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2022
Flag → Flag
Exports $14.1MRnk 17 / 123
2022
Flag → Flag
Top Product $10.8MCopper Ore
2022
Flag → Flag
Exports $20.9MRnk 84 / 206
2022
Flag → Flag
Top Product $3.09MBaked Goods
2022
Flag
Economic Complexity (ECI) ECI 0.68Rnk 38 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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 GDP$89BCURRENT US$
Rnk 70 / 186
2012-2022
Flag
GDP GROWTH64%CURRENT US$
Rnk 37 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
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GDP PC$13,772CURRENT US$
Rnk 64 / 186
2012-2022
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GDP PC GROWTH85.3%CURRENT US$
Rnk 13 / 186

About

Montenegro-Bulgaria Trade: In 2022, Montenegro exported $14.1M to Bulgaria. The main products that Montenegro exported to Bulgaria were Copper Ore ($10.8M), Raw Aluminium ($1.64M), and Video and Card Games ($404k). Over the past 5 years the exports of Montenegro to Bulgaria have increased at an annualized rate of 30.1%, from $3.78M in 2017 to $14.1M in 2022.

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

Bulgaria-Montenegro Trade: In 2022, Bulgaria exported $20.9M to Montenegro. The main products that Bulgaria exported to Montenegro were Baked Goods ($3.09M), Float Glass ($1.31M), and Refined Petroleum ($825k). Over the past 5 years the exports of Bulgaria to Montenegro have increased at an annualized rate of 2.26%,  from $18.7M in 2017 to $20.9M in 2022.

In 2022, Bulgaria 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, Bulgaria ranked 38 in the Economic Complexity Index (ECI 0.68), and 60 in total exports ($51.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $14.1M to Bulgaria. The main products exported from Montenegro to Bulgaria were Copper Ore ($10.8M), Raw Aluminium ($1.64M), and Video and Card Games ($404k). During the last 5 years the exports of Montenegro to Bulgaria have increased at an annualized rate of 30.1%, from $3.78M in 2017 to $14.1M in 2022.

In 2017, Bulgaria exported $20.9M to Montenegro. The main products exported from Bulgaria to Montenegro were Baked Goods ($3.09M), Float Glass ($1.31M), and Refined Petroleum ($825k). During the last 5 years the exports of Bulgaria to Montenegro have increased at an annualized rate of 2.26%, from $18.7M in 2022 to $20.9M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Bulgaria (Flag)

Montenegro Exports

Bulgaria Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Bulgaria
Top DestinationGermany$6.91B

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 2022, countries that imported more from Montenegro than Bulgaria included South Korea ($321M), Cayman Islands ($1.66M), and Republic of the Congo ($967k).

In 2022, countries that imported more from Bulgaria than Montenegro included Germany ($6.91B), Romania ($6.55B), and Italy ($3.85B).

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

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 2022, Montenegro had a large net trade with Bulgaria in the exports of Mineral Products ($10.8M), Metals ($1.7M), and Miscellaneous ($507k).

During 2017, Bulgaria had a large net trade with Montenegro in the exports of Foodstuffs ($5.78M), Stone And Glass ($3.68M), and Machines ($2.43M).

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) (2022)

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