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2023
Flag → Flag
Exports $20.2MRnk 17 / 130
2023
Flag → Flag
Top Product $9.65MRaw Aluminium
2023
Flag → Flag
Exports $272MRnk 40 / 214
2023
Flag → Flag
Top Product $218MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.4Rnk 46 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$243BCURRENT US$
Rnk 54 / 195
2013-2023
Flag
GDP GROWTH2.93%CURRENT US$
Rnk 166 / 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$23,401CURRENT US$
Rnk 53 / 196
2013-2023
Flag
GDP PC GROWTH8.47%CURRENT US$
Rnk 139 / 195

About

Montenegro-Greece Trade: In 2023, Montenegro exported $20.2M to Greece. The main products that Montenegro exported to Greece were Raw Aluminium ($9.65M), Aluminium Ore ($7.4M), and Planes, Helicopters, and/or Spacecraft ($1.18M). Over the past 5 years the exports of Montenegro to Greece have increased at an annualized rate of 27.9%, from $5.92M in 2018 to $20.2M in 2023.

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

Greece-Montenegro Trade: In 2023, Greece exported $272M to Montenegro. The main products that Greece exported to Montenegro were Refined Petroleum ($218M), Aluminium Bars ($6.7M), and Citrus ($4.24M). Over the past 5 years the exports of Greece to Montenegro have increased at an annualized rate of 6.91%,  from $194M in 2018 to $272M in 2023.

In 2023, Greece 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, Greece ranked 46 in the Economic Complexity Index (ECI 0.4), and 56 in total exports ($53.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $20.2M to Greece. The main products exported from Montenegro to Greece were Raw Aluminium ($9.65M), Aluminium Ore ($7.4M), and Planes, Helicopters, and/or Spacecraft ($1.18M). During the last 5 years the exports of Montenegro to Greece have increased at an annualized rate of 27.9%, from $5.92M in 2018 to $20.2M in 2023.

In 2018, Greece exported $272M to Montenegro. The main products exported from Greece to Montenegro were Refined Petroleum ($218M), Aluminium Bars ($6.7M), and Citrus ($4.24M). During the last 5 years the exports of Greece to Montenegro have increased at an annualized rate of 6.91%, from $194M in 2023 to $272M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Greece (Flag)

Montenegro Exports

Greece Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Greece
Top DestinationItaly$6.21B

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

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

In 2023, countries that imported more from Greece than Montenegro included Italy ($6.21B), Cyprus ($3.03B), and Germany ($3.06B).

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

Comparative Advantage Montenegro - Greece

Flow
Scale

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

During 2023, Montenegro had a large net trade with Greece in the exports of Metals ($9.68M), Mineral Products ($7.41M), and Transportation ($1.5M).

During 2018, Greece had a large net trade with Montenegro in the exports of Mineral Products ($220M), Metals ($13.6M), and Vegetable Products ($9.04M).

Economic Complexity

Competitive Landscape

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

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

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