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2022
Flag → Flag
Exports $23MRnk 12 / 123
2022
Flag → Flag
Top Product $7.74MScrap Iron
2022
Flag → Flag
Exports $183MRnk 111 / 219
2022
Flag → Flag
Top Product $20.2MSpecial Purpose Ships
2022
Flag
Economic Complexity (ECI) ECI 0.6Rnk 41 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$906BCURRENT US$
Rnk 19 / 186
2012-2022
Flag
GDP GROWTH2.89%CURRENT US$
Rnk 160 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC$10,616CURRENT US$
Rnk 75 / 186
2012-2022
Flag
GDP PC GROWTH-9.24%CURRENT US$
Rnk 162 / 186

About

Montenegro-Turkey Trade: In 2022, Montenegro exported $23M to Turkey. The main products that Montenegro exported to Turkey were Scrap Iron ($7.74M), Jewellery ($3.49M), and Other Steel Bars ($3.13M). Over the past 5 years the exports of Montenegro to Turkey have decreased at an annualized rate of 2.74%, from $26.4M in 2017 to $23M in 2022.

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

Turkey-Montenegro Trade: In 2022, Turkey exported $183M to Montenegro. The main products that Turkey exported to Montenegro were Special Purpose Ships ($20.2M), Particle Board ($17.7M), and Wood Fiberboard ($8.25M). Over the past 5 years the exports of Turkey to Montenegro have increased at an annualized rate of 20.2%,  from $73.1M in 2017 to $183M in 2022.

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

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Turkey ranked 41 in the Economic Complexity Index (ECI 0.6), and 29 in total exports ($262B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $23M to Turkey. The main products exported from Montenegro to Turkey were Scrap Iron ($7.74M), Jewellery ($3.49M), and Other Steel Bars ($3.13M). During the last 5 years the exports of Montenegro to Turkey have decreased at an annualized rate of 2.74%, from $26.4M in 2017 to $23M in 2022.

In 2017, Turkey exported $183M to Montenegro. The main products exported from Turkey to Montenegro were Special Purpose Ships ($20.2M), Particle Board ($17.7M), and Wood Fiberboard ($8.25M). During the last 5 years the exports of Turkey to Montenegro have increased at an annualized rate of 20.2%, from $73.1M in 2022 to $183M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Turkey (Flag)

Montenegro Exports

Turkey Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Turkey
Top DestinationGermany$21.9B

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

In 2022, countries that imported more from Montenegro than Turkey included San Marino ($2.1M).

In 2022, countries that imported more from Turkey than Montenegro included Germany ($21.9B), United States ($17.1B), and Iraq ($13.7B).

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

Comparative Advantage Montenegro - Turkey

Flow
Scale

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

During 2022, Montenegro had a large net trade with Turkey in the exports of Metals ($13.8M), Precious Metals ($3.49M), and Mineral Products ($898k).

During 2017, Turkey had a large net trade with Montenegro in the exports of Transportation ($28M), Wood Products ($27.7M), and Textiles ($25.3M).

Economic Complexity

Competitive Landscape

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

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

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