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2022
Flag → Flag
Exports $6.63MRnk 25 / 123
2022
Flag → Flag
Top Product $1.51MBroadcasting Equipment
2022
Flag → Flag
Exports $58.6MRnk 174 / 219
2022
Flag → Flag
Top Product $9.58MCoal Briquettes
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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$76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186

About

Montenegro-United States Trade: In 2022, Montenegro exported $6.63M to United States. The main products that Montenegro exported to United States were Broadcasting Equipment ($1.51M), Aircraft Parts ($505k), and Telephones ($503k). Over the past 5 years the exports of Montenegro to United States have increased at an annualized rate of 14.3%, from $3.39M in 2017 to $6.63M in 2022.

In 2022, Montenegro did not export any services to United States.

United States-Montenegro Trade: In 2022, United States exported $58.6M to Montenegro. The main products that United States exported to Montenegro were Coal Briquettes ($9.58M), Cars ($4.89M), and Special purpose motor vehicles ($4.07M). Over the past 5 years the exports of United States to Montenegro have increased at an annualized rate of 7.62%,  from $22.5M in 2017 to $58.6M in 2022.

In 2022, United States 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, United States ranked 10 in the Economic Complexity Index (ECI 1.47), and 2 in total exports ($1.95T).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $6.63M to United States. The main products exported from Montenegro to United States were Broadcasting Equipment ($1.51M), Aircraft Parts ($505k), and Telephones ($503k). During the last 5 years the exports of Montenegro to United States have increased at an annualized rate of 14.3%, from $3.39M in 2017 to $6.63M in 2022.

In 2017, United States exported $58.6M to Montenegro. The main products exported from United States to Montenegro were Coal Briquettes ($9.58M), Cars ($4.89M), and Special purpose motor vehicles ($4.07M). During the last 5 years the exports of United States to Montenegro have increased at an annualized rate of 7.62%, from $22.5M in 2022 to $58.6M in 2017.

Exports from Montenegro (Flag) to United States (Flag) (2022)

Exports from United States (Flag) to Montenegro (Flag) (2022)

Latest Data

Trade between Montenegro (Flag) and United States (Flag)

Montenegro Exports

United States Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
United States
Top DestinationCanada$308B

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

In 2022, countries that imported more from Montenegro than United States included San Marino ($2.1M) and Northern Mariana Islands ($105).

In 2022, countries that imported more from United States than Montenegro included Canada ($308B), Mexico ($294B), and China ($151B).

Difference in imports from United States (Flag) and Montenegro (Flag) (2022)

Comparative Advantage Montenegro - United States

Flow
Scale

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

During 2022, Montenegro had a large net trade with United States in the exports of Machines ($3.69M), Foodstuffs ($635k), and Transportation ($536k).

During 2017, United States had a large net trade with Montenegro in the exports of Transportation ($14.5M), Mineral Products ($12.9M), and Machines ($9.86M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and United States (Flag) (2022)

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