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2023
Flag → Flag
Exports $30.4MRnk 11 / 130
2023
Flag → Flag
Top Product $25.2MRaw Aluminium
2023
Flag → Flag
Exports $1.47MRnk 118 / 191
2023
Flag → Flag
Top Product $438kRubber Tires
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$85.8BCURRENT US$
Rnk 72 / 195
2013-2023
Flag
GDP GROWTH31.5%CURRENT US$
Rnk 111 / 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$128,678CURRENT US$
Rnk 2 / 196
2013-2023
Flag
GDP PC GROWTH7.23%CURRENT US$
Rnk 143 / 195

About

Montenegro-Luxembourg Trade: In 2023, Montenegro exported $30.4M to Luxembourg. The main products that Montenegro exported to Luxembourg were Raw Aluminium ($25.2M), Lead Ore ($4.27M), and Zinc Ore ($623k). Over the past 5 years the exports of Montenegro to Luxembourg have increased at an annualized rate of 243%, from $63.6k in 2018 to $30.4M in 2023.

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

Luxembourg-Montenegro Trade: In 2023, Luxembourg exported $1.47M to Montenegro. The main products that Luxembourg exported to Montenegro were Rubber Tires ($438k), Delivery Trucks ($193k), and Beauty Products ($146k). Over the past 5 years the exports of Luxembourg to Montenegro have increased at an annualized rate of 5.13%,  from $848k in 2018 to $1.47M in 2023.

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

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B). That same year, Luxembourg ranked 82 in total exports ($18.9B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $30.4M to Luxembourg. The main products exported from Montenegro to Luxembourg were Raw Aluminium ($25.2M), Lead Ore ($4.27M), and Zinc Ore ($623k). During the last 5 years the exports of Montenegro to Luxembourg have increased at an annualized rate of 243%, from $63.6k in 2018 to $30.4M in 2023.

In 2018, Luxembourg exported $1.47M to Montenegro. The main products exported from Luxembourg to Montenegro were Rubber Tires ($438k), Delivery Trucks ($193k), and Beauty Products ($146k). During the last 5 years the exports of Luxembourg to Montenegro have increased at an annualized rate of 5.13%, from $848k in 2023 to $1.47M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Luxembourg (Flag)

Montenegro Exports

Luxembourg Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Luxembourg
Top DestinationGermany$3.42B

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 2023, countries that imported more from Montenegro than Luxembourg included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Albania ($25.3M).

In 2023, countries that imported more from Luxembourg than Montenegro included Germany ($3.42B), France ($2.8B), and Belgium ($1.59B).

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

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 2023, Montenegro had a large net trade with Luxembourg in the exports of Metals ($25.2M), Mineral Products ($4.89M), and Plastics and Rubbers ($104k).

During 2018, Luxembourg had a large net trade with Montenegro in the exports of Plastics and Rubbers ($504k), Transportation ($259k), and Chemical Products ($168k).

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) (2023)

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