ($18.3k), Textiles ($14.7k), and Animal Hides ($969).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with