2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$115BCURRENT US$
Rnk 61 / 186
2012-2022
Flag
GDP GROWTH
22%CURRENT US$
Rnk 117 / 186
2022
Flag
GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC
$21,258CURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP PC GROWTH
21.5%CURRENT US$
Rnk 80 / 186

About

Montenegro-Slovakia Trade: In 2022, Montenegro exported $417k to Slovakia. The main products that Montenegro exported to Slovakia were Raw Aluminium ($151k), Other Iron Products ($74.9k), and Perfumes ($45.1k). Over the past 5 years the exports of Montenegro to Slovakia have increased at an annualized rate of 34.9%, from $93.2k in 2017 to $417k in 2022.

In 2022, Montenegro did not export any services to Slovakia.

Slovakia-Montenegro Trade: In 2022, Slovakia exported $23.4M to Montenegro. The main products that Slovakia exported to Montenegro were Broadcasting Equipment ($7.37M), Video Displays ($3.17M), and Cars ($2.56M). Over the past 5 years the exports of Slovakia to Montenegro have increased at an annualized rate of 5.28%,  from $18.1M in 2017 to $23.4M in 2022.

In 2012, Slovakia exported services to Montenegro worth $6.8M, with Services not allocated ($3.4M), Travel ($2.1M), and Computer and information services ($958k) being the largest in terms of value.

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.32), and 41 in total exports ($110B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $417k to Slovakia. The main products exported from Montenegro to Slovakia were Raw Aluminium ($151k), Other Iron Products ($74.9k), and Perfumes ($45.1k). During the last 5 years the exports of Montenegro to Slovakia have increased at an annualized rate of 34.9%, from $93.2k in 2017 to $417k in 2022.

In 2017, Slovakia exported $23.4M to Montenegro. The main products exported from Slovakia to Montenegro were Broadcasting Equipment ($7.37M), Video Displays ($3.17M), and Cars ($2.56M). During the last 5 years the exports of Slovakia to Montenegro have increased at an annualized rate of 5.28%, from $18.1M in 2022 to $23.4M in 2017.

Exports from Montenegro (Flag) to Slovakia (Flag) (2022)

Exports from Slovakia (Flag) to Montenegro (Flag) (2022)

Latest Data

Trade between Montenegro (Flag) and Slovakia (Flag)

Montenegro Exports

Slovakia Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Slovakia
Top Destination
Germany$22.2B

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

In 2022, countries that imported more from Montenegro than Slovakia included Cayman Islands ($1.66M), Mauritania ($501k), and Eswatini ($16.9k).

In 2022, countries that imported more from Slovakia than Montenegro included Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

Difference in imports from Slovakia (Flag) and Montenegro (Flag) (2022)

Comparative Advantage Montenegro - Slovakia

Flow
Scale

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

During 2022, Montenegro had a large net trade with Slovakia in the exports of Metals ($234k), Wood Products ($71.6k), and Chemical Products ($65.8k).

During 2017, Slovakia had a large net trade with Montenegro in the exports of Machines ($13.5M), Transportation ($2.82M), and Chemical Products ($1.87M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Slovakia (Flag) (2022)

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