2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$24.6BCURRENT US$
Rnk 109 / 186
2012-2022
Flag
GDP GROWTH
49.2%CURRENT US$
Rnk 64 / 186
2022
Flag
GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC
$6,628CURRENT US$
Rnk 99 / 186
2012-2022
Flag
GDP PC GROWTH
49.9%CURRENT US$
Rnk 36 / 186

About

Montenegro-Georgia Trade: In 2022, Montenegro exported $2.34k to Georgia. The main products that Montenegro exported to Georgia were Copper Ore ($17.4M), Fireworks ($1.17M), and Aircraft Parts ($290k). Over the past 6 years the exports of Montenegro to Georgia have decreased at an annualized rate of 19.5%, from $8.57k in 2016 to $2.34k in 2022.

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

Georgia-Montenegro Trade: In 2022, Georgia exported $143k to Montenegro. The main products that Georgia exported to Montenegro were Other Nuts ($219k), Wine ($7.61k), and Water ($6.84k). Over the past 6 years the exports of Georgia to Montenegro have increased at an annualized rate of 51.7%,  from $11.7k in 2016 to $143k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $2.34k to Georgia. The main products exported from Montenegro to Georgia were Copper Ore ($17.4M), Fireworks ($1.17M), and Aircraft Parts ($290k). During the last 6 years the exports of Montenegro to Georgia have decreased at an annualized rate of 19.5%, from $8.57k in 2016 to $2.34k in 2022.

In 2017, Georgia exported $143k to Montenegro. The main products exported from Georgia to Montenegro were Other Nuts ($219k), Wine ($7.61k), and Water ($6.84k). During the last 11 years the exports of Georgia to Montenegro have increased at an annualized rate of 51.7%, from $11.7k in 2006 to $143k in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Georgia (Flag)

Montenegro Exports

Georgia Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Georgia
Top Destination
China$759M

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 2022, countries that imported more from Montenegro than Georgia included South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

In 2022, countries that imported more from Georgia than Montenegro included China ($759M), Azerbaijan ($668M), and Russia ($642M).

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

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 2022, Montenegro had a large net trade with Georgia in the exports of Mineral Products ($17.4M), Chemical Products ($1.18M), and Transportation ($290k).

During 2017, Georgia had a large net trade with Montenegro in the exports of Vegetable Products ($220k), Foodstuffs ($18.7k), and Textiles ($14.6k).

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) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with