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2023
Flag → Flag
Exports $95.1kRnk 71 / 130
2023
Flag → Flag
Top Product $63.8kBuses
2023
Flag → Flag
Exports $894kRnk 78 / 130
2023
Flag → Flag
Top Product $421kTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI 0.084Rnk 58 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$405BCURRENT US$
Rnk 36 / 195
2013-2023
Flag
GDP GROWTH-19.1%CURRENT US$
Rnk 189 / 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$4,466CURRENT US$
Rnk 125 / 196
2013-2023
Flag
GDP PC GROWTH-28.2%CURRENT US$
Rnk 186 / 195

About

Montenegro-Iran Trade: In 2023, Montenegro exported $95.1k to Iran. The main products that Montenegro exported to Iran were Buses ($63.8k) and Sawn Wood ($31.3k). Over the past 12 years the exports of Montenegro to Iran have decreased at an annualized rate of 18.5%, from $1.11M in 2011 to $95.1k in 2023.

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

Iran-Montenegro Trade: In 2023, Iran exported $894k to Montenegro. The main products that Iran exported to Montenegro were Tropical Fruits ($421k), Float Glass ($142k), and Other Processed Fruits and Nuts ($74.2k). Over the past 12 years the exports of Iran to Montenegro have increased at an annualized rate of 3.01%,  from $771k in 2011 to $894k in 2023.

In 2023, Iran 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, Iran ranked 58 in the Economic Complexity Index (ECI 0.084), and 92 in total exports ($13.2B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $95.1k to Iran. The main products exported from Montenegro to Iran were Buses ($63.8k) and Sawn Wood ($31.3k). During the last 12 years the exports of Montenegro to Iran have decreased at an annualized rate of 18.5%, from $1.11M in 2011 to $95.1k in 2023.

In 2018, Iran exported $894k to Montenegro. The main products exported from Iran to Montenegro were Tropical Fruits ($421k), Float Glass ($142k), and Other Processed Fruits and Nuts ($74.2k). During the last 5 years the exports of Iran to Montenegro have increased at an annualized rate of 3.01%, from $771k in 2023 to $894k in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Iran (Flag)

Montenegro Exports

Date

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Iran
Top DestinationChina$4.59B

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

In 2023, countries that imported more from Montenegro than Iran included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

In 2023, countries that imported more from Iran than Montenegro included China ($4.59B), Turkey ($2.18B), and India ($1.02B).

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

Comparative Advantage Montenegro - Iran

Flow
Scale

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

During 2023, Montenegro had a large net trade with Iran in the exports of Transportation ($63.8k) and Wood Products ($31.3k).

During 2018, Iran had a large net trade with Montenegro in the exports of Vegetable Products ($575k), Stone And Glass ($226k), and Foodstuffs ($74.7k).

Economic Complexity

Competitive Landscape

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

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

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