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2023
Flag → Flag
Exports $91.1MRnk 3 / 130
2023
Flag → Flag
Top Product $86MRaw Aluminium
2023
Flag → Flag
Exports $81.2MRnk 119 / 220
2023
Flag → Flag
Top Product $32.3MPig Meat
2023
Flag
Economic Complexity (ECI) ECI 0.86Rnk 31 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$1.62TCURRENT US$
Rnk 15 / 195
2013-2023
Flag
GDP GROWTH18.9%CURRENT US$
Rnk 143 / 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$33,509CURRENT US$
Rnk 40 / 196
2013-2023
Flag
GDP PC GROWTH14.7%CURRENT US$
Rnk 119 / 195

About

Montenegro-Spain Trade: In 2023, Montenegro exported $91.1M to Spain. The main products that Montenegro exported to Spain were Raw Aluminium ($86M), Transmissions ($2.39M), and Non-Knit Women's Suits ($1.76M). Over the past 5 years the exports of Montenegro to Spain have increased at an annualized rate of 143%, from $1.08M in 2018 to $91.1M in 2023.

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

Spain-Montenegro Trade: In 2023, Spain exported $81.2M to Montenegro. The main products that Spain exported to Montenegro were Pig Meat ($32.3M), Unglazed Ceramics ($5.74M), and Cars ($5.37M). Over the past 5 years the exports of Spain to Montenegro have increased at an annualized rate of 7.34%,  from $57M in 2018 to $81.2M in 2023.

In 2023, Spain 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, Spain ranked 31 in the Economic Complexity Index (ECI 0.86), and 16 in total exports ($402B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $91.1M to Spain. The main products exported from Montenegro to Spain were Raw Aluminium ($86M), Transmissions ($2.39M), and Non-Knit Women's Suits ($1.76M). During the last 5 years the exports of Montenegro to Spain have increased at an annualized rate of 143%, from $1.08M in 2018 to $91.1M in 2023.

In 2018, Spain exported $81.2M to Montenegro. The main products exported from Spain to Montenegro were Pig Meat ($32.3M), Unglazed Ceramics ($5.74M), and Cars ($5.37M). During the last 5 years the exports of Spain to Montenegro have increased at an annualized rate of 7.34%, from $57M in 2023 to $81.2M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Spain (Flag)

Montenegro Exports

Spain Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Spain
Top DestinationFrance$61.9B

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 2023, no countries were registered that imported more from Montenegro than from Spain.

In 2023, countries that imported more from Spain than Montenegro included France ($61.9B), Germany ($40.2B), and Portugal ($38.1B).

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

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 2023, Montenegro had a large net trade with Spain in the exports of Metals ($86M), Machines ($2.61M), and Textiles ($1.79M).

During 2018, Spain had a large net trade with Montenegro in the exports of Animal Products ($36.7M), Transportation ($7.15M), and Stone And Glass ($6.89M).

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) (2023)

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