Venezuela (VEN) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Venezuela-Montenegro Trade: In 2023, Venezuela exported $2.22M to Montenegro. The main products that Venezuela exported to Montenegro were Raw Aluminium ($2.17M), Hard Liquor ($38k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($11.4k). Over the past 5 years the exports of Venezuela to Montenegro have increased at an annualized rate of 284%, from $2.66k in 2018 to $2.22M in 2023.

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

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

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

Comparison In 2023, Venezuela ranked 100 in the Economic Complexity Index (ECI -0.82), and 113 in total exports ($7.63B). 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, Venezuela exported $2.22M to Montenegro. The main products exported from Venezuela to Montenegro were Raw Aluminium ($2.17M), Hard Liquor ($38k), and Acyclic alcohol derivatives (halogenated, sulphonated, nitrated) ($11.4k). During the last 5 years the exports of Venezuela to Montenegro have increased at an annualized rate of 284%, from $2.66k in 2018 to $2.22M in 2023.

Montenegro does not register exports to Venezuela.

Exports from Venezuela () to Montenegro () (2023)

Exports from Montenegro () to Venezuela () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Venezuela
Top DestinationUnited States$3.81B

Montenegro
Top DestinationItaly$576M

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 2023, countries that imported more from Venezuela than Montenegro included United States ($3.81B), China ($739M), and Spain ($670M).

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

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

Comparative Advantage Venezuela - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Venezuela had a large net trade with Montenegro in the exports of Metals ($2.17M), Foodstuffs ($38.3k), and Chemical Products ($11.4k).

Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

Exports from Venezuela () to Montenegro () (2023)

Exports from Montenegro () to Venezuela () (2023)

Market Competitiveness

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

Comparative Advantage Venezuela - Montenegro

Economic Complexity

Competitive Landscape

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

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