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2023
Flag → Flag
Exports $187kRnk 63 / 130
2023
Flag → Flag
Top Product $181kHard Liquor
2023
Flag → Flag
Exports $402kRnk 102 / 158
2023
Flag → Flag
Top Product $322kOther Nuts
2023
Flag
Economic Complexity (ECI) ECI 0.13Rnk 55 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$30.8BCURRENT US$
Rnk 109 / 195
2013-2023
Flag
GDP GROWTH75.7%CURRENT US$
Rnk 33 / 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$8,284CURRENT US$
Rnk 94 / 196
2013-2023
Flag
GDP PC GROWTH75.8%CURRENT US$
Rnk 19 / 195

About

Montenegro-Georgia Trade: In 2023, Montenegro exported $187k to Georgia. The main products that Montenegro exported to Georgia were Hard Liquor ($181k), Percussion ($1.23k), and Interior Decorative Glassware ($1.21k). Over the past 6 years the exports of Montenegro to Georgia have increased at an annualized rate of 51.3%, from $15.6k in 2017 to $187k in 2023.

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

Georgia-Montenegro Trade: In 2023, Georgia exported $402k to Montenegro. The main products that Georgia exported to Montenegro were Other Nuts ($322k), Wine ($18.9k), and Water ($15.3k). Over the past 6 years the exports of Georgia to Montenegro have increased at an annualized rate of 0.9%,  from $381k in 2017 to $402k in 2023.

In 2023, Georgia 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, Georgia ranked 55 in the Economic Complexity Index (ECI 0.13), and 123 in total exports ($6.39B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $187k to Georgia. The main products exported from Montenegro to Georgia were Hard Liquor ($181k), Percussion ($1.23k), and Interior Decorative Glassware ($1.21k). During the last 6 years the exports of Montenegro to Georgia have increased at an annualized rate of 51.3%, from $15.6k in 2017 to $187k in 2023.

In 2018, Georgia exported $402k to Montenegro. The main products exported from Georgia to Montenegro were Other Nuts ($322k), Wine ($18.9k), and Water ($15.3k). During the last 5 years the exports of Georgia to Montenegro have increased at an annualized rate of 0.9%, from $381k in 2023 to $402k in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Georgia (Flag)

Montenegro Exports

Georgia Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Georgia
Top DestinationAzerbaijan$828M

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

In 2023, countries that imported more from Montenegro than Georgia included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

In 2023, countries that imported more from Georgia than Montenegro included Azerbaijan ($828M), Armenia ($712M), and Turkey ($733M).

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

Comparative Advantage Montenegro - Georgia

Flow
Scale

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

During 2023, Montenegro had a large net trade with Georgia in the exports of Foodstuffs ($181k), Instruments ($2.05k), and Textiles ($1.6k).

During 2018, Georgia had a large net trade with Montenegro in the exports of Vegetable Products ($325k), Foodstuffs ($55.5k), and Metals ($8.17k).

Economic Complexity

Competitive Landscape

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

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

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