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2023
Flag → Flag
Exports $971Rnk 119 / 130
2023
Flag → Flag
Top Product $469Knit T-shirts
2023
Flag → Flag
Exports $1.57MRnk 128 / 201
2023
Flag → Flag
Top Product $496kElectric Heaters
2023
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$437BCURRENT US$
Rnk 33 / 195
2013-2023
Flag
GDP GROWTH54%CURRENT US$
Rnk 67 / 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$3,805CURRENT US$
Rnk 133 / 196
2013-2023
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 65 / 195

About

Montenegro-Philippines Trade: In 2023, Montenegro exported $971 to Philippines. The main products that Montenegro exported to Philippines were Knit T-shirts ($469), Non-Knit Active Wear ($257), and Knitted Hats ($227). Over the past 6 years the exports of Montenegro to Philippines have decreased at an annualized rate of 47.3%, from $45.2k in 2017 to $971 in 2023.

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

Philippines-Montenegro Trade: In 2023, Philippines exported $1.57M to Montenegro. The main products that Philippines exported to Montenegro were Electric Heaters ($496k), Office Machine Parts ($337k), and Electrical Transformers ($175k). Over the past 6 years the exports of Philippines to Montenegro have increased at an annualized rate of 11.3%,  from $920k in 2017 to $1.57M in 2023.

In 2023, Philippines 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, Philippines ranked 40 in the Economic Complexity Index (ECI 0.64), and 42 in total exports ($101B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $971 to Philippines. The main products exported from Montenegro to Philippines were Knit T-shirts ($469), Non-Knit Active Wear ($257), and Knitted Hats ($227). During the last 6 years the exports of Montenegro to Philippines have decreased at an annualized rate of 47.3%, from $45.2k in 2017 to $971 in 2023.

In 2018, Philippines exported $1.57M to Montenegro. The main products exported from Philippines to Montenegro were Electric Heaters ($496k), Office Machine Parts ($337k), and Electrical Transformers ($175k). During the last 5 years the exports of Philippines to Montenegro have increased at an annualized rate of 11.3%, from $920k in 2023 to $1.57M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Philippines (Flag)

Montenegro Exports

Philippines Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Philippines
Top DestinationChina$19B

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

In 2023, countries that imported more from Montenegro than Philippines included Italy ($576M), Serbia ($202M), and Bosnia and Herzegovina ($67.5M).

In 2023, countries that imported more from Philippines than Montenegro included China ($19B), United States ($13.3B), and Hong Kong ($11.7B).

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

Comparative Advantage Montenegro - Philippines

Flow
Scale

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

During 2023, Montenegro had a large net trade with Philippines in the exports of Textiles ($726), Footwear and Headwear ($227), and Foodstuffs ($18).

During 2018, Philippines had a large net trade with Montenegro in the exports of Machines ($1.21M), Textiles ($78.6k), and Miscellaneous ($65.7k).

Economic Complexity

Competitive Landscape

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

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

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