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2023
Flag → Flag
Exports $59.9kRnk 81 / 130
2023
Flag → Flag
Top Product $17.8kInsulated Wire
2023
Flag → Flag
Exports $12.8MRnk 121 / 211
2023
Flag → Flag
Top Product $4.56MPackaged Medicaments
2023
Flag
Economic Complexity (ECI) ECI 1.31Rnk 17 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$551BCURRENT US$
Rnk 25 / 195
2013-2023
Flag
GDP GROWTH127%CURRENT US$
Rnk 7 / 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$103,888CURRENT US$
Rnk 4 / 196
2013-2023
Flag
GDP PC GROWTH97.4%CURRENT US$
Rnk 9 / 195

About

Montenegro-Ireland Trade: In 2023, Montenegro exported $59.9k to Ireland. The main products that Montenegro exported to Ireland were Insulated Wire ($17.8k), Motor vehicles; parts and accessories (8701 to 8705) ($11.5k), and Knit T-shirts ($4.05k). Over the past 5 years the exports of Montenegro to Ireland have increased at an annualized rate of 26.4%, from $18.6k in 2018 to $59.9k in 2023.

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

Ireland-Montenegro Trade: In 2023, Ireland exported $12.8M to Montenegro. The main products that Ireland exported to Montenegro were Packaged Medicaments ($4.56M), Malt Extract ($1.54M), and Other Plastic Products ($1.12M). Over the past 5 years the exports of Ireland to Montenegro have increased at an annualized rate of 18.2%,  from $5.55M in 2018 to $12.8M in 2023.

In 2023, Ireland 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, Ireland ranked 17 in the Economic Complexity Index (ECI 1.31), and 29 in total exports ($241B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $59.9k to Ireland. The main products exported from Montenegro to Ireland were Insulated Wire ($17.8k), Motor vehicles; parts and accessories (8701 to 8705) ($11.5k), and Knit T-shirts ($4.05k). During the last 5 years the exports of Montenegro to Ireland have increased at an annualized rate of 26.4%, from $18.6k in 2018 to $59.9k in 2023.

In 2018, Ireland exported $12.8M to Montenegro. The main products exported from Ireland to Montenegro were Packaged Medicaments ($4.56M), Malt Extract ($1.54M), and Other Plastic Products ($1.12M). During the last 5 years the exports of Ireland to Montenegro have increased at an annualized rate of 18.2%, from $5.55M in 2023 to $12.8M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Ireland (Flag)

Montenegro Exports

Ireland Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Ireland
Top DestinationUnited States$67.4B

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

In 2023, countries that imported more from Montenegro than Ireland included Bosnia and Herzegovina ($67.5M) and Serbia ($202M).

In 2023, countries that imported more from Ireland than Montenegro included United States ($67.4B), Germany ($26.7B), and United Kingdom ($20.5B).

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

Comparative Advantage Montenegro - Ireland

Flow
Scale

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

During 2023, Montenegro had a large net trade with Ireland in the exports of Machines ($28.9k), Transportation ($11.5k), and Textiles ($7.69k).

During 2018, Ireland had a large net trade with Montenegro in the exports of Chemical Products ($6.21M), Foodstuffs ($2.85M), and Plastics and Rubbers ($1.24M).

Economic Complexity

Competitive Landscape

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

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

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