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Pricing

2022
Flag → Flag
Exports $1.46kRnk 106 / 123
2022
Flag → Flag
Top Product $802Centrifuges
2022
Flag → Flag
Exports $43.5kRnk 114 / 146
2022
Flag → Flag
Top Product $40kCoconuts, Brazil Nuts, and Cashews
2022
Flag
Economic Complexity (ECI) ECI -0.85Rnk 106 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$43.1BCURRENT US$
Rnk 95 / 186
2012-2022
Flag
GDP GROWTH59%CURRENT US$
Rnk 41 / 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$3,523CURRENT US$
Rnk 128 / 186
2012-2022
Flag
GDP PC GROWTH37.5%CURRENT US$
Rnk 52 / 186

About

Montenegro-Bolivia Trade: In 2022, Montenegro exported $1.46k to Bolivia. The main products that Montenegro exported to Bolivia were Centrifuges ($802), Transmissions ($381), and Excavation Machinery ($250). Over the past 5 years the exports of Montenegro to Bolivia have decreased at an annualized rate of 35.6%, from $13.2k in 2017 to $1.46k in 2022.

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

Bolivia-Montenegro Trade: In 2022, Bolivia exported $43.5k to Montenegro. The main products that Bolivia exported to Montenegro were Coconuts, Brazil Nuts, and Cashews ($40k), Cinnamon ($1.92k), and Other Oily Seeds ($1.46k). Over the past 5 years the exports of Bolivia to Montenegro have increased at an annualized rate of 1.58%,  from $40.2k in 2017 to $43.5k in 2022.

In 2022, Bolivia 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, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $1.46k to Bolivia. The main products exported from Montenegro to Bolivia were Centrifuges ($802), Transmissions ($381), and Excavation Machinery ($250). During the last 5 years the exports of Montenegro to Bolivia have decreased at an annualized rate of 35.6%, from $13.2k in 2017 to $1.46k in 2022.

In 2017, Bolivia exported $43.5k to Montenegro. The main products exported from Bolivia to Montenegro were Coconuts, Brazil Nuts, and Cashews ($40k), Cinnamon ($1.92k), and Other Oily Seeds ($1.46k). During the last 5 years the exports of Bolivia to Montenegro have increased at an annualized rate of 1.58%, from $40.2k in 2022 to $43.5k in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Bolivia (Flag)

Bolivia Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Bolivia
Top DestinationIndia$2.27B

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

In 2022, countries that imported more from Montenegro than Bolivia included Serbia ($159M), Switzerland ($116M), and Bosnia and Herzegovina ($95.5M).

In 2022, countries that imported more from Bolivia than Montenegro included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

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

Comparative Advantage Montenegro - Bolivia

Flow
Scale

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

During 2022, Montenegro had a large net trade with Bolivia in the exports of Machines ($1.43k), Stone And Glass ($25), and Transportation ($6).

During 2017, Bolivia had a large net trade with Montenegro in the exports of Vegetable Products ($43.3k) and Foodstuffs ($112).

Economic Complexity

Competitive Landscape

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

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

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