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2022
Flag → Flag
Exports $138MRnk 37 / 200
2022
Flag → Flag
Top Product $26.1MElectricity
2022
Flag → Flag
Exports $55MRnk 6 / 123
2022
Flag → Flag
Top Product $23.4MElectricity
2022
Flag
Economic Complexity (ECI) ECI 1.45Rnk 11 / 133
2022
Flag  
GDP$62.1BCURRENT US$
Rnk 85 / 186
2012-2022
Flag
GDP GROWTH33.4%CURRENT US$
Rnk 92 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $29,457CURRENT US$
Rnk 39 / 186
2012-2022
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GDP PC GROWTH30.1%CURRENT US$
Rnk 63 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Slovenia-Montenegro Trade: In 2022, Slovenia exported $138M to Montenegro. The main products that Slovenia exported to Montenegro were Electricity ($26.1M), Cars ($13M), and Packaged Medicaments ($10.8M). Over the past 5 years the exports of Slovenia to Montenegro have increased at an annualized rate of 4.33%, from $112M in 2017 to $138M in 2022.

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

Montenegro-Slovenia Trade: In 2022, Montenegro exported $55M to Slovenia. The main products that Montenegro exported to Slovenia were Electricity ($23.4M), Refined Petroleum ($18.7M), and Scrap Copper ($3.72M). Over the past 5 years the exports of Montenegro to Slovenia have increased at an annualized rate of 18%,  from $24M in 2017 to $55M in 2022.

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

Comparison In 2022,  Slovenia ranked 11 in the Economic Complexity Index (ECI 1.45),  and 56 in total exports ($56B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Slovenia exported $138M to Montenegro. The main products exported from Slovenia to Montenegro were Electricity ($26.1M), Cars ($13M), and Packaged Medicaments ($10.8M). During the last 5 years the exports of Slovenia to Montenegro have increased at an annualized rate of 4.33%, from $112M in 2017 to $138M in 2022.

In 2017, Montenegro exported $55M to Slovenia. The main products exported from Montenegro to Slovenia were Electricity ($23.4M), Refined Petroleum ($18.7M), and Scrap Copper ($3.72M). During the last 5 years the exports of Montenegro to Slovenia have increased at an annualized rate of 18%, from $24M in 2022 to $55M in 2017.

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

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

Latest Data

Trade between Slovenia (Flag) and Montenegro (Flag)

Slovenia Exports

Montenegro Exports

Market Competitiveness

Color
Slovenia
Top DestinationSwitzerland$9.92B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Slovenia than Montenegro included Switzerland ($9.92B), Germany ($7.92B), and Italy ($6.28B).

In 2022, countries that imported more from Montenegro than Slovenia included South Korea ($321M), Luxembourg ($38.7M), and Cayman Islands ($1.66M).

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

Comparative Advantage Slovenia - Montenegro

Flow
Scale

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

During 2022, Slovenia had a large net trade with Montenegro in the exports of Mineral Products ($27M), Machines ($23.5M), and Transportation ($22M).

During 2017, Montenegro had a large net trade with Slovenia in the exports of Mineral Products ($42.2M), Metals ($5.07M), and Transportation ($2.11M).

Economic Complexity

Competitive Landscape

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

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

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