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2022
Flag → Flag
Exports $95.5MRnk 5 / 123
2022
Flag → Flag
Top Product $69.5MElectricity
2022
Flag → Flag
Exports $306MRnk 7 / 162
2022
Flag → Flag
Top Product $101MElectricity
2022
Flag
Economic Complexity (ECI) ECI 0.67Rnk 39 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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 GDP$24.5BCURRENT US$
Rnk 110 / 186
2012-2022
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GDP GROWTH42.4%CURRENT US$
Rnk 81 / 186
2022
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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$7,585CURRENT US$
Rnk 88 / 186
2012-2022
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GDP PC GROWTH61.8%CURRENT US$
Rnk 25 / 186

About

Montenegro-Bosnia and Herzegovina Trade: In 2022, Montenegro exported $95.5M to Bosnia and Herzegovina. The main products that Montenegro exported to Bosnia and Herzegovina were Electricity ($69.5M), Raw Aluminium ($4.82M), and Wine ($2.64M). Over the past 5 years the exports of Montenegro to Bosnia and Herzegovina have increased at an annualized rate of 12%, from $54.2M in 2017 to $95.5M in 2022.

In 2022, Montenegro did not export any services to Bosnia and Herzegovina.

Bosnia and Herzegovina-Montenegro Trade: In 2022, Bosnia and Herzegovina exported $306M to Montenegro. The main products that Bosnia and Herzegovina exported to Montenegro were Electricity ($101M), Hot-Rolled Iron Bars ($17.8M), and Lead Ore ($16.1M). Over the past 5 years the exports of Bosnia and Herzegovina to Montenegro have increased at an annualized rate of 8.36%,  from $205M in 2017 to $306M in 2022.

In 2022, Bosnia and Herzegovina 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, Bosnia and Herzegovina ranked 39 in the Economic Complexity Index (ECI 0.67), and 102 in total exports ($10.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $95.5M to Bosnia and Herzegovina. The main products exported from Montenegro to Bosnia and Herzegovina were Electricity ($69.5M), Raw Aluminium ($4.82M), and Wine ($2.64M). During the last 5 years the exports of Montenegro to Bosnia and Herzegovina have increased at an annualized rate of 12%, from $54.2M in 2017 to $95.5M in 2022.

In 2017, Bosnia and Herzegovina exported $306M to Montenegro. The main products exported from Bosnia and Herzegovina to Montenegro were Electricity ($101M), Hot-Rolled Iron Bars ($17.8M), and Lead Ore ($16.1M). During the last 5 years the exports of Bosnia and Herzegovina to Montenegro have increased at an annualized rate of 8.36%, from $205M in 2022 to $306M in 2017.

Exports from Montenegro (Flag) to Bosnia and Herzegovina (Flag) (2022)

Exports from Bosnia and Herzegovina (Flag) to Montenegro (Flag) (2022)

Latest Data

Trade between Montenegro (Flag) and Bosnia and Herzegovina (Flag)

Montenegro Exports

Bosnia and Herzegovina Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Bosnia and Herzegovina
Top DestinationCroatia$1.47B

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

In 2022, countries that imported more from Montenegro than Bosnia and Herzegovina included South Korea ($321M), Hong Kong ($22.4M), and Georgia ($19M).

In 2022, countries that imported more from Bosnia and Herzegovina than Montenegro included Croatia ($1.47B), Germany ($1.46B), and Serbia ($1.35B).

Difference in imports from Bosnia and Herzegovina (Flag) and Montenegro (Flag) (2022)

Comparative Advantage Montenegro - Bosnia and Herzegovina

Flow
Scale

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

During 2022, Montenegro had a large net trade with Bosnia and Herzegovina in the exports of Mineral Products ($71.2M), Foodstuffs ($6.97M), and Metals ($6.66M).

During 2017, Bosnia and Herzegovina had a large net trade with Montenegro in the exports of Mineral Products ($121M), Metals ($55.4M), and Animal Products ($29.8M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Bosnia and Herzegovina (Flag) (2022)

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