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2022
Flag → Flag
Exports $33.5MRnk 10 / 123
2022
Flag → Flag
Top Product $27.7MRaw Aluminium
2022
Flag → Flag
Exports $49.3MRnk 128 / 218
2022
Flag → Flag
Top Product $8.88MPig Meat
2022
Flag
Economic Complexity (ECI) ECI 0.81Rnk 33 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$1.4TCURRENT US$
Rnk 15 / 186
2012-2022
Flag
GDP GROWTH5.49%CURRENT US$
Rnk 154 / 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$29,350CURRENT US$
Rnk 40 / 186
2012-2022
Flag
GDP PC GROWTH3.63%CURRENT US$
Rnk 132 / 186

About

Montenegro-Spain Trade: In 2022, Montenegro exported $33.5M to Spain. The main products that Montenegro exported to Spain were Raw Aluminium ($27.7M), Transmissions ($3.14M), and Iron Powder ($672k). Over the past 5 years the exports of Montenegro to Spain have increased at an annualized rate of 159%, from $288k in 2017 to $33.5M in 2022.

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

Spain-Montenegro Trade: In 2022, Spain exported $49.3M to Montenegro. The main products that Spain exported to Montenegro were Pig Meat ($8.88M), Unglazed Ceramics ($5.28M), and Non-Knit Women's Suits ($2.2M). Over the past 5 years the exports of Spain to Montenegro have increased at an annualized rate of 0.11%,  from $49M in 2017 to $49.3M in 2022.

In 2022, Spain 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, Spain ranked 33 in the Economic Complexity Index (ECI 0.81), and 20 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $33.5M to Spain. The main products exported from Montenegro to Spain were Raw Aluminium ($27.7M), Transmissions ($3.14M), and Iron Powder ($672k). During the last 5 years the exports of Montenegro to Spain have increased at an annualized rate of 159%, from $288k in 2017 to $33.5M in 2022.

In 2017, Spain exported $49.3M to Montenegro. The main products exported from Spain to Montenegro were Pig Meat ($8.88M), Unglazed Ceramics ($5.28M), and Non-Knit Women's Suits ($2.2M). During the last 5 years the exports of Spain to Montenegro have increased at an annualized rate of 0.11%, from $49M in 2022 to $49.3M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Spain (Flag)

Montenegro Exports

Spain Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Spain
Top DestinationFrance$65.2B

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

In 2022, no countries were registered that imported more from Montenegro than from Spain.

In 2022, countries that imported more from Spain than Montenegro included France ($65.2B), Germany ($39.2B), and Portugal ($34.9B).

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

Comparative Advantage Montenegro - Spain

Flow
Scale

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

During 2022, Montenegro had a large net trade with Spain in the exports of Metals ($28.4M), Machines ($3.33M), and Mineral Products ($839k).

During 2017, Spain had a large net trade with Montenegro in the exports of Animal Products ($11.7M), Textiles ($6.94M), and Stone And Glass ($6.06M).

Economic Complexity

Competitive Landscape

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

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

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