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2022
Flag → Flag
Exports $21.9MRnk 14 / 123
2022
Flag → Flag
Top Product $6.69MSawn Wood
2022
Flag → Flag
Exports $80.8MRnk 9 / 129
2022
Flag → Flag
Top Product $14.6MElectricity
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 77 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$18.9BCURRENT US$
Rnk 120 / 186
2012-2022
Flag
GDP GROWTH53.3%CURRENT US$
Rnk 55 / 186
2022
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GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC$6,803CURRENT US$
Rnk 94 / 186
2012-2022
Flag
GDP PC GROWTH60.2%CURRENT US$
Rnk 27 / 186

About

Montenegro-Albania Trade: In 2022, Montenegro exported $21.9M to Albania. The main products that Montenegro exported to Albania were Sawn Wood ($6.69M), Raw Aluminium ($4.84M), and Scrap Aluminium ($2.13M). Over the past 5 years the exports of Montenegro to Albania have increased at an annualized rate of 12%, from $12.4M in 2017 to $21.9M in 2022.

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

Albania-Montenegro Trade: In 2022, Albania exported $80.8M to Montenegro. The main products that Albania exported to Montenegro were Electricity ($14.6M), Cement ($11M), and Petroleum Coke ($9.64M). Over the past 5 years the exports of Albania to Montenegro have increased at an annualized rate of 15.6%,  from $39.1M in 2017 to $80.8M in 2022.

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

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.24), and 131 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $21.9M to Albania. The main products exported from Montenegro to Albania were Sawn Wood ($6.69M), Raw Aluminium ($4.84M), and Scrap Aluminium ($2.13M). During the last 5 years the exports of Montenegro to Albania have increased at an annualized rate of 12%, from $12.4M in 2017 to $21.9M in 2022.

In 2017, Albania exported $80.8M to Montenegro. The main products exported from Albania to Montenegro were Electricity ($14.6M), Cement ($11M), and Petroleum Coke ($9.64M). During the last 5 years the exports of Albania to Montenegro have increased at an annualized rate of 15.6%, from $39.1M in 2022 to $80.8M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Albania (Flag)

Montenegro Exports

Albania Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Albania
Top DestinationItaly$1.75B

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

In 2022, countries that imported more from Montenegro than Albania included South Korea ($321M), Switzerland ($116M), and Serbia ($159M).

In 2022, countries that imported more from Albania than Montenegro included Italy ($1.75B), Greece ($421M), and Spain ($309M).

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

Comparative Advantage Montenegro - Albania

Flow
Scale

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

During 2022, Montenegro had a large net trade with Albania in the exports of Metals ($7.38M), Wood Products ($6.86M), and Foodstuffs ($2.25M).

During 2017, Albania had a large net trade with Montenegro in the exports of Mineral Products ($37.9M), Vegetable Products ($14.6M), and Metals ($13M).

Economic Complexity

Competitive Landscape

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

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

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