2023
Flag  
GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP
$15.8BCURRENT US$
Rnk 135 / 195
2013-2023
Flag
GDP GROWTH
45.7%CURRENT US$
Rnk 83 / 195
2023
Flag
GDP PC 
$12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC
$8,624CURRENT US$
Rnk 92 / 196
2013-2023
Flag
GDP PC GROWTH
53.3%CURRENT US$
Rnk 42 / 195

About

Montenegro-North Macedonia Trade: In 2023, Montenegro exported $17.3M to North Macedonia. The main products that Montenegro exported to North Macedonia were Scrap Iron ($4.77M), Sawn Wood ($3.9M), and Fuel Wood ($3.69M). Over the past 5 years the exports of Montenegro to North Macedonia have increased at an annualized rate of 15.4%, from $8.47M in 2018 to $17.3M in 2023.

In 2023, Montenegro did not export any services to North Macedonia.

North Macedonia-Montenegro Trade: In 2023, North Macedonia exported $46.7M to Montenegro. The main products that North Macedonia exported to Montenegro were Packaged Medicaments ($4.12M), Sausages ($3.36M), and Pickled Foods ($1.79M). Over the past 5 years the exports of North Macedonia to Montenegro have increased at an annualized rate of 4.08%,  from $38.3M in 2018 to $46.7M in 2023.

In 2023, North Macedonia did not export any services to Montenegro.

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B). That same year, North Macedonia ranked 104 in total exports ($10.1B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $17.3M to North Macedonia. The main products exported from Montenegro to North Macedonia were Scrap Iron ($4.77M), Sawn Wood ($3.9M), and Fuel Wood ($3.69M). During the last 5 years the exports of Montenegro to North Macedonia have increased at an annualized rate of 15.4%, from $8.47M in 2018 to $17.3M in 2023.

In 2018, North Macedonia exported $46.7M to Montenegro. The main products exported from North Macedonia to Montenegro were Packaged Medicaments ($4.12M), Sausages ($3.36M), and Pickled Foods ($1.79M). During the last 5 years the exports of North Macedonia to Montenegro have increased at an annualized rate of 4.08%, from $38.3M in 2023 to $46.7M in 2018.

Exports from Montenegro (Flag) to North Macedonia (Flag) (2023)

Exports from North Macedonia (Flag) to Montenegro (Flag) (2023)

Latest Data

Trade between Montenegro (Flag) and North Macedonia (Flag)

Montenegro Exports

North Macedonia Exports

Market Competitiveness

Color
Montenegro
Top Destination
Italy$576M
North Macedonia
Top Destination
Germany$4B

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

In 2023, countries that imported more from Montenegro than North Macedonia included Italy ($576M), Hong Kong ($32.5M), and Malaysia ($28.1M).

In 2023, countries that imported more from North Macedonia than Montenegro included Germany ($4B), Serbia ($827M), and Bulgaria ($566M).

Difference in imports from North Macedonia (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - North Macedonia

Flow
Scale

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

During 2023, Montenegro had a large net trade with North Macedonia in the exports of Wood Products ($7.59M), Metals ($4.82M), and Foodstuffs ($1.2M).

During 2018, North Macedonia had a large net trade with Montenegro in the exports of Foodstuffs ($14.8M), Chemical Products ($5.99M), and Metals ($5.56M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and North Macedonia (Flag) (2023)

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