2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$1.41TCURRENT US$
Rnk 14 / 186
2012-2022
Flag
GDP GROWTH
17.7%CURRENT US$
Rnk 127 / 186
2022
Flag
GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC
$11,091CURRENT US$
Rnk 74 / 186
2012-2022
Flag
GDP PC GROWTH
6.89%CURRENT US$
Rnk 126 / 186

About

Montenegro-Mexico Trade: In 2022, Montenegro exported $94.6k to Mexico. The main products that Montenegro exported to Mexico were Leather Footwear ($14.7k), Non-Knit Women's Suits ($4.14k), and Knit T-shirts ($3.09k). Over the past 5 years the exports of Montenegro to Mexico have decreased at an annualized rate of 17.2%, from $243k in 2017 to $94.6k in 2022.

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

Mexico-Montenegro Trade: In 2022, Mexico exported $3.17M to Montenegro. The main products that Mexico exported to Montenegro were Cars ($790k), Tractors ($508k), and Medical Instruments ($374k). Over the past 5 years the exports of Mexico to Montenegro have increased at an annualized rate of 45.5%,  from $486k in 2017 to $3.17M in 2022.

In 2022, Mexico 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, Mexico ranked 25 in the Economic Complexity Index (ECI 1.08), and 10 in total exports ($549B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $94.6k to Mexico. The main products exported from Montenegro to Mexico were Leather Footwear ($14.7k), Non-Knit Women's Suits ($4.14k), and Knit T-shirts ($3.09k). During the last 5 years the exports of Montenegro to Mexico have decreased at an annualized rate of 17.2%, from $243k in 2017 to $94.6k in 2022.

In 2017, Mexico exported $3.17M to Montenegro. The main products exported from Mexico to Montenegro were Cars ($790k), Tractors ($508k), and Medical Instruments ($374k). During the last 11 years the exports of Mexico to Montenegro have increased at an annualized rate of 45.5%, from $486k in 2006 to $3.17M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Mexico (Flag)

Montenegro Exports

Mexico Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Mexico
Top Destination
United States$421B

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

In 2022, countries that imported more from Montenegro than Mexico included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Albania ($21.9M).

In 2022, countries that imported more from Mexico than Montenegro included United States ($421B), Canada ($22.2B), and China ($12.7B).

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

Comparative Advantage Montenegro - Mexico

Flow
Scale

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

During 2022, Montenegro had a large net trade with Mexico in the exports of Footwear and Headwear ($18.3k), Textiles ($14.7k), and Animal Hides ($969).

During 2017, Mexico had a large net trade with Montenegro in the exports of Transportation ($1.67M), Machines ($675k), and Foodstuffs ($642k).

Economic Complexity

Competitive Landscape

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

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

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