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Flag → Flag
Top Product $6.49kTrailers and semi-trailers, not mechanically propelled vehicles
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Flag → Flag
Exports $83kRnk 128 / 156
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Flag → Flag
Top Product $21.3kBroadcasting Equipment
2023
Flag
Economic Complexity (ECI) ECI -1.15Rnk 117 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$15.8BCURRENT US$
Rnk 134 / 195
2013-2023
Flag
GDP GROWTH27.1%CURRENT US$
Rnk 120 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
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GDP PC$506CURRENT US$
Rnk 192 / 196
2013-2023
Flag
GDP PC GROWTH-1.77%CURRENT US$
Rnk 155 / 195

About

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

Madagascar-Montenegro Trade: In N/A, Madagascar exported $83k to Montenegro. The main products that Madagascar exported to Montenegro were Broadcasting Equipment ($21.3k), Basketwork ($11.6k), and Non-Knit Women's Suits ($10k). Over the past N/A years the exports of Madagascar to Montenegro have increased at an annualized rate of 27%,  from $19.8k in N/A to $83k in N/A.

In N/A, Madagascar 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, Madagascar ranked 117 in the Economic Complexity Index (ECI -1.15), and 133 in total exports ($4.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

Montenegro does not register exports to Madagascar. The main products exported from Montenegro to Madagascar were Trailers and semi-trailers, not mechanically propelled vehicles ($6.49k) and Tractors ($2.16k).

In 2018, Madagascar exported $83k to Montenegro. The main products exported from Madagascar to Montenegro were Broadcasting Equipment ($21.3k), Basketwork ($11.6k), and Non-Knit Women's Suits ($10k). During the last 5 years the exports of Madagascar to Montenegro have increased at an annualized rate of 27%, from $19.8k in 2023 to $83k in 2018.

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

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

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Madagascar
Top DestinationUnited States$669M

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 2023, countries that imported more from Montenegro than Madagascar included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

In 2023, countries that imported more from Madagascar than Montenegro included United States ($669M), France ($641M), and Japan ($345M).

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

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 2018, Madagascar had a large net trade with Montenegro in the exports of Machines ($21.3k), Textiles ($20.6k), and Vegetable Products ($12.7k).

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) (2023)

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