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

About

Portugal-Montenegro Trade: In 2022, Portugal exported $5.2M to Montenegro. The main products that Portugal exported to Montenegro were Rubber Tires ($444k), Processed Crustaceans ($420k), and Liquid Pumps ($415k). Over the past 5 years the exports of Portugal to Montenegro have increased at an annualized rate of 3.76%, from $4.32M in 2017 to $5.2M in 2022.

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

Montenegro-Portugal Trade: In 2022, Montenegro exported $30.2k to Portugal. The main products that Montenegro exported to Portugal were Other Floating Structures ($9.48k), Scrap Plastic ($4.57k), and Aircraft Parts ($3.16k). Over the past 5 years the exports of Montenegro to Portugal have decreased at an annualized rate of 17.6%, from $79.3k in 2017 to $30.2k in 2022.

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

Comparison In 2022, Portugal ranked 42 in the Economic Complexity Index (ECI 0.57), and 48 in total exports ($81.7B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

September, 2024

About

Overview In September 2024, Portugal exported €518k and imported €602 from Montenegro, resulting in a positive trade balance of €517k. Between September 2023 and September 2024 the exports of Portugal have increased by €207k (66.8%) from €310k to €518k, while imports decreased by €-14.2k (-95.9%) from €14.8k to €602.

Trade In September 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 September 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 September 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 September 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 (September 2023 - September 2024)€207k(66.8%)

IMPORT GROWTH (September 2023 - September 2024)€-14.2k(-95.9%)

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.

For full datasets download visit Bulk Download page.

Explore Montenegro and Portugal Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Portugal exported $5.2M to Montenegro. The main products exported from Portugal to Montenegro were Rubber Tires ($444k), Processed Crustaceans ($420k), and Liquid Pumps ($415k). During the last 5 years the exports of Portugal to Montenegro have increased at an annualized rate of 3.76%, from $4.32M in 2017 to $5.2M in 2022.

In 2017, Montenegro exported $30.2k to Portugal. The main products exported from Montenegro to Portugal were Other Floating Structures ($9.48k), Scrap Plastic ($4.57k), and Aircraft Parts ($3.16k). During the last 5 years the exports of Montenegro to Portugal have decreased at an annualized rate of 17.6%, from $79.3k in 2022 to $30.2k in 2017.

Exports from Portugal () to Montenegro () (2022)

Exports from Montenegro () to Portugal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Portugal
Top DestinationSpain$20.5B

Montenegro
Top DestinationSouth Korea$321M

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 2022, countries that imported more from Portugal than Montenegro included Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2022, countries that imported more from Montenegro than Portugal included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and South Korea ($321M).

Difference in imports from Montenegro () and Portugal () (2022)

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 2022, Portugal had a large net trade with Montenegro in the exports of Animal Products ($908k), Machines ($844k), and Foodstuffs ($743k).

During 2017, Montenegro had a large net trade with Portugal in the exports of Transportation ($12.6k), Textiles ($5.01k), and Plastics and Rubbers ($4.72k).

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.

About

Latest Trends

About

Latest Trade

Historical Data

Bilateral Trade by Products

Exports from Portugal () to Montenegro () (2022)

Exports from Montenegro () to Portugal () (2022)

Market Competitiveness

Difference in imports from Montenegro () and Portugal () (2022)

Comparative Advantage Portugal - Montenegro

Economic Complexity

Competitive Landscape

Product Space of Portugal () and Montenegro () (2022)

Keep Exploring