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2023
Flag → Flag
Exports $230Rnk 127 / 130
2023
Flag → Flag
Exports $2.71MRnk 96 / 172
2023
Flag → Flag
Top Product $1.73MBananas
2023
Flag
Economic Complexity (ECI) ECI 0.34Rnk 48 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$86.5BCURRENT US$
Rnk 71 / 195
2013-2023
Flag
GDP GROWTH69.8%CURRENT US$
Rnk 40 / 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$16,942CURRENT US$
Rnk 69 / 196
2013-2023
Flag
GDP PC GROWTH56.8%CURRENT US$
Rnk 34 / 195

About

Montenegro-Costa Rica Trade: In 2023, Montenegro exported $230 to Costa Rica. The main products that Montenegro exported to Costa Rica were N/A. Over the past 7 years the exports of Montenegro to Costa Rica have increased at an annualized rate of 72.8%, from $5 in 2016 to $230 in 2023.

In 2023, Montenegro did not export any services to Costa Rica.

Costa Rica-Montenegro Trade: In 2023, Costa Rica exported $2.71M to Montenegro. The main products that Costa Rica exported to Montenegro were Bananas ($1.73M), Tropical Fruits ($760k), and Medical Instruments ($75.7k). Over the past 7 years the exports of Costa Rica to Montenegro have increased at an annualized rate of 11.9%,  from $1.55M in 2016 to $2.71M in 2023.

In 2023, Costa Rica 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, Costa Rica ranked 48 in the Economic Complexity Index (ECI 0.34), and 73 in total exports ($23.7B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $230 to Costa Rica. There were not main exports from Montenegro to Costa Rica in 2023. During the last 7 years the exports of Montenegro to Costa Rica have increased at an annualized rate of 72.8%, from $5 in 2016 to $230 in 2023.

In 2018, Costa Rica exported $2.71M to Montenegro. The main products exported from Costa Rica to Montenegro were Bananas ($1.73M), Tropical Fruits ($760k), and Medical Instruments ($75.7k). During the last 5 years the exports of Costa Rica to Montenegro have increased at an annualized rate of 11.9%, from $1.55M in 2023 to $2.71M in 2018.

Exports from Montenegro (Flag) to Costa Rica (Flag) (2023)

Exports from Costa Rica (Flag) to Montenegro (Flag) (2023)

Latest Data

Trade between Montenegro (Flag) and Costa Rica (Flag)

Montenegro Exports

Date

Costa Rica Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Costa Rica
Top DestinationUnited States$9.5B

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

In 2023, countries that imported more from Montenegro than Costa Rica included Italy ($576M), Serbia ($202M), and Bosnia and Herzegovina ($67.5M).

In 2023, countries that imported more from Costa Rica than Montenegro included United States ($9.5B), Netherlands ($1.52B), and China ($1.17B).

Difference in imports from Costa Rica (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - Costa Rica

Flow
Scale

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

During 2023, Montenegro had a large net trade with Costa Rica in the exports of N/A.

During 2018, Costa Rica had a large net trade with Montenegro in the exports of Vegetable Products ($2.55M), Instruments ($77.3k), and Machines ($41k).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Costa Rica (Flag) (2023)

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