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2023
Flag → Flag
Exports $10.2MRnk 21 / 130
2023
Flag → Flag
Top Product $1.89MOrthopedic Appliances
2023
Flag → Flag
Exports $289MRnk 19 / 191
2023
Flag → Flag
Top Product $99.1MRefined Petroleum
2023
Flag
Economic Complexity (ECI) ECI 0.76Rnk 34 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP GROWTH41%CURRENT US$
Rnk 92 / 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$21,865CURRENT US$
Rnk 60 / 196
2013-2023
Flag
GDP PC GROWTH54.7%CURRENT US$
Rnk 41 / 195

About

Montenegro-Croatia Trade: In 2023, Montenegro exported $10.2M to Croatia. The main products that Montenegro exported to Croatia were Orthopedic Appliances ($1.89M), Fuel Wood ($786k), and Large Construction Vehicles ($768k). Over the past 5 years the exports of Montenegro to Croatia have increased at an annualized rate of 5.53%, from $7.83M in 2018 to $10.2M in 2023.

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

Croatia-Montenegro Trade: In 2023, Croatia exported $289M to Montenegro. The main products that Croatia exported to Montenegro were Refined Petroleum ($99.1M), Cement ($20.3M), and Bovine ($15.9M). Over the past 5 years the exports of Croatia to Montenegro have increased at an annualized rate of 7.7%,  from $200M in 2018 to $289M in 2023.

In 2009, Croatia exported services to Montenegro worth $42.3M, with Travel ($42.3M) being the largest in terms of value.

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.76), and 75 in total exports ($22.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $10.2M to Croatia. The main products exported from Montenegro to Croatia were Orthopedic Appliances ($1.89M), Fuel Wood ($786k), and Large Construction Vehicles ($768k). During the last 5 years the exports of Montenegro to Croatia have increased at an annualized rate of 5.53%, from $7.83M in 2018 to $10.2M in 2023.

In 2018, Croatia exported $289M to Montenegro. The main products exported from Croatia to Montenegro were Refined Petroleum ($99.1M), Cement ($20.3M), and Bovine ($15.9M). During the last 5 years the exports of Croatia to Montenegro have increased at an annualized rate of 7.7%, from $200M in 2023 to $289M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Croatia (Flag)

Montenegro Exports

Croatia Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Croatia
Top DestinationItaly$3.05B

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

In 2023, countries that imported more from Montenegro than Croatia included Luxembourg ($30.4M), Hong Kong ($32.5M), and Burundi ($56.2k).

In 2023, countries that imported more from Croatia than Montenegro included Germany ($2.58B), Italy ($3.05B), and Slovenia ($2.45B).

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

Comparative Advantage Montenegro - Croatia

Flow
Scale

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

During 2023, Montenegro had a large net trade with Croatia in the exports of Instruments ($2.53M), Machines ($1.88M), and Foodstuffs ($1.2M).

During 2018, Croatia had a large net trade with Montenegro in the exports of Mineral Products ($122M), Foodstuffs ($37.3M), and Animal Products ($32.5M).

Economic Complexity

Competitive Landscape

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

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

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