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2022
Flag → Flag
Exports $508kRnk 46 / 123
2022
Flag → Flag
Top Product $107kCentrifuges
2022
Flag → Flag
Exports $799kRnk 178 / 213
2022
Flag → Flag
Top Product $317kDelivery Trucks
2022
Flag
Economic Complexity (ECI) ECI -0.24Rnk 78 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$1.68TCURRENT US$
Rnk 12 / 186
2012-2022
Flag
GDP GROWTH8.3%CURRENT US$
Rnk 148 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC$64,491CURRENT US$
Rnk 11 / 186
2012-2022
Flag
GDP PC GROWTH-5.23%CURRENT US$
Rnk 153 / 186

About

Montenegro-Australia Trade: In 2022, Montenegro exported $508k to Australia. The main products that Montenegro exported to Australia were Centrifuges ($107k), Aluminium Structures ($71.5k), and Aluminium Bars ($70.5k). Over the past 5 years the exports of Montenegro to Australia have increased at an annualized rate of 3.24%, from $433k in 2017 to $508k in 2022.

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

Australia-Montenegro Trade: In 2022, Australia exported $799k to Montenegro. The main products that Australia exported to Montenegro were Delivery Trucks ($317k), High-voltage Protection Equipment ($218k), and Fish Fillets ($65.5k). Over the past 5 years the exports of Australia to Montenegro have decreased at an annualized rate of 17.5%,  from $2.09M in 2017 to $799k in 2022.

In 2022, Australia 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, Australia ranked 78 in the Economic Complexity Index (ECI -0.24), and 16 in total exports ($424B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $508k to Australia. The main products exported from Montenegro to Australia were Centrifuges ($107k), Aluminium Structures ($71.5k), and Aluminium Bars ($70.5k). During the last 5 years the exports of Montenegro to Australia have increased at an annualized rate of 3.24%, from $433k in 2017 to $508k in 2022.

In 2017, Australia exported $799k to Montenegro. The main products exported from Australia to Montenegro were Delivery Trucks ($317k), High-voltage Protection Equipment ($218k), and Fish Fillets ($65.5k). During the last 5 years the exports of Australia to Montenegro have decreased at an annualized rate of 17.5%, from $2.09M in 2022 to $799k in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Australia (Flag)

Montenegro Exports

Australia Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Australia
Top DestinationChina$123B

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

In 2022, countries that imported more from Montenegro than Australia included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Luxembourg ($38.7M).

In 2022, countries that imported more from Australia than Montenegro included China ($123B), Japan ($80.1B), and South Korea ($41B).

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

Comparative Advantage Montenegro - Australia

Flow
Scale

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

During 2022, Montenegro had a large net trade with Australia in the exports of Machines ($178k), Metals ($152k), and Foodstuffs ($78.5k).

During 2017, Australia had a large net trade with Montenegro in the exports of Transportation ($323k), Machines ($237k), and Animal Products ($108k).

Economic Complexity

Competitive Landscape

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

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

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