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2023
Flag → Flag
Exports $45.5kRnk 139 / 159
2023
Flag → Flag
Exports $109kRnk 69 / 130
2023
Flag → Flag
Top Product $25.4kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag
Economic Complexity (ECI) ECI -1.75Rnk 129 / 132
2023
Flag  
GDP$364BCURRENT US$
Rnk 41 / 195
2013-2023
Flag
GDP GROWTH-30%CURRENT US$
Rnk 191 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $1,597CURRENT US$
Rnk 164 / 195
2013-2023
Flag
GDP PC GROWTH-44.4%CURRENT US$
Rnk 192 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Nigeria-Montenegro Trade: In 2023, Nigeria exported $45.5k to Montenegro. The main products that Nigeria exported to Montenegro were N/A. Over the past 5 years the exports of Nigeria to Montenegro have increased at an annualized rate of 12.7%, from $25k in 2018 to $45.5k in 2023.

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

Montenegro-Nigeria Trade: In 2023, Montenegro exported $109k to Nigeria. The main products that Montenegro exported to Nigeria were Motor vehicles; parts and accessories (8701 to 8705) ($25.4k), Combustion Engines ($24k), and Insulated Wire ($13.7k). Over the past 5 years the exports of Montenegro to Nigeria have increased at an annualized rate of 35.6%,  from $23.8k in 2018 to $109k in 2023.

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

Comparison In 2023,  Nigeria ranked 129 in the Economic Complexity Index (ECI -1.75),  and 52 in total exports ($61B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nigeria exported $45.5k to Montenegro. There were not main exports from Nigeria to Montenegro in 2023. During the last 5 years the exports of Nigeria to Montenegro have increased at an annualized rate of 12.7%, from $25k in 2018 to $45.5k in 2023.

In 2018, Montenegro exported $109k to Nigeria. The main products exported from Montenegro to Nigeria were Motor vehicles; parts and accessories (8701 to 8705) ($25.4k), Combustion Engines ($24k), and Insulated Wire ($13.7k). During the last 5 years the exports of Montenegro to Nigeria have increased at an annualized rate of 35.6%, from $23.8k in 2023 to $109k in 2018.

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

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

Latest Data

Trade between Nigeria (Flag) and Montenegro (Flag)

Montenegro Exports

Market Competitiveness

Color
Nigeria
Top DestinationUnited States$6.29B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Nigeria than Montenegro included United States ($6.29B), Spain ($5.76B), and France ($4.76B).

In 2023, countries that imported more from Montenegro than Nigeria included Serbia ($202M), Slovenia ($77.9M), and Bosnia and Herzegovina ($67.5M).

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

Comparative Advantage Nigeria - Montenegro

Flow
Scale

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

During 2023, Nigeria had a large net trade with Montenegro in the exports of Vegetable Products ($45.3k), Foodstuffs ($144), and Paper Goods ($16).

During 2018, Montenegro had a large net trade with Nigeria in the exports of Machines ($53.8k), Transportation ($47.7k), and Textiles ($5.96k).

Economic Complexity

Competitive Landscape

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

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

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