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2022
Flag → Flag
Exports $125MRnk 3 / 123
2022
Flag → Flag
Top Product $82.5MElectricity
2022
Flag → Flag
Exports $378MRnk 86 / 221
2022
Flag → Flag
Top Product $179MElectricity
2022
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Economic Complexity (ECI) ECI 1.24Rnk 18 / 124
2022
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GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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 GDP$2.01TCURRENT US$
Rnk 10 / 186
2012-2022
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GDP GROWTH-3.67%CURRENT US$
Rnk 169 / 186
2022
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GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
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GDP PC$34,158CURRENT US$
Rnk 30 / 186
2012-2022
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GDP PC GROWTH-2.55%CURRENT US$
Rnk 148 / 186

About

Montenegro-Italy In 2022, Montenegro exported $125M to Italy. The main products that Montenegro exported to Italy are Electricity ($82.5M), Raw Aluminium ($18.6M), and Scrap Copper ($2.59M). During the last 16 years the exports of Montenegro to Italy have decreased at an annualized rate of 3.65%, from $226M in 2006 to $125M in 2022.

In 2022, Montenegro did not export any services to Italy.

Italy-Montenegro In 2022, Italy exported $378M to Montenegro. The main products that Italy exported to Montenegro were Electricity ($179M), Recreational Boats ($18.7M), and Other Furniture ($6.74M). During the last 16 years the exports of Italy to Montenegro have increased at an annualized rate of 4.95%, from $175M in 2006 to $378M in 2022.

In 2022, Italy did not export any services to Montenegro.

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Italy ranked 18 in the Economic Complexity Index (ECI 1.24), and 7 in total exports ($634B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $125M to Italy. The main products exported from Montenegro to Italy were Electricity ($82.5M), Raw Aluminium ($18.6M), and Scrap Copper ($2.59M). During the last 16 years the exports of Montenegro to Italy have decreased at an annualized rate of 3.65%, from $226M in 2006 to $125M in 2022.

In 2022, Italy exported $378M to Montenegro. The main products exported from Italy to Montenegro were Electricity ($179M), Recreational Boats ($18.7M), and Other Furniture ($6.74M). During the last 16 years the exports of Italy to Montenegro have increased at an annualized rate of 4.95%, from $175M in 2006 to $378M in 2022.

Exports from Montenegro (Flag) to Italy (Flag) (2022)

Exports from Italy (Flag) to Montenegro (Flag) (2022)

Latest Data

Trade between Montenegro (Flag) and Italy (Flag)

Montenegro Exports

Italy Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Italy
Top DestinationGermany$78.5B

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 2019, no countries were registered that imported more from Montenegro than from Italy.

In 2021, countries that imported more from Italy than Montenegro were Germany ($78.5B), United States ($68.2B), and France ($63.8B).

Difference in imports from Italy (Flag) and Montenegro (Flag) (2022)

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 2022, Montenegro had a large net trade with Italy in the exports of Mineral Products ($83.3M), Metals ($22.6M), and Machines ($6.25M).

During 2022, Italy had a large net trade with Montenegro in the exports of Mineral Products ($183M), Machines ($31.9M), and Transportation ($26M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Montenegro has comparative advantage over Italy. Similarly, the more yellow a dot/product is, the more Italy has comparative advantage over Montenegro.

Product Space of Montenegro (Flag) and Italy (Flag) (2022)

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