Uruguay (URY) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

About

Uruguay-Montenegro Trade: In 2023, Uruguay exported $186k to Montenegro. The main products that Uruguay exported to Montenegro were Bovine Meat ($186k) and Onions ($106). Over the past 5 years the exports of Uruguay to Montenegro have increased at an annualized rate of 121%, from $3.56k in 2018 to $186k in 2023.

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

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

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

Comparison In 2023, Uruguay ranked 52 in the Economic Complexity Index (ECI 0.22), and 100 in total exports ($11B). 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, Uruguay exported $186k to Montenegro. The main products exported from Uruguay to Montenegro were Bovine Meat ($186k) and Onions ($106). During the last 5 years the exports of Uruguay to Montenegro have increased at an annualized rate of 121%, from $3.56k in 2018 to $186k in 2023.

Montenegro does not register exports to Uruguay. The main products exported from Montenegro to Uruguay were Other Measuring Instruments ($2.03k), Transmissions ($1.27k), and Valves ($995).

Exports from Uruguay () to Montenegro () (2023)

Exports from Montenegro () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Montenegro ()

Uruguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Uruguay
Top DestinationChina$2.34B

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Uruguay than Montenegro included China ($2.34B), Brazil ($1.92B), and United States ($880M).

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

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

Comparative Advantage Uruguay - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Uruguay had a large net trade with Montenegro in the exports of N/A.

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Uruguay () to Montenegro () (2023)

Exports from Montenegro () to Uruguay () (2023)

Latest Data

Trade between Uruguay () and Montenegro ()

Uruguay Exports

Market Competitiveness

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

Comparative Advantage Uruguay - Montenegro

Economic Complexity

Competitive Landscape

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

Keep Exploring