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2022
Flag → Flag
Exports $5.49MRnk 27 / 123
2022
Flag → Flag
Top Product $3.33MElectrical Lighting and Signalling Equipment
2022
Flag → Flag
Exports $6.89MRnk 161 / 215
2022
Flag → Flag
Top Product $1.6MComputers
2022
Flag
Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
Flag
GDP GROWTH17%CURRENT US$
Rnk 129 / 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$54,966CURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186

About

Montenegro-Canada Trade: In 2022, Montenegro exported $5.49M to Canada. The main products that Montenegro exported to Canada were Electrical Lighting and Signalling Equipment ($3.33M), Electric Motors ($1.25M), and Wine ($176k). Over the past 5 years the exports of Montenegro to Canada have increased at an annualized rate of 16.5%, from $2.55M in 2017 to $5.49M in 2022.

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

Canada-Montenegro Trade: In 2022, Canada exported $6.89M to Montenegro. The main products that Canada exported to Montenegro were Computers ($1.6M), Office Machine Parts ($1.53M), and Cars ($756k). Over the past 5 years the exports of Canada to Montenegro have increased at an annualized rate of 8.3%,  from $4.62M in 2017 to $6.89M in 2022.

In 2022, Canada 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, Canada ranked 31 in the Economic Complexity Index (ECI 0.92), and 9 in total exports ($587B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $5.49M to Canada. The main products exported from Montenegro to Canada were Electrical Lighting and Signalling Equipment ($3.33M), Electric Motors ($1.25M), and Wine ($176k). During the last 5 years the exports of Montenegro to Canada have increased at an annualized rate of 16.5%, from $2.55M in 2017 to $5.49M in 2022.

In 2017, Canada exported $6.89M to Montenegro. The main products exported from Canada to Montenegro were Computers ($1.6M), Office Machine Parts ($1.53M), and Cars ($756k). During the last 5 years the exports of Canada to Montenegro have increased at an annualized rate of 8.3%, from $4.62M in 2022 to $6.89M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Canada (Flag)

Montenegro Exports

Canada Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Canada
Top DestinationUnited States$438B

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 2022, countries that imported more from Montenegro than Canada included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and North Macedonia ($8.7M).

In 2022, countries that imported more from Canada than Montenegro included United States ($438B), China ($25.4B), and Japan ($14.3B).

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

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 2022, Montenegro had a large net trade with Canada in the exports of Machines ($5.04M), Foodstuffs ($187k), and Paper Goods ($129k).

During 2017, Canada had a large net trade with Montenegro in the exports of Machines ($3.38M), Transportation ($926k), and Animal Products ($723k).

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) (2022)

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