Montenegro (MNE) and Albania (ALB) Trade | The Observatory of Economic Complexity

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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 In N/A, Albania did not export any products to Montenegro.

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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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.

Albania does not register exports to Montenegro. The main products exported from Albania to Montenegro were Electricity ($14.6M), Cement ($11M), and Petroleum Coke ($9.64M).

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

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

Latest Data

Trade between Montenegro () and Albania ()

Montenegro Exports

Date

Albania Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Montenegro () (2022)

Comparative Advantage Montenegro - Albania

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Montenegro () and Albania ()

Montenegro Exports

Albania Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Albania

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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