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Flag → Flag
Exports $33.2kRnk 134 / 157
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Flag → Flag
Top Product $6.94kCloves
2022
Flag
Economic Complexity (ECI) ECI -1.08Rnk 115 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$15BCURRENT US$
Rnk 131 / 186
2012-2022
Flag
GDP GROWTH29.2%CURRENT US$
Rnk 104 / 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$505CURRENT US$
Rnk 182 / 186
2012-2022
Flag
GDP PC GROWTH0.17%CURRENT US$
Rnk 139 / 186

About

In N/A, Montenegro did not export any services to Madagascar.

Madagascar-Montenegro Trade: In N/A, Madagascar exported $33.2k to Montenegro. The main products that Madagascar exported to Montenegro were Cloves ($6.94k), Non-Knit Women's Shirts ($5.72k), and Bedspreads ($3.89k). Over the past N/A years the exports of Madagascar to Montenegro have decreased at an annualized rate of 9.01%,  from $53.2k in N/A to $33.2k in N/A.

In N/A, Madagascar 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, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B).

Historical Data

Bilateral Trade by Products

Depth
Value

Montenegro does not register exports to Madagascar.

In 2017, Madagascar exported $33.2k to Montenegro. The main products exported from Madagascar to Montenegro were Cloves ($6.94k), Non-Knit Women's Shirts ($5.72k), and Bedspreads ($3.89k). During the last 5 years the exports of Madagascar to Montenegro have decreased at an annualized rate of 9.01%, from $53.2k in 2022 to $33.2k in 2017.

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

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

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Madagascar
Top DestinationUnited States$756M

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

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

In 2022, countries that imported more from Madagascar than Montenegro included United States ($756M), France ($634M), and China ($538M).

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

Comparative Advantage Montenegro - Madagascar

Flow
Scale

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

During 2017, Madagascar had a large net trade with Montenegro in the exports of Textiles ($16.4k), Vegetable Products ($10.8k), and Animal Hides ($2.26k).

Economic Complexity

Competitive Landscape

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

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

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