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2023
Flag → Flag
Exports $957kRnk 40 / 130
2023
Flag → Flag
Top Product $610kAircraft parts (gliders, balloons, and powered aircraft)
2023
Flag → Flag
Exports $26.5kRnk 109 / 137
2023
Flag → Flag
Top Product $14.3kAcyclic alcohol derivatives (halogenated, sulphonated, nitrated)
2023
Flag
Economic Complexity (ECI) ECI -0.43Rnk 84 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$72.4BCURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP GROWTH-2.43%CURRENT US$
Rnk 173 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC$7,126CURRENT US$
Rnk 103 / 196
2013-2023
Flag
GDP PC GROWTH-9.52%CURRENT US$
Rnk 168 / 195

About

Montenegro-Azerbaijan Trade: In 2023, Montenegro exported $957k to Azerbaijan. The main products that Montenegro exported to Azerbaijan were Aircraft parts (gliders, balloons, and powered aircraft) ($610k), Packaged Medicaments ($276k), and Hard Liquor ($71k). Over the past 5 years the exports of Montenegro to Azerbaijan have increased at an annualized rate of 95.2%, from $33.8k in 2018 to $957k in 2023.

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

Azerbaijan-Montenegro Trade: In 2023, Azerbaijan exported $26.5k to Montenegro. The main products that Azerbaijan exported to Montenegro were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($14.3k), Iron Housewares ($2.96k), and Tea ($2.59k). Over the past 5 years the exports of Azerbaijan to Montenegro have increased at an annualized rate of 204%,  from $102 in 2018 to $26.5k in 2023.

In 2023, Azerbaijan 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, Azerbaijan ranked 84 in the Economic Complexity Index (ECI -0.43), and 70 in total exports ($31.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $957k to Azerbaijan. The main products exported from Montenegro to Azerbaijan were Aircraft parts (gliders, balloons, and powered aircraft) ($610k), Packaged Medicaments ($276k), and Hard Liquor ($71k). During the last 5 years the exports of Montenegro to Azerbaijan have increased at an annualized rate of 95.2%, from $33.8k in 2018 to $957k in 2023.

In 2018, Azerbaijan exported $26.5k to Montenegro. The main products exported from Azerbaijan to Montenegro were Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($14.3k), Iron Housewares ($2.96k), and Tea ($2.59k). During the last 5 years the exports of Azerbaijan to Montenegro have increased at an annualized rate of 204%, from $102 in 2023 to $26.5k in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Azerbaijan (Flag)

Montenegro Exports

Azerbaijan Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Azerbaijan
Top DestinationItaly$11.4B

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 2023, countries that imported more from Montenegro than Azerbaijan included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Slovenia ($77.9M).

In 2023, countries that imported more from Azerbaijan than Montenegro included Italy ($11.4B), Turkey ($5.85B), and Israel ($1.4B).

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

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 2023, Montenegro had a large net trade with Azerbaijan in the exports of Transportation ($610k), Chemical Products ($276k), and Foodstuffs ($71k).

During 2018, Azerbaijan had a large net trade with Montenegro in the exports of Chemical Products ($14.3k), Metals ($4.06k), and Vegetable Products ($2.59k).

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) (2023)

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