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2022
Flag → Flag
Exports $38.7MRnk 8 / 123
2022
Flag → Flag
Top Product $36.9MRaw Aluminium
2022
Flag → Flag
Exports $1.49MRnk 124 / 196
2022
Flag → Flag
Top Product $556kRubber Tires
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$82.3BCURRENT US$
Rnk 71 / 186
2012-2022
Flag
GDP GROWTH37.6%CURRENT US$
Rnk 87 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
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GDP PC$126,426CURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 108 / 186

About

Montenegro-Luxembourg Trade: In 2022, Montenegro exported $38.7M to Luxembourg. The main products that Montenegro exported to Luxembourg were Raw Aluminium ($36.9M), Lead Ore ($1.34M), and Plastic Building Materials ($312k). Over the past 5 years the exports of Montenegro to Luxembourg have increased at an annualized rate of 239%, from $86.6k in 2017 to $38.7M in 2022.

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

Luxembourg-Montenegro Trade: In 2022, Luxembourg exported $1.49M to Montenegro. The main products that Luxembourg exported to Montenegro were Rubber Tires ($556k), Cellulose Fibers Paper ($138k), and Chocolate ($105k). Over the past 5 years the exports of Luxembourg to Montenegro have increased at an annualized rate of 1.16%,  from $1.41M in 2017 to $1.49M in 2022.

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

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B). That same year, Luxembourg ranked 78 in total exports ($20.5B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $38.7M to Luxembourg. The main products exported from Montenegro to Luxembourg were Raw Aluminium ($36.9M), Lead Ore ($1.34M), and Plastic Building Materials ($312k). During the last 5 years the exports of Montenegro to Luxembourg have increased at an annualized rate of 239%, from $86.6k in 2017 to $38.7M in 2022.

In 2017, Luxembourg exported $1.49M to Montenegro. The main products exported from Luxembourg to Montenegro were Rubber Tires ($556k), Cellulose Fibers Paper ($138k), and Chocolate ($105k). During the last 5 years the exports of Luxembourg to Montenegro have increased at an annualized rate of 1.16%, from $1.41M in 2022 to $1.49M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Luxembourg (Flag)

Montenegro Exports

Luxembourg Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Luxembourg
Top DestinationGermany$4.15B

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

In 2022, countries that imported more from Montenegro than Luxembourg included South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

In 2022, countries that imported more from Luxembourg than Montenegro included Germany ($4.15B), France ($3.07B), and Belgium ($2.09B).

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

Comparative Advantage Montenegro - Luxembourg

Flow
Scale

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

During 2022, Montenegro had a large net trade with Luxembourg in the exports of Metals ($36.9M), Mineral Products ($1.34M), and Plastics and Rubbers ($312k).

During 2017, Luxembourg had a large net trade with Montenegro in the exports of Plastics and Rubbers ($713k), Foodstuffs ($186k), and Machines ($143k).

Economic Complexity

Competitive Landscape

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

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

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