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2023
Flag → Flag
Exports $727kRnk 41 / 130
2023
Flag → Flag
Top Product $184kWine
2023
Flag → Flag
Exports $4.72MRnk 173 / 215
2023
Flag → Flag
Top Product $809kCars
2023
Flag
Economic Complexity (ECI) ECI 0.9Rnk 30 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$2.14TCURRENT US$
Rnk 10 / 195
2013-2023
Flag
GDP GROWTH16%CURRENT US$
Rnk 150 / 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$53,431CURRENT US$
Rnk 22 / 196
2013-2023
Flag
GDP PC GROWTH1.51%CURRENT US$
Rnk 152 / 195

About

Montenegro-Canada Trade: In 2023, Montenegro exported $727k to Canada. The main products that Montenegro exported to Canada were Wine ($184k), Lifting Machinery ($107k), and Drilling Machines ($75.6k). Over the past 5 years the exports of Montenegro to Canada have decreased at an annualized rate of 25.9%, from $3.26M in 2018 to $727k in 2023.

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

Canada-Montenegro Trade: In 2023, Canada exported $4.72M to Montenegro. The main products that Canada exported to Montenegro were Cars ($809k), Other Edible Preparations ($589k), and Dried Legumes ($511k). Over the past 5 years the exports of Canada to Montenegro have decreased at an annualized rate of 5.97%,  from $6.42M in 2018 to $4.72M in 2023.

In 2023, Canada 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, Canada ranked 30 in the Economic Complexity Index (ECI 0.9), and 10 in total exports ($574B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $727k to Canada. The main products exported from Montenegro to Canada were Wine ($184k), Lifting Machinery ($107k), and Drilling Machines ($75.6k). During the last 5 years the exports of Montenegro to Canada have decreased at an annualized rate of 25.9%, from $3.26M in 2018 to $727k in 2023.

In 2018, Canada exported $4.72M to Montenegro. The main products exported from Canada to Montenegro were Cars ($809k), Other Edible Preparations ($589k), and Dried Legumes ($511k). During the last 5 years the exports of Canada to Montenegro have decreased at an annualized rate of 5.97%, from $6.42M in 2023 to $4.72M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Canada (Flag)

Montenegro Exports

Canada Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Canada
Top DestinationUnited States$410B

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

In 2023, countries that imported more from Montenegro than Canada included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and North Macedonia ($17.3M).

In 2023, countries that imported more from Canada than Montenegro included United States ($410B), China ($31.1B), and United Kingdom ($18B).

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

Comparative Advantage Montenegro - Canada

Flow
Scale

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

During 2023, Montenegro had a large net trade with Canada in the exports of Machines ($441k), Foodstuffs ($190k), and Chemical Products ($36.8k).

During 2018, Canada had a large net trade with Montenegro in the exports of Transportation ($1.11M), Chemical Products ($905k), and Foodstuffs ($772k).

Economic Complexity

Competitive Landscape

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

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

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