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2023
Flag → Flag
Exports $25.3MRnk 14 / 130
2023
Flag → Flag
Top Product $8.32MSawn Wood
2023
Flag → Flag
Exports $82.3MRnk 8 / 126
2023
Flag → Flag
Top Product $16.9MCement
2023
Flag
Economic Complexity (ECI) ECI -0.33Rnk 77 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$23.5BCURRENT US$
Rnk 115 / 195
2013-2023
Flag
GDP GROWTH84.3%CURRENT US$
Rnk 29 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
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GDP PC$8,575CURRENT US$
Rnk 93 / 196
2013-2023
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GDP PC GROWTH94.3%CURRENT US$
Rnk 10 / 195

About

Montenegro-Albania Trade: In 2023, Montenegro exported $25.3M to Albania. The main products that Montenegro exported to Albania were Sawn Wood ($8.32M), Electricity ($4.95M), and Small Iron Containers ($2M). Over the past 5 years the exports of Montenegro to Albania have increased at an annualized rate of 11.3%, from $14.8M in 2018 to $25.3M in 2023.

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

Albania-Montenegro Trade: In 2023, Albania exported $82.3M to Montenegro. The main products that Albania exported to Montenegro were Cement ($16.9M), Petroleum Coke ($8.84M), and Raw Iron Bars ($6.29M). Over the past 5 years the exports of Albania to Montenegro have increased at an annualized rate of 10.3%,  from $50.4M in 2018 to $82.3M in 2023.

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

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, Albania ranked 77 in the Economic Complexity Index (ECI -0.33), and 134 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $25.3M to Albania. The main products exported from Montenegro to Albania were Sawn Wood ($8.32M), Electricity ($4.95M), and Small Iron Containers ($2M). During the last 5 years the exports of Montenegro to Albania have increased at an annualized rate of 11.3%, from $14.8M in 2018 to $25.3M in 2023.

In 2018, Albania exported $82.3M to Montenegro. The main products exported from Albania to Montenegro were Cement ($16.9M), Petroleum Coke ($8.84M), and Raw Iron Bars ($6.29M). During the last 5 years the exports of Albania to Montenegro have increased at an annualized rate of 10.3%, from $50.4M in 2023 to $82.3M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Albania (Flag)

Montenegro Exports

Albania Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Albania
Top DestinationItaly$1.72B

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 2023, countries that imported more from Montenegro than Albania included Slovenia ($77.9M), Bosnia and Herzegovina ($67.5M), and Hong Kong ($32.5M).

In 2023, countries that imported more from Albania than Montenegro included Italy ($1.72B), Greece ($409M), and Germany ($234M).

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

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 2023, Montenegro had a large net trade with Albania in the exports of Wood Products ($9.16M), Mineral Products ($5.06M), and Metals ($4.75M).

During 2018, Albania had a large net trade with Montenegro in the exports of Mineral Products ($35.1M), Metals ($16.4M), and Vegetable Products ($9.53M).

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) (2023)

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