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2023
Flag → Flag
Exports $576MRnk 1 / 130
2023
Flag → Flag
Top Product $546MElectricity
2023
Flag → Flag
Exports $288MRnk 95 / 219
2023
Flag → Flag
Top Product $31.8MElectricity
2023
Flag
Economic Complexity (ECI) ECI 1.29Rnk 18 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
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GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
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 GDP$2.3TCURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP GROWTH6.86%CURRENT US$
Rnk 165 / 195
2023
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GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
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GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC$39,003CURRENT US$
Rnk 32 / 196
2013-2023
Flag
GDP PC GROWTH9.11%CURRENT US$
Rnk 136 / 195

About

Montenegro-Italy Trade: In 2023, Montenegro exported $576M to Italy. The main products that Montenegro exported to Italy were Electricity ($546M), Raw Aluminium ($6.93M), and Recreational Boats ($4.07M). Over the past 5 years the exports of Montenegro to Italy have increased at an annualized rate of 91.7%, from $22.3M in 2018 to $576M in 2023.

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

Italy-Montenegro Trade: In 2023, Italy exported $288M to Montenegro. The main products that Italy exported to Montenegro were Electricity ($31.8M), Lifting Machinery ($8.58M), and Recreational Boats ($7.47M). Over the past 5 years the exports of Italy to Montenegro have increased at an annualized rate of 5.14%,  from $224M in 2018 to $288M in 2023.

In 2023, Italy 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, Italy ranked 18 in the Economic Complexity Index (ECI 1.29), and 6 in total exports ($638B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $576M to Italy. The main products exported from Montenegro to Italy were Electricity ($546M), Raw Aluminium ($6.93M), and Recreational Boats ($4.07M). During the last 5 years the exports of Montenegro to Italy have increased at an annualized rate of 91.7%, from $22.3M in 2018 to $576M in 2023.

In 2018, Italy exported $288M to Montenegro. The main products exported from Italy to Montenegro were Electricity ($31.8M), Lifting Machinery ($8.58M), and Recreational Boats ($7.47M). During the last 5 years the exports of Italy to Montenegro have increased at an annualized rate of 5.14%, from $224M in 2023 to $288M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Italy (Flag)

Montenegro Exports

Italy Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Italy
Top DestinationGermany$71.4B

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

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

In 2023, countries that imported more from Italy than Montenegro included Germany ($71.4B), United States ($70.9B), and France ($61.1B).

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

Comparative Advantage Montenegro - Italy

Flow
Scale

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

During 2023, Montenegro had a large net trade with Italy in the exports of Mineral Products ($547M), Metals ($10.6M), and Wood Products ($6.2M).

During 2018, Italy had a large net trade with Montenegro in the exports of Machines ($47.8M), Mineral Products ($37.7M), and Foodstuffs ($33.8M).

Economic Complexity

Competitive Landscape

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

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

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