2023
Flag  
GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP
$252BCURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP GROWTH
32.1%CURRENT US$
Rnk 110 / 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
$48,281CURRENT US$
Rnk 28 / 196
2013-2023
Flag
GDP PC GROWTH
12.3%CURRENT US$
Rnk 127 / 195

About

Montenegro-New Zealand Trade: In 2023, Montenegro exported $516k to New Zealand. The main products that Montenegro exported to New Zealand were Prepared Cereals ($164k), Frozen Fruits and Nuts ($161k), and Cars ($132k). Over the past 5 years the exports of Montenegro to New Zealand have increased at an annualized rate of 71.3%, from $35k in 2018 to $516k in 2023.

In 2023, Montenegro did not export any services to New Zealand.

New Zealand-Montenegro Trade: In 2023, New Zealand exported $719k to Montenegro. The main products that New Zealand exported to Montenegro were Frozen Bovine Meat ($332k), Molluscs ($136k), and Sheep and Goat Meat ($116k). Over the past 5 years the exports of New Zealand to Montenegro have increased at an annualized rate of 16.8%,  from $330k in 2018 to $719k in 2023.

In 2023, New Zealand 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, New Zealand ranked 43 in the Economic Complexity Index (ECI 0.48), and 61 in total exports ($44.5B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $516k to New Zealand. The main products exported from Montenegro to New Zealand were Prepared Cereals ($164k), Frozen Fruits and Nuts ($161k), and Cars ($132k). During the last 5 years the exports of Montenegro to New Zealand have increased at an annualized rate of 71.3%, from $35k in 2018 to $516k in 2023.

In 2018, New Zealand exported $719k to Montenegro. The main products exported from New Zealand to Montenegro were Frozen Bovine Meat ($332k), Molluscs ($136k), and Sheep and Goat Meat ($116k). During the last 5 years the exports of New Zealand to Montenegro have increased at an annualized rate of 16.8%, from $330k in 2023 to $719k in 2018.

Exports from Montenegro (Flag) to New Zealand (Flag) (2023)

Exports from New Zealand (Flag) to Montenegro (Flag) (2023)

Latest Data

Trade between Montenegro (Flag) and New Zealand (Flag)

Montenegro Exports

New Zealand Exports

Market Competitiveness

Color
Montenegro
Top Destination
Italy$576M
New Zealand
Top Destination
China$12.3B

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

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

In 2023, countries that imported more from New Zealand than Montenegro included China ($12.3B), United States ($5.42B), and Australia ($5.2B).

Difference in imports from New Zealand (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - New Zealand

Flow
Scale

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

During 2023, Montenegro had a large net trade with New Zealand in the exports of Foodstuffs ($164k), Vegetable Products ($161k), and Transportation ($134k).

During 2018, New Zealand had a large net trade with Montenegro in the exports of Animal Products ($596k), Foodstuffs ($72.2k), and Machines ($20.6k).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and New Zealand (Flag) (2023)

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