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2022
Flag → Flag
Exports $130Rnk 120 / 123
2022
Flag → Flag
Top Product $130Gas and Liquid Flow Measuring Instruments
2022
Flag → Flag
Exports $9.58MRnk 68 / 178
2022
Flag → Flag
Top Product $8.7MBananas
2022
Flag
Economic Complexity (ECI) ECI 0.32Rnk 51 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$68.4BCURRENT US$
Rnk 83 / 186
2012-2022
Flag
GDP GROWTH44.8%CURRENT US$
Rnk 76 / 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$13,199CURRENT US$
Rnk 66 / 186
2012-2022
Flag
GDP PC GROWTH32.4%CURRENT US$
Rnk 60 / 186

About

Montenegro-Costa Rica Trade: In 2022, Montenegro exported $130 to Costa Rica. The main products that Montenegro exported to Costa Rica were Gas and Liquid Flow Measuring Instruments ($130). Over the past 7 years the exports of Montenegro to Costa Rica have decreased at an annualized rate of 20%, from $618 in 2015 to $130 in 2022.

In 2022, Montenegro did not export any services to Costa Rica.

Costa Rica-Montenegro Trade: In 2022, Costa Rica exported $9.58M to Montenegro. The main products that Costa Rica exported to Montenegro were Bananas ($8.7M), Tropical Fruits ($565k), and Medical Instruments ($104k). Over the past 7 years the exports of Costa Rica to Montenegro have increased at an annualized rate of 26.4%,  from $2.97M in 2015 to $9.58M in 2022.

In 2022, Costa Rica 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, Costa Rica ranked 51 in the Economic Complexity Index (ECI 0.32), and 82 in total exports ($17.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $130 to Costa Rica. The main products exported from Montenegro to Costa Rica were Gas and Liquid Flow Measuring Instruments ($130). During the last 7 years the exports of Montenegro to Costa Rica have decreased at an annualized rate of 20%, from $618 in 2015 to $130 in 2022.

In 2017, Costa Rica exported $9.58M to Montenegro. The main products exported from Costa Rica to Montenegro were Bananas ($8.7M), Tropical Fruits ($565k), and Medical Instruments ($104k). During the last 5 years the exports of Costa Rica to Montenegro have increased at an annualized rate of 26.4%, from $2.97M in 2022 to $9.58M in 2017.

Exports from Montenegro (Flag) to Costa Rica (Flag) (2022)

Exports from Costa Rica (Flag) to Montenegro (Flag) (2022)

Latest Data

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

Montenegro Exports

Date

Costa Rica Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Costa Rica
Top DestinationUnited States$6.83B

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 2022, countries that imported more from Montenegro than Costa Rica included South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

In 2022, countries that imported more from Costa Rica than Montenegro included United States ($6.83B), Netherlands ($1.22B), and Guatemala ($821M).

Difference in imports from Costa Rica (Flag) and Montenegro (Flag) (2022)

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 2022, Montenegro had a large net trade with Costa Rica in the exports of Instruments ($130).

During 2017, Costa Rica had a large net trade with Montenegro in the exports of Vegetable Products ($9.28M), Instruments ($109k), and Foodstuffs ($83.6k).

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) (2022)

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