2023
Flag  
GDP
$268BCURRENT US$
Rnk 49 / 195
2013-2023
Flag
GDP GROWTH
33%CURRENT US$
Rnk 108 / 195
2023
Flag
 GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC 
$7,907CURRENT US$
Rnk 97 / 195
2013-2023
Flag
GDP PC GROWTH
17.2%CURRENT US$
Rnk 111 / 195
2023
Flag
GDP PC
$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195

About

Peru-Montenegro Trade: In 2023, Peru exported $588k to Montenegro. The main products that Peru exported to Montenegro were Tropical Fruits ($121k), Other Vegetables ($113k), and Frozen Fruits and Nuts ($86.5k). Over the past 5 years the exports of Peru to Montenegro have increased at an annualized rate of 16.4%, from $275k in 2018 to $588k in 2023.

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

Montenegro-Peru Trade: In 2023, Montenegro exported $1.65M to Peru. The main products that Montenegro exported to Peru were Other Iron Products ($1.62M), Valves ($28.5k), and Iron Pipes ($3.95k). Over the past 5 years the exports of Montenegro to Peru have increased at an annualized rate of 98.5%,  from $53.7k in 2018 to $1.65M in 2023.

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

Comparison In 2023,  Peru ranked 90 in the Economic Complexity Index (ECI -0.61),  and 51 in total exports ($66.6B). 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, Peru exported $588k to Montenegro. The main products exported from Peru to Montenegro were Tropical Fruits ($121k), Other Vegetables ($113k), and Frozen Fruits and Nuts ($86.5k). During the last 5 years the exports of Peru to Montenegro have increased at an annualized rate of 16.4%, from $275k in 2018 to $588k in 2023.

In 2018, Montenegro exported $1.65M to Peru. The main products exported from Montenegro to Peru were Other Iron Products ($1.62M), Valves ($28.5k), and Iron Pipes ($3.95k). During the last 5 years the exports of Montenegro to Peru have increased at an annualized rate of 98.5%, from $53.7k in 2023 to $1.65M in 2018.

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

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

Latest Data

Trade between Peru (Flag) and Montenegro (Flag)

Peru Exports

Montenegro Exports

Date

Market Competitiveness

Color
Peru
Top Destination
China$22.5B
Montenegro
Top Destination
Italy$576M

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 2023, countries that imported more from Peru than Montenegro included China ($22.5B), United States ($9.3B), and Canada ($3.24B).

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

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

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 2023, Peru had a large net trade with Montenegro in the exports of Vegetable Products ($465k), Foodstuffs ($70.3k), and Textiles ($39.7k).

During 2018, Montenegro had a large net trade with Peru in the exports of Metals ($1.62M), Machines ($30.2k), and Miscellaneous ($1.19k).

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) (2023)

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