Portugal (PRT) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Portugal-Montenegro Trade: In 2023, Portugal exported $7.97M to Montenegro. The main products that Portugal exported to Montenegro were Other Edible Preparations ($882k), Rubber Tires ($708k), and Leather Footwear ($561k). Over the past 5 years the exports of Portugal to Montenegro have increased at an annualized rate of 9.88%, from $4.98M in 2018 to $7.97M in 2023.

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

Montenegro-Portugal Trade: In 2023, Montenegro exported $206k to Portugal. The main products that Montenegro exported to Portugal were Electrical Control Boards ($59.6k), Motorcycles and cycles ($57.9k), and Cars ($30.3k). Over the past 5 years the exports of Montenegro to Portugal have increased at an annualized rate of 76.7%, from $12k in 2018 to $206k in 2023.

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

Comparison In 2023, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 46 in total exports ($83B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Portugal exported €353k and imported €1.03k from Montenegro, resulting in a positive trade balance of €352k. Between November 2023 and November 2024 the exports of Portugal have increased by €289k (450%) from €64.2k to €353k, while imports decreased by €-55.8k (-98.2%) from €56.8k to €1.03k.

Trade In November 2024, the top exports of Portugal to Montenegro were Fish, Crustaceans & Molluscs (€27.9k), Paper articles (€26.3k), Non-knitted clothing accesories (€18.9k), Preparations of fish, crustacenas, & molluscs (€15.7k), and Knitted clothing accesories (€14.6k). In November 2024 the top imports of Portugal from Montenegro were Non-knitted clothing accesories (€678), Headgear (€300), Books, newspapers, & other prints (€76), Footwear (€41), and Live animals (€0).

Growth In November 2024, the increase in Portugal's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Non-knitted clothing accesories (€18.9k or 23.3k%), Knitted clothing accesories (€14.6k or 28.6k%), and Paper articles (€3.21k or 13.9%). In November 2024, the decrease in Portugal's year-by-year imports from Montenegro was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (November 2023 - November 2024)€289k(450%)

IMPORT GROWTH (November 2023 - November 2024)€-55.8k(-98.2%)

This section shows exports and imports data at subnational level for Portugal. Click any date in the line plot or any product to explore the exports or imports behavior of Portugal over time.

To check Montenegro and Portugal trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Portugal exported $7.97M to Montenegro. The main products exported from Portugal to Montenegro were Other Edible Preparations ($882k), Rubber Tires ($708k), and Leather Footwear ($561k). During the last 5 years the exports of Portugal to Montenegro have increased at an annualized rate of 9.88%, from $4.98M in 2018 to $7.97M in 2023.

In 2018, Montenegro exported $206k to Portugal. The main products exported from Montenegro to Portugal were Electrical Control Boards ($59.6k), Motorcycles and cycles ($57.9k), and Cars ($30.3k). During the last 5 years the exports of Montenegro to Portugal have increased at an annualized rate of 76.7%, from $12k in 2023 to $206k in 2018.

Exports from Portugal () to Montenegro () (2023)

Exports from Montenegro () to Portugal () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$17.7B

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Portugal than Montenegro included Spain ($17.7B), France ($9.19B), and Germany ($8.12B).

In 2023, countries that imported more from Montenegro than Portugal included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Albania ($25.3M).

Difference in imports from Montenegro () and Portugal () (2023)

Comparative Advantage Portugal - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Portugal had a large net trade with Montenegro in the exports of Foodstuffs ($1.36M), Textiles ($1.03M), and Plastics and Rubbers ($828k).

During 2018, Montenegro had a large net trade with Portugal in the exports of Transportation ($89.7k), Machines ($63k), and Plastics and Rubbers ($33.5k).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Montenegro () (2023)

Exports from Montenegro () to Portugal () (2023)

Market Competitiveness

Difference in imports from Montenegro () and Portugal () (2023)

Comparative Advantage Portugal - Montenegro

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Montenegro () (2023)

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