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2023
Flag → Flag
Exports $1.65MRnk 34 / 130
2023
Flag → Flag
Top Product $1.62MOther Iron Products
2023
Flag → Flag
Exports $588kRnk 138 / 177
2023
Flag → Flag
Top Product $121kTropical Fruits
2023
Flag
Economic Complexity (ECI) ECI -0.61Rnk 90 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH33%CURRENT US$
Rnk 108 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC$7,907CURRENT US$
Rnk 97 / 196
2013-2023
Flag
GDP PC GROWTH17.2%CURRENT US$
Rnk 111 / 195

About

Montenegro-Peru Trade: In 2023, Montenegro exported $1.65M to Peru. The main products that Montenegro exported to Peru were Other Iron Products ($1.62M), Valves ($28.5k), and Iron Pipes ($3.95k). Over the past 5 years the exports of Montenegro to Peru have increased at an annualized rate of 98.5%, from $53.7k in 2018 to $1.65M in 2023.

In 2023, Montenegro did not export any services to Peru.

Peru-Montenegro Trade: In 2023, Peru exported $588k to Montenegro. The main products that Peru exported to Montenegro were Tropical Fruits ($121k), Other Vegetables ($113k), and Frozen Fruits and Nuts ($86.5k). Over the past 5 years the exports of Peru to Montenegro have increased at an annualized rate of 16.4%,  from $275k in 2018 to $588k in 2023.

In 2023, Peru 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, Peru ranked 90 in the Economic Complexity Index (ECI -0.61), and 51 in total exports ($66.6B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $1.65M to Peru. The main products exported from Montenegro to Peru were Other Iron Products ($1.62M), Valves ($28.5k), and Iron Pipes ($3.95k). During the last 5 years the exports of Montenegro to Peru have increased at an annualized rate of 98.5%, from $53.7k in 2018 to $1.65M in 2023.

In 2018, Peru exported $588k to Montenegro. The main products exported from Peru to Montenegro were Tropical Fruits ($121k), Other Vegetables ($113k), and Frozen Fruits and Nuts ($86.5k). During the last 5 years the exports of Peru to Montenegro have increased at an annualized rate of 16.4%, from $275k in 2023 to $588k in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Peru (Flag)

Montenegro Exports

Date

Peru Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Peru
Top DestinationChina$22.5B

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

In 2023, countries that imported more from Montenegro than Peru included Serbia ($202M), Slovenia ($77.9M), and Bosnia and Herzegovina ($67.5M).

In 2023, countries that imported more from Peru than Montenegro included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

Comparative Advantage Montenegro - Peru

Flow
Scale

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

During 2023, Montenegro had a large net trade with Peru in the exports of Metals ($1.62M), Machines ($30.2k), and Miscellaneous ($1.19k).

During 2018, Peru had a large net trade with Montenegro in the exports of Vegetable Products ($465k), Foodstuffs ($70.3k), and Textiles ($39.7k).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Peru (Flag) (2023)

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