2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186

About

Montenegro-San Marino Trade: In 2022, Montenegro exported $2.1M to San Marino. The main products that Montenegro exported to San Marino were Raw Aluminium ($1.97M), Frozen Vegetables ($133k), and Low-voltage Protection Equipment ($53). Over the past 16 years the exports of Montenegro to San Marino have increased at an annualized rate of 42.6%, from $7.21k in 2006 to $2.1M in 2022.

In 2022, Montenegro did not export any services to San Marino.

San Marino-Montenegro Trade: In 2022, San Marino exported $43.5k to Montenegro. The main products that San Marino exported to Montenegro were Leather Footwear ($13.8k), Other Furniture ($12.3k), and Beauty Products ($3.93k). Over the past 16 years the exports of San Marino to Montenegro have increased at an annualized rate of 25.9%,  from $10.9k in 2006 to $43.5k in 2022.

In 2022, San Marino did not export any services to Montenegro.

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B). That same year, San Marino ranked 187 in total exports ($204M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $2.1M to San Marino. The main products exported from Montenegro to San Marino were Raw Aluminium ($1.97M), Frozen Vegetables ($133k), and Low-voltage Protection Equipment ($53). During the last 16 years the exports of Montenegro to San Marino have increased at an annualized rate of 42.6%, from $7.21k in 2006 to $2.1M in 2022.

In 2017, San Marino exported $43.5k to Montenegro. The main products exported from San Marino to Montenegro were Leather Footwear ($13.8k), Other Furniture ($12.3k), and Beauty Products ($3.93k). During the last 5 years the exports of San Marino to Montenegro have increased at an annualized rate of 25.9%, from $10.9k in 2022 to $43.5k in 2017.

Exports from Montenegro (Flag) to San Marino (Flag) (2022)

Exports from San Marino (Flag) to Montenegro (Flag) (2022)

Latest Data

Trade between Montenegro (Flag) and San Marino (Flag)

Montenegro Exports

Date

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
San Marino
Top Destination
United States$20M

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

In 2022, countries that imported more from Montenegro than San Marino included South Korea ($321M), Serbia ($159M), and Italy ($125M).

In 2022, countries that imported more from San Marino than Montenegro included Austria ($18M), Brazil ($14.4M), and Romania ($14.8M).

Difference in imports from San Marino (Flag) and Montenegro (Flag) (2022)

Comparative Advantage Montenegro - San Marino

Flow
Scale

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

During 2022, Montenegro had a large net trade with San Marino in the exports of Metals ($1.97M), Vegetable Products ($133k), and Machines ($53).

During 2017, San Marino had a large net trade with Montenegro in the exports of Miscellaneous ($16.4k), Footwear and Headwear ($13.8k), and Chemical Products ($7.72k).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and San Marino (Flag) (2022)

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