2022
Flag  
GDP
$243BCURRENT US$
Rnk 51 / 186
2012-2022
Flag
GDP GROWTH
25.9%CURRENT US$
Rnk 106 / 186
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 
$7,126CURRENT US$
Rnk 89 / 186
2012-2022
Flag
GDP PC GROWTH
10%CURRENT US$
Rnk 116 / 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

Peru-Montenegro Trade: In 2022, Peru exported $359k to Montenegro. The main products that Peru exported to Montenegro were Tropical Fruits ($99.5k), Other Vegetables ($77.3k), and Processed Crustaceans ($20.7k). Over the past 5 years the exports of Peru to Montenegro have increased at an annualized rate of 2%, from $325k in 2017 to $359k in 2022.

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

Montenegro-Peru Trade: In 2022, Montenegro exported $22.3k to Peru. The main products that Montenegro exported to Peru were Cars ($8.88k), Valves ($6.11k), and Gas and Liquid Flow Measuring Instruments ($6.05k). Over the past 5 years the exports of Montenegro to Peru have decreased at an annualized rate of 19.2%,  from $64.8k in 2017 to $22.3k in 2022.

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

Comparison In 2022,  Peru ranked 93 in the Economic Complexity Index (ECI -0.6),  and 54 in total exports ($59.4B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Peru exported $359k to Montenegro. The main products exported from Peru to Montenegro were Tropical Fruits ($99.5k), Other Vegetables ($77.3k), and Processed Crustaceans ($20.7k). During the last 5 years the exports of Peru to Montenegro have increased at an annualized rate of 2%, from $325k in 2017 to $359k in 2022.

In 2017, Montenegro exported $22.3k to Peru. The main products exported from Montenegro to Peru were Cars ($8.88k), Valves ($6.11k), and Gas and Liquid Flow Measuring Instruments ($6.05k). During the last 5 years the exports of Montenegro to Peru have decreased at an annualized rate of 19.2%, from $64.8k in 2022 to $22.3k in 2017.

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

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

Latest Data

Trade between Peru (Flag) and Montenegro (Flag)

Peru Exports

Montenegro Exports

Date

Market Competitiveness

Color
Peru
Top Destination
China$17.6B
Montenegro
Top Destination
South Korea$321M

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

In 2022, countries that imported more from Peru than Montenegro included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

In 2022, countries that imported more from Montenegro than Peru included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Slovenia ($55M).

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

Comparative Advantage Peru - Montenegro

Flow
Scale

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

During 2022, Peru had a large net trade with Montenegro in the exports of Vegetable Products ($244k), Textiles ($50.1k), and Foodstuffs ($37.5k).

During 2017, Montenegro had a large net trade with Peru in the exports of Transportation ($8.88k), Machines ($7.34k), and Instruments ($6.05k).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with