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2023
Flag → Flag
Exports $206kRnk 61 / 130
2023
Flag → Flag
Top Product $59.6kElectrical Control Boards
2023
Flag → Flag
Exports $7.97MRnk 131 / 211
2023
Flag → Flag
Top Product $882kOther Edible Preparations
2023
Flag
Economic Complexity (ECI) ECI 0.57Rnk 42 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$289BCURRENT US$
Rnk 48 / 195
2013-2023
Flag
GDP GROWTH27.5%CURRENT US$
Rnk 119 / 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$27,331CURRENT US$
Rnk 50 / 196
2013-2023
Flag
GDP PC GROWTH26.1%CURRENT US$
Rnk 84 / 195

About

Montenegro-Portugal Trade: In 2023, Montenegro exported $206k to Portugal. The main products that Montenegro exported to Portugal were Electrical Control Boards ($59.6k), Motorcycles and cycles ($57.9k), and Cars ($30.3k). Over the past 5 years the exports of Montenegro to Portugal have increased at an annualized rate of 76.7%, from $12k in 2018 to $206k in 2023.

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

Portugal-Montenegro Trade: In 2023, Portugal exported $7.97M to Montenegro. The main products that Portugal exported to Montenegro were Other Edible Preparations ($882k), Rubber Tires ($708k), and Leather Footwear ($561k). Over the past 5 years the exports of Portugal to Montenegro have increased at an annualized rate of 9.88%,  from $4.98M in 2018 to $7.97M in 2023.

In 2023, Portugal 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, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $206k to Portugal. The main products exported from Montenegro to Portugal were Electrical Control Boards ($59.6k), Motorcycles and cycles ($57.9k), and Cars ($30.3k). During the last 5 years the exports of Montenegro to Portugal have increased at an annualized rate of 76.7%, from $12k in 2018 to $206k in 2023.

In 2018, Portugal exported $7.97M to Montenegro. The main products exported from Portugal to Montenegro were Other Edible Preparations ($882k), Rubber Tires ($708k), and Leather Footwear ($561k). During the last 5 years the exports of Portugal to Montenegro have increased at an annualized rate of 9.88%, from $4.98M in 2023 to $7.97M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Portugal (Flag)

Montenegro Exports

Portugal Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Portugal
Top DestinationSpain$17.7B

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

In 2023, countries that imported more from Montenegro than Portugal included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Albania ($25.3M).

In 2023, countries that imported more from Portugal than Montenegro included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

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

Comparative Advantage Montenegro - Portugal

Flow
Scale

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

During 2023, Montenegro had a large net trade with Portugal in the exports of Transportation ($89.7k), Machines ($63k), and Plastics and Rubbers ($33.5k).

During 2018, Portugal had a large net trade with Montenegro in the exports of Foodstuffs ($1.36M), Textiles ($1.03M), and Plastics and Rubbers ($828k).

Economic Complexity

Competitive Landscape

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

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

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