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2022
Flag → Flag
Exports $207kRnk 60 / 123
2022
Flag → Flag
Top Product $185kPackaged Medicaments
2022
Flag → Flag
Exports $21.9kRnk 115 / 141
2022
Flag → Flag
Top Product $20.1kPetroleum Gas
2022
Flag
Economic Complexity (ECI) ECI -0.44Rnk 83 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$78.7BCURRENT US$
Rnk 73 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 140 / 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$7,737CURRENT US$
Rnk 87 / 186
2012-2022
Flag
GDP PC GROWTH3.21%CURRENT US$
Rnk 134 / 186

About

Montenegro-Azerbaijan Trade: In 2022, Montenegro exported $207k to Azerbaijan. The main products that Montenegro exported to Azerbaijan were Packaged Medicaments ($185k), Electrical Control Boards ($16k), and Non-Knit Women's Suits ($3.24k). Over the past 5 years the exports of Montenegro to Azerbaijan have increased at an annualized rate of 11.9%, from $118k in 2017 to $207k in 2022.

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

Azerbaijan-Montenegro Trade: In 2022, Azerbaijan exported $21.9k to Montenegro. The main products that Azerbaijan exported to Montenegro were Petroleum Gas ($20.1k), Other Fermented Beverages ($1.04k), and Flavored Water ($389). Over the past 5 years the exports of Azerbaijan to Montenegro have decreased at an annualized rate of 6.1%,  from $30k in 2017 to $21.9k in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $207k to Azerbaijan. The main products exported from Montenegro to Azerbaijan were Packaged Medicaments ($185k), Electrical Control Boards ($16k), and Non-Knit Women's Suits ($3.24k). During the last 5 years the exports of Montenegro to Azerbaijan have increased at an annualized rate of 11.9%, from $118k in 2017 to $207k in 2022.

In 2017, Azerbaijan exported $21.9k to Montenegro. The main products exported from Azerbaijan to Montenegro were Petroleum Gas ($20.1k), Other Fermented Beverages ($1.04k), and Flavored Water ($389). During the last 5 years the exports of Azerbaijan to Montenegro have decreased at an annualized rate of 6.1%, from $30k in 2022 to $21.9k in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Azerbaijan (Flag)

Montenegro Exports

Azerbaijan Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Montenegro than Azerbaijan included South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

In 2022, countries that imported more from Azerbaijan than Montenegro included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

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

Comparative Advantage Montenegro - Azerbaijan

Flow
Scale

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

During 2022, Montenegro had a large net trade with Azerbaijan in the exports of Chemical Products ($185k), Machines ($16k), and Textiles ($4.26k).

During 2017, Azerbaijan had a large net trade with Montenegro in the exports of Mineral Products ($20.1k), Foodstuffs ($1.43k), and Machines ($363).

Economic Complexity

Competitive Landscape

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

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

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