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2022
Flag → Flag
Exports $371Rnk 115 / 123
2022
Flag → Flag
Top Product $371Waterproof Footwear
2022
Flag → Flag
Exports $757kRnk 140 / 187
2022
Flag → Flag
Top Product $269kCut Flowers
2022
Flag
Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Montenegro-Colombia Trade: In 2022, Montenegro exported $371 to Colombia. The main products that Montenegro exported to Colombia were Waterproof Footwear ($371). Over the past 5 years the exports of Montenegro to Colombia have decreased at an annualized rate of 12.2%, from $712 in 2017 to $371 in 2022.

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

Colombia-Montenegro Trade: In 2022, Colombia exported $757k to Montenegro. The main products that Colombia exported to Montenegro were Cut Flowers ($269k), Bananas ($237k), and Raw Sugar ($140k). Over the past 5 years the exports of Colombia to Montenegro have increased at an annualized rate of 9.89%,  from $472k in 2017 to $757k in 2022.

In 2022, Colombia 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, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $371 to Colombia. The main products exported from Montenegro to Colombia were Waterproof Footwear ($371). During the last 5 years the exports of Montenegro to Colombia have decreased at an annualized rate of 12.2%, from $712 in 2017 to $371 in 2022.

In 2017, Colombia exported $757k to Montenegro. The main products exported from Colombia to Montenegro were Cut Flowers ($269k), Bananas ($237k), and Raw Sugar ($140k). During the last 5 years the exports of Colombia to Montenegro have increased at an annualized rate of 9.89%, from $472k in 2022 to $757k in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Colombia (Flag)

Montenegro Exports

Colombia Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Colombia
Top DestinationUnited States$15.6B

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

In 2022, countries that imported more from Montenegro than Colombia included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Luxembourg ($38.7M).

In 2022, countries that imported more from Colombia than Montenegro included United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Montenegro - Colombia

Flow
Scale

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

During 2022, Montenegro had a large net trade with Colombia in the exports of Footwear and Headwear ($371).

During 2017, Colombia had a large net trade with Montenegro in the exports of Vegetable Products ($586k), Foodstuffs ($147k), and Textiles ($15k).

Economic Complexity

Competitive Landscape

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

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

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