Paraguay (PRY) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Paraguay-Montenegro Trade: In 2023, Paraguay exported $1.23M to Montenegro. The main products that Paraguay exported to Montenegro were Frozen Bovine Meat ($1.16M), Other Oily Seeds ($57.2k), and Spices ($1.18k). Over the past 5 years the exports of Paraguay to Montenegro have increased at an annualized rate of 73.4%, from $78.1k in 2018 to $1.23M in 2023.

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

Montenegro-Paraguay In N/A, Montenegro did not export any products to Paraguay.

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

Comparison In 2023, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.42), and 94 in total exports ($12.2B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Paraguay exported $1.23M to Montenegro. The main products exported from Paraguay to Montenegro were Frozen Bovine Meat ($1.16M), Other Oily Seeds ($57.2k), and Spices ($1.18k). During the last 5 years the exports of Paraguay to Montenegro have increased at an annualized rate of 73.4%, from $78.1k in 2018 to $1.23M in 2023.

Montenegro does not register exports to Paraguay. The main products exported from Montenegro to Paraguay were Centrifuges ($726), Knit Women's Undergarments ($557), and Telephones ($250).

Exports from Paraguay () to Montenegro () (2023)

Exports from Montenegro () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Montenegro ()

Paraguay Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationArgentina$4B

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Paraguay than Montenegro included Argentina ($4B), Brazil ($3B), and Chile ($1.26B).

In 2023, countries that imported more from Montenegro than Paraguay included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

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

Comparative Advantage Paraguay - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Paraguay had a large net trade with Montenegro in the exports of Animal Products ($1.16M), Vegetable Products ($60.2k), and Foodstuffs ($489).

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Paraguay () to Montenegro () (2023)

Exports from Montenegro () to Paraguay () (2023)

Latest Data

Trade between Paraguay () and Montenegro ()

Paraguay Exports

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Montenegro

Economic Complexity

Competitive Landscape

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

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