2023
Flag  
GDP
$133BCURRENT US$
Rnk 61 / 195
2013-2023
Flag
GDP GROWTH
34.1%CURRENT US$
Rnk 104 / 195
2023
Flag
 GDP
$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH
68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC 
$24,491CURRENT US$
Rnk 51 / 195
2013-2023
Flag
GDP PC GROWTH
33.7%CURRENT US$
Rnk 71 / 195
2023
Flag
GDP PC
$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH
70%CURRENT US$
Rnk 26 / 195

About

Slovakia-Montenegro Trade: In 2023, Slovakia exported $25M to Montenegro. The main products that Slovakia exported to Montenegro were Cars ($9.87M), Video Displays ($1.17M), and Refined Petroleum ($1.02M). Over the past 5 years the exports of Slovakia to Montenegro have increased at an annualized rate of 6.81%, from $18M in 2018 to $25M in 2023.

In 2012, Slovakia exported services to Montenegro worth $6.8M, with Services not allocated ($3.4M), Travel ($2.1M), and Computer and information services ($958k) being the largest in terms of value.

Montenegro-Slovakia Trade: In 2023, Montenegro exported $561k to Slovakia. The main products that Montenegro exported to Slovakia were Raw Aluminium ($142k), Hard Liquor ($108k), and Insulated Wire ($65.6k). Over the past 5 years the exports of Montenegro to Slovakia have increased at an annualized rate of 67%,  from $43.3k in 2018 to $561k in 2023.

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

Comparison In 2023,  Slovakia ranked 15 in the Economic Complexity Index (ECI 1.35),  and 39 in total exports ($107B). 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, Slovakia exported $25M to Montenegro. The main products exported from Slovakia to Montenegro were Cars ($9.87M), Video Displays ($1.17M), and Refined Petroleum ($1.02M). During the last 5 years the exports of Slovakia to Montenegro have increased at an annualized rate of 6.81%, from $18M in 2018 to $25M in 2023.

In 2018, Montenegro exported $561k to Slovakia. The main products exported from Montenegro to Slovakia were Raw Aluminium ($142k), Hard Liquor ($108k), and Insulated Wire ($65.6k). During the last 5 years the exports of Montenegro to Slovakia have increased at an annualized rate of 67%, from $43.3k in 2023 to $561k in 2018.

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

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

Latest Data

Trade between Slovakia (Flag) and Montenegro (Flag)

Slovakia Exports

Montenegro Exports

Market Competitiveness

Color
Slovakia
Top Destination
Germany$21.5B
Montenegro
Top Destination
Italy$576M

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

In 2023, countries that imported more from Slovakia than Montenegro included Germany ($21.5B), Czechia ($11.1B), and Hungary ($7.34B).

In 2023, countries that imported more from Montenegro than Slovakia included Suriname ($126k), Burundi ($56.2k), and British Virgin Islands ($11.5k).

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

Comparative Advantage Slovakia - Montenegro

Flow
Scale

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

During 2023, Slovakia had a large net trade with Montenegro in the exports of Transportation ($10.3M), Machines ($5.2M), and Chemical Products ($2.03M).

During 2018, Montenegro had a large net trade with Slovakia in the exports of Metals ($198k), Foodstuffs ($114k), and Machines ($72.4k).

Economic Complexity

Competitive Landscape

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

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

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