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2022
Flag → Flag
Exports $75.9MRnk 15 / 126
2022
Flag → Flag
Top Product $75.9MRaw Aluminium
2022
Flag → Flag
Exports $43.5MRnk 54 / 0
2022
Flag
Economic Complexity (ECI) ECI -0.87Rnk 107 / 133
2022
Flag
 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$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Venezuela-Montenegro Trade: In 2022, Venezuela exported $75.9M to Montenegro. The main products that Venezuela exported to Montenegro were Raw Aluminium ($75.9M), Acyclic Alcohols ($44.4k), and Hard Liquor ($34.7k). Over the past 5 years the exports of Venezuela to Montenegro have increased at an annualized rate of 374%, from $31.8k in 2017 to $75.9M in 2022.

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

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

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

Comparison In 2022,  Venezuela ranked 107 in the Economic Complexity Index (ECI -0.87),  and 132 in total exports ($4.3B). 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, Venezuela exported $75.9M to Montenegro. The main products exported from Venezuela to Montenegro were Raw Aluminium ($75.9M), Acyclic Alcohols ($44.4k), and Hard Liquor ($34.7k). During the last 5 years the exports of Venezuela to Montenegro have increased at an annualized rate of 374%, from $31.8k in 2017 to $75.9M in 2022.

Montenegro does not register exports to Venezuela.

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

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

Market Competitiveness

Color
Venezuela
Top DestinationChina$703M
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Venezuela than Montenegro included China ($703M), Turkey ($597M), and Spain ($518M).

In 2022, countries that imported more from Montenegro than Venezuela included South Korea ($321M), Serbia ($159M), and Switzerland ($116M).

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

Comparative Advantage Venezuela - Montenegro

Flow
Scale

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

During 2022, Venezuela had a large net trade with Montenegro in the exports of Metals ($75.9M), Chemical Products ($44.4k), and Foodstuffs ($34.7k).

Economic Complexity

Competitive Landscape

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

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

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