2023
Flag  
GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP
$2.05BCURRENT US$
Rnk 177 / 195
2013-2023
Flag
GDP GROWTH
84.6%CURRENT US$
Rnk 25 / 195
2023
Flag
GDP PC 
$12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC
$951CURRENT US$
Rnk 179 / 196
2013-2023
Flag
GDP PC GROWTH
45.4%CURRENT US$
Rnk 52 / 195

About

In N/A, Montenegro did not export any services to Guinea-Bissau.

Guinea-Bissau-Montenegro Trade: In N/A, Guinea-Bissau exported $1.24k to Montenegro. The main products that Guinea-Bissau exported to Montenegro were Nutmeg, mace and cardamons ($1.05k), Rubber Tires ($133), and Rubber Belting ($52). Over the past N/A years the exports of Guinea-Bissau to Montenegro have increased at an annualized rate of 11.6%,  from $638 in N/A to $1.24k in N/A.

In N/A, Guinea-Bissau did not export any services to Montenegro.

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B). That same year, Guinea-Bissau ranked 194 in total exports ($109M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

Montenegro does not register exports to Guinea-Bissau.

In 2018, Guinea-Bissau exported $1.24k to Montenegro. The main products exported from Guinea-Bissau to Montenegro were Nutmeg, mace and cardamons ($1.05k), Rubber Tires ($133), and Rubber Belting ($52). During the last 5 years the exports of Guinea-Bissau to Montenegro have increased at an annualized rate of 11.6%, from $638 in 2023 to $1.24k in 2018.

Exports from Montenegro (Flag) to Guinea-Bissau (Flag) (2023)

Exports from Guinea-Bissau (Flag) to Montenegro (Flag) (2023)

Market Competitiveness

Color
Montenegro
Top Destination
Italy$576M
Guinea-Bissau
Top Destination
India$72.3M

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

In 2023, countries that imported more from Montenegro than Guinea-Bissau included Italy ($576M), Serbia ($202M), and Spain ($91.1M).

In 2023, countries that imported more from Guinea-Bissau than Montenegro included India ($72.3M), Chile ($10M), and Cote d'Ivoire ($5.88M).

Difference in imports from Guinea-Bissau (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - Guinea-Bissau

Flow
Scale

This chart compares trade between Montenegro and Guinea-Bissau by product, considering products traded by both, Montenegro and Guinea-Bissau.

During 2018, Guinea-Bissau had a large net trade with Montenegro in the exports of Vegetable Products ($1.05k), Plastics and Rubbers ($185), and Transportation ($4).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Guinea-Bissau (Flag) (2023)

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with