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2023
Flag → Flag
Exports $5.78MRnk 26 / 130
2023
Flag → Flag
Top Product $3.23MRaw Aluminium
2023
Flag → Flag
Exports $26.1MRnk 79 / 200
2023
Flag → Flag
Top Product $4.21MBaked Goods
2023
Flag
Economic Complexity (ECI) ECI 0.69Rnk 38 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$102BCURRENT US$
Rnk 69 / 195
2013-2023
Flag
GDP GROWTH83.4%CURRENT US$
Rnk 30 / 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$15,886CURRENT US$
Rnk 72 / 196
2013-2023
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GDP PC GROWTH107%CURRENT US$
Rnk 6 / 195

About

Montenegro-Bulgaria Trade: In 2023, Montenegro exported $5.78M to Bulgaria. The main products that Montenegro exported to Bulgaria were Raw Aluminium ($3.23M), Base Metal Watches ($750k), and Scrap Copper ($378k). Over the past 5 years the exports of Montenegro to Bulgaria have decreased at an annualized rate of 4.06%, from $7.11M in 2018 to $5.78M in 2023.

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

Bulgaria-Montenegro Trade: In 2023, Bulgaria exported $26.1M to Montenegro. The main products that Bulgaria exported to Montenegro were Baked Goods ($4.21M), Glass Bottles ($1.59M), and Float Glass ($1.28M). Over the past 5 years the exports of Bulgaria to Montenegro have increased at an annualized rate of 3.67%,  from $21M in 2018 to $26.1M in 2023.

In 2023, Bulgaria 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, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.69), and 59 in total exports ($50.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $5.78M to Bulgaria. The main products exported from Montenegro to Bulgaria were Raw Aluminium ($3.23M), Base Metal Watches ($750k), and Scrap Copper ($378k). During the last 5 years the exports of Montenegro to Bulgaria have decreased at an annualized rate of 4.06%, from $7.11M in 2018 to $5.78M in 2023.

In 2018, Bulgaria exported $26.1M to Montenegro. The main products exported from Bulgaria to Montenegro were Baked Goods ($4.21M), Glass Bottles ($1.59M), and Float Glass ($1.28M). During the last 5 years the exports of Bulgaria to Montenegro have increased at an annualized rate of 3.67%, from $21M in 2023 to $26.1M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Bulgaria (Flag)

Montenegro Exports

Bulgaria Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Bulgaria
Top DestinationGermany$6.84B

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

In 2023, countries that imported more from Montenegro than Bulgaria included Luxembourg ($30.4M), Laos ($40.7k), and British Virgin Islands ($11.5k).

In 2023, countries that imported more from Bulgaria than Montenegro included Germany ($6.84B), Romania ($5.63B), and Italy ($4.06B).

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

Comparative Advantage Montenegro - Bulgaria

Flow
Scale

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

During 2023, Montenegro had a large net trade with Bulgaria in the exports of Metals ($3.62M), Instruments ($750k), and Transportation ($357k).

During 2018, Bulgaria had a large net trade with Montenegro in the exports of Foodstuffs ($7.51M), Stone And Glass ($5.22M), and Machines ($2.9M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Bulgaria (Flag) (2023)

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