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Pricing

2023
Flag → Flag
Exports $35.5kRnk 87 / 130
2023
Flag → Flag
Top Product $32.6kLiquid Fuel Furnaces
2023
Flag → Flag
Exports $8.83MRnk 88 / 174
2023
Flag → Flag
Top Product $7.59MBananas
2023
Flag
Economic Complexity (ECI) ECI -0.85Rnk 104 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$119BCURRENT US$
Rnk 63 / 195
2013-2023
Flag
GDP GROWTH23.1%CURRENT US$
Rnk 131 / 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$6,610CURRENT US$
Rnk 109 / 196
2013-2023
Flag
GDP PC GROWTH8.19%CURRENT US$
Rnk 141 / 195

About

Montenegro-Ecuador Trade: In 2023, Montenegro exported $35.5k to Ecuador. The main products that Montenegro exported to Ecuador were Liquid Fuel Furnaces ($32.6k), Electric Motors ($1.21k), and Transmissions ($719). Over the past 5 years the exports of Montenegro to Ecuador have increased at an annualized rate of 28%, from $10.3k in 2018 to $35.5k in 2023.

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

Ecuador-Montenegro Trade: In 2023, Ecuador exported $8.83M to Montenegro. The main products that Ecuador exported to Montenegro were Bananas ($7.59M), Crustaceans ($1.09M), and Cut Flowers ($110k). Over the past 5 years the exports of Ecuador to Montenegro have increased at an annualized rate of 7.03%,  from $6.29M in 2018 to $8.83M in 2023.

In 2023, Ecuador 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, Ecuador ranked 104 in the Economic Complexity Index (ECI -0.85), and 65 in total exports ($37.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $35.5k to Ecuador. The main products exported from Montenegro to Ecuador were Liquid Fuel Furnaces ($32.6k), Electric Motors ($1.21k), and Transmissions ($719). During the last 5 years the exports of Montenegro to Ecuador have increased at an annualized rate of 28%, from $10.3k in 2018 to $35.5k in 2023.

In 2018, Ecuador exported $8.83M to Montenegro. The main products exported from Ecuador to Montenegro were Bananas ($7.59M), Crustaceans ($1.09M), and Cut Flowers ($110k). During the last 5 years the exports of Ecuador to Montenegro have increased at an annualized rate of 7.03%, from $6.29M in 2023 to $8.83M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Ecuador (Flag)

Montenegro Exports

Date

Ecuador Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Ecuador
Top DestinationUnited States$8.34B

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

In 2023, countries that imported more from Montenegro than Ecuador included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Luxembourg ($30.4M).

In 2023, countries that imported more from Ecuador than Montenegro included United States ($8.34B), China ($7.96B), and Panama ($4.38B).

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

Comparative Advantage Montenegro - Ecuador

Flow
Scale

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

During 2023, Montenegro had a large net trade with Ecuador in the exports of Machines ($35.2k), Footwear and Headwear ($273), and Transportation ($58).

During 2018, Ecuador had a large net trade with Montenegro in the exports of Vegetable Products ($7.71M), Animal Products ($1.09M), and Foodstuffs ($23k).

Economic Complexity

Competitive Landscape

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

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

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