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Pricing

2022
Flag → Flag
Exports $5.2MRnk 136 / 208
2022
Flag → Flag
Top Product $444kRubber Tires
2022
Flag → Flag
Exports $30.2kRnk 82 / 123
2022
Flag → Flag
Top Product $9.48kOther Floating Structures
2022
Flag
Economic Complexity (ECI) ECI 0.58Rnk 40 / 124
2022
Flag  
GDP$252BCURRENT US$
Rnk 49 / 186
2012-2022
Flag
GDP GROWTH16.5%CURRENT US$
Rnk 132 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC $24,275CURRENT US$
Rnk 46 / 186
2012-2022
Flag
GDP PC GROWTH18%CURRENT US$
Rnk 94 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Portugal-Montenegro In 2022, Portugal exported $5.2M to Montenegro. The main products that Portugal exported to Montenegro are Rubber Tires ($444k), Processed Crustaceans ($420k), and Liquid Pumps ($415k). During the last 16 years the exports of Portugal to Montenegro have increased at an annualized rate of 12.6%, from $783k in 2006 to $5.2M in 2022.

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

Montenegro-Portugal 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). During the last 16 years the exports of Montenegro to Portugal have decreased at an annualized rate of 17.1%, from $608k in 2006 to $30.2k in 2022.

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

Comparison In 2022,  Portugal ranked 40 in the Economic Complexity Index (ECI 0.58),  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

January, 2024

About

Overview In January 2024, Portugal exported €368k and imported €4.18k from Montenegro, resulting in a positive trade balance of €364k. Between January 2023 and January 2024 the exports of Portugal have increased by €253k (219%) from €115k to €368k, while imports increased by €3.09k (282%) from €1.1k to €4.18k.

Trade In January 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 January 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 January 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 January 2024, the increase in Portugal's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in .

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€253k(219%)
IMPORT GROWTH (January 2023 - January 2024)€3.09k(282%)

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
Value

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 16 years the exports of Portugal to Montenegro have increased at an annualized rate of 12.6%, from $783k in 2006 to $5.2M in 2022.

In 2022, 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 16 years the exports of Montenegro to Portugal have decreased at an annualized rate of 17.1%, from $608k in 2006 to $30.2k in 2022.

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

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

Market Competitiveness

Color
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 2021, countries that imported more from Portugal than Montenegro were Spain ($20.5B), France ($9.49B), and Germany ($8.76B).

In 2021, countries that imported more from Montenegro than Portugal were Serbia ($159M), Bosnia and Herzegovina ($95.5M), and South Korea ($321M).

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

Comparative Advantage Portugal - Montenegro

Flow
Scale

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 2022, 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

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Portugal has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Portugal.

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

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