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2023
Flag → Flag
Exports $43.6MRnk 80 / 199
2023
Flag → Flag
Top Product $8.15MProcessed Tobacco
2023
Flag → Flag
Exports $1.03MRnk 39 / 130
2023
Flag → Flag
Top Product $433kElectric Locomotives
2023
Flag
Economic Complexity (ECI) ECI 1.02Rnk 28 / 132
2023
Flag  
GDP$351BCURRENT US$
Rnk 43 / 195
2013-2023
Flag
GDP GROWTH84.8%CURRENT US$
Rnk 24 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $18,404CURRENT US$
Rnk 66 / 195
2013-2023
Flag
GDP PC GROWTH93.8%CURRENT US$
Rnk 11 / 195
2023
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GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
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GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Romania-Montenegro Trade: In 2023, Romania exported $43.6M to Montenegro. The main products that Romania exported to Montenegro were Processed Tobacco ($8.15M), Cars ($5.52M), and Particle Board ($2.03M). Over the past 5 years the exports of Romania to Montenegro have decreased at an annualized rate of 3.07%, from $51M in 2018 to $43.6M in 2023.

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

Montenegro-Romania Trade: In 2023, Montenegro exported $1.03M to Romania. The main products that Montenegro exported to Romania were Electric Locomotives ($433k), Other Locomotives ($214k), and Plastic Lids ($159k). Over the past 5 years the exports of Montenegro to Romania have increased at an annualized rate of 9.12%,  from $663k in 2018 to $1.03M in 2023.

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

Comparison In 2023,  Romania ranked 28 in the Economic Complexity Index (ECI 1.02),  and 41 in total exports ($104B). 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, Romania exported $43.6M to Montenegro. The main products exported from Romania to Montenegro were Processed Tobacco ($8.15M), Cars ($5.52M), and Particle Board ($2.03M). During the last 5 years the exports of Romania to Montenegro have decreased at an annualized rate of 3.07%, from $51M in 2018 to $43.6M in 2023.

In 2018, Montenegro exported $1.03M to Romania. The main products exported from Montenegro to Romania were Electric Locomotives ($433k), Other Locomotives ($214k), and Plastic Lids ($159k). During the last 5 years the exports of Montenegro to Romania have increased at an annualized rate of 9.12%, from $663k in 2023 to $1.03M in 2018.

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

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

Latest Data

Trade between Romania (Flag) and Montenegro (Flag)

Romania Exports

Montenegro Exports

Market Competitiveness

Color
Romania
Top DestinationGermany$19.9B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Romania than Montenegro included Germany ($19.9B), Italy ($10.2B), and France ($6.5B).

In 2023, countries that imported more from Montenegro than Romania included Laos ($40.7k) and Grenada ($422).

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

Comparative Advantage Romania - Montenegro

Flow
Scale

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

During 2023, Romania had a large net trade with Montenegro in the exports of Foodstuffs ($13.2M), Transportation ($8.22M), and Machines ($6.48M).

During 2018, Montenegro had a large net trade with Romania in the exports of Transportation ($653k), Plastics and Rubbers ($159k), and Paper Goods ($86.6k).

Economic Complexity

Competitive Landscape

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

Product Space of Romania (Flag) and Montenegro (Flag) (2023)

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