Montenegro (MNE) and Austria (AUT) Trade | The Observatory of Economic Complexity

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Montenegro-Austria In 2022, Montenegro exported $3.52M to Austria. The main products that Montenegro exported to Austria are Essential Oils ($748k), Explosive Ammunition ($676k), and Dried Vegetables ($583k). During the last 16 years the exports of Montenegro to Austria have decreased at an annualized rate of 0.7%, from $3.94M in 2006 to $3.52M in 2022.

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

Austria-Montenegro In 2022, Austria exported $50.5M to Montenegro. The main products that Austria exported to Montenegro were Lifting Machinery ($3.96M), Packaged Medicaments ($3.77M), and Cars ($3.4M). During the last 16 years the exports of Austria to Montenegro have decreased at an annualized rate of 1.79%, from $67.4M in 2006 to $50.5M in 2022.

In 2011, Austria exported services to Montenegro worth $347M, with Insurance services ($331M), Communications services ($8.35M), and Transportation ($4.18M) being the largest in terms of value.

Comparison In 2022, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Austria ranked 8 in the Economic Complexity Index (ECI 1.48), and 32 in total exports ($209B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $3.52M to Austria. The main products exported from Montenegro to Austria were Essential Oils ($748k), Explosive Ammunition ($676k), and Dried Vegetables ($583k). During the last 16 years the exports of Montenegro to Austria have decreased at an annualized rate of 0.7%, from $3.94M in 2006 to $3.52M in 2022.

In 2022, Austria exported $50.5M to Montenegro. The main products exported from Austria to Montenegro were Lifting Machinery ($3.96M), Packaged Medicaments ($3.77M), and Cars ($3.4M). During the last 16 years the exports of Austria to Montenegro have decreased at an annualized rate of 1.79%, from $67.4M in 2006 to $50.5M in 2022.

Exports from Montenegro () to Austria () (2022)

Exports from Austria () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Austria ()

Montenegro Exports

Date

Austria Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Austria
Top DestinationGermany$57.7B

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

In 2021, countries that imported more from Montenegro than Austria were Cayman Islands ($1.66M).

In 2021, countries that imported more from Austria than Montenegro were Germany ($57.7B), United States ($14.4B), and Italy ($13.6B).

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

Comparative Advantage Montenegro - Austria

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Austria in the exports of Vegetable Products ($789k), Chemical Products ($760k), and Weapons ($682k).

During 2022, Austria had a large net trade with Montenegro in the exports of Machines ($12.6M), Chemical Products ($6.56M), and Animal Products ($5.96M).

Service Trade

Bilateral Service Trade

Aut Year

2011

2010

In 2011, Austria exported services to Montenegro worth $347M, with Insurance services ($331M), Communications services ($8.35M), and Transportation ($4.18M) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Austria () to Montenegro () (2011)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Montenegro has comparative advantage over Austria. Similarly, the more yellow a dot/product is, the more Austria has comparative advantage over Montenegro.

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Austria () (2022)

Exports from Austria () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Austria ()

Montenegro Exports

Austria Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Austria

Service Trade

Bilateral Service Trade

Services Exports from Austria () to Montenegro () (2011)

Economic Complexity

Competitive Landscape

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

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