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2023
Flag → Flag
Exports $1.53MRnk 35 / 130
2023
Flag → Flag
Top Product $703kPlanes, Helicopters, and/or Spacecraft
2023
Flag → Flag
Exports $1.13MRnk 105 / 196
2023
Flag → Flag
Top Product $377kPackaged Medicaments
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$33.9BCURRENT US$
Rnk 106 / 195
2013-2023
Flag
GDP GROWTH41.4%CURRENT US$
Rnk 91 / 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$36,551CURRENT US$
Rnk 35 / 196
2013-2023
Flag
GDP PC GROWTH31.5%CURRENT US$
Rnk 76 / 195

About

Montenegro-Cyprus Trade: In 2023, Montenegro exported $1.53M to Cyprus. The main products that Montenegro exported to Cyprus were Planes, Helicopters, and/or Spacecraft ($703k), Hard Liquor ($505k), and Brochures ($230k). Over the past 5 years the exports of Montenegro to Cyprus have increased at an annualized rate of 9.46%, from $973k in 2018 to $1.53M in 2023.

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

Cyprus-Montenegro Trade: In 2023, Cyprus exported $1.13M to Montenegro. The main products that Cyprus exported to Montenegro were Packaged Medicaments ($377k), Explosive Ammunition ($355k), and Light Fixtures ($200k). Over the past 5 years the exports of Cyprus to Montenegro have decreased at an annualized rate of 14.3%,  from $2.45M in 2018 to $1.13M in 2023.

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

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B). That same year, Cyprus ranked 126 in total exports ($5.7B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $1.53M to Cyprus. The main products exported from Montenegro to Cyprus were Planes, Helicopters, and/or Spacecraft ($703k), Hard Liquor ($505k), and Brochures ($230k). During the last 5 years the exports of Montenegro to Cyprus have increased at an annualized rate of 9.46%, from $973k in 2018 to $1.53M in 2023.

In 2018, Cyprus exported $1.13M to Montenegro. The main products exported from Cyprus to Montenegro were Packaged Medicaments ($377k), Explosive Ammunition ($355k), and Light Fixtures ($200k). During the last 5 years the exports of Cyprus to Montenegro have decreased at an annualized rate of 14.3%, from $2.45M in 2023 to $1.13M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Cyprus (Flag)

Montenegro Exports

Cyprus Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Cyprus
Top DestinationLibya$775M

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

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

In 2023, countries that imported more from Cyprus than Montenegro included Libya ($775M), Greece ($626M), and Lebanon ($438M).

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

Comparative Advantage Montenegro - Cyprus

Flow
Scale

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

During 2023, Montenegro had a large net trade with Cyprus in the exports of Transportation ($703k), Foodstuffs ($505k), and Paper Goods ($230k).

During 2018, Cyprus had a large net trade with Montenegro in the exports of Chemical Products ($380k), Weapons ($355k), and Miscellaneous ($236k).

Economic Complexity

Competitive Landscape

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

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

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