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2023
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Exports | Imports $6.05M | $52.9M218 of 226 |  218 of 226

About

Overview In 2023 Montserrat was the number 218 economy in the world in terms of total exports and the number 218 in total imports.

Exports The top exports of Montserrat are Gravel and Crushed Stone ($1.27M), Sand ($1.22M), Aircraft Launch Gear ($701k), Pharmaceutical Rubber Products ($328k), and Insulated Wire ($315k), exporting mostly to United States ($1.49M), Antigua and Barbuda ($796k), Guyana ($768k), Egypt ($701k), and France ($608k).

Imports The top imports of Montserrat are Refined Petroleum ($7.17M), Electric Generating Sets ($2.02M), Cars ($1.27M), Stone Processing Machines ($1.27M), and X-Ray Equipment ($1.12M), importing mostly from United States ($32.6M), Antigua and Barbuda ($3.12M), United Kingdom ($2.43M), Belgium ($2.22M), and Trinidad and Tobago ($1.82M).

Location Montserrat borders Saint Kitts and Nevis by land and Antigua and Barbuda, France, and Venezuela by sea.

Latest Trends

Latest Trade

Flow
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Y-AXIS SCALE

The following section uses the most recent trade data from partners of Montserrat.

Disclaimer: data is presented based on availability and only countries that use the harmonized system are being shown.

* Trade values are converted to USD using each month's exchange rate. For December 2023 data, the exchange rate from December 30, 2023 is used.

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Latest Data

Flow
Color
Depth

The data obtained is mirror data. The trade of countries that do not report current data can be reconstructed based on data reported by partner countries with current data available.

*All data is converted to USD using January 2020 exchange rates when data is reported in local currency.

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Historical Data

Yearly Trade

Flow
Color
Depth
Top Export (2023)Gravel and Crushed Stone$1.27M
Top Destination (2023)United States$1.49M

In 2023, Montserrat exported a total of $6.05M, making it the number 218 exporter in the world. During the last five reported years the exports of Montserrat have changed by -$4.1M from $10.1M in 2018 to $6.05M in 2023.

The most recent exports are led by Gravel and Crushed Stone ($1.27M), Sand ($1.22M), Aircraft Launch Gear ($701k), Pharmaceutical Rubber Products ($328k), and Insulated Wire ($315k). The most common destination for the exports of Montserrat are United States ($1.49M), Antigua and Barbuda ($796k), Guyana ($768k), Egypt ($701k), and France ($608k).

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Exports (2023)
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Destinations (2023)
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Market Growth

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Growth
Fastest Growing Export Markets (2022 - 2023)
Egypt$671k (+ 2.21k%)
Switzerland$152k (+ 1.78k%)
China$76k (+ 677%)
Fastest Growing Import Markets (2022 - 2023)
United States$6.28M (+ 23.9%)
Belgium$2.21M (+ 26k%)
Antigua and Barbuda$1.43M (+ 84.7%)

Total Export Growth by Market (2022 - 2023)

Potential Exports

Potential Exports

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Service Trade

Service Trade

Montserrat Exports Services (2013)$13.9M
Montserrat Imports Services (2013)$17.7M

In 2013, Montserrat exported $13.9M worth of services. The top services exported by Montserrat in 2013 were Travel ($7.59M), Computer and information services ($3.36M), Sea transport ($1.02M), Air transport ($900k), and Miscellaneous business, professional, and technical services ($688k).

The top services imported by Montserrat in 2013 were Sea transport ($3.99M), Government services, n.i.e. ($3.61M), Miscellaneous business, professional, and technical services ($3.55M), Travel ($3.05M), and Computer and information services ($3.02M).

Service Exports (2013)

Service Imports (2013)

Economic Complexity

Most Specialized Products by RCA Index

Montserrat has a high level of specialization in Sand (1.77k), Gravel and Crushed Stone (1.31k), Aircraft Launch Gear (970), Pharmaceutical Rubber Products (803), and Pepper (135). Specialization is measured using RCA, an index that takes the ratio between Montserrat observed and expected exports in each product.

Most Complex Products by PCI

The highest complexity exports of Montserrat according to the product complexity index (PCI) are Instruments and apparatus; for physical or chemical analysis (e.g. polarimeters, spectrometers), for... (1.65), Gaskets and similar joints of metal sheeting combined with other material or... (1.49), Transmission shafts (including cam and crank) and cranks; bearing housings and plain... (1.41), Air or vacuum pumps, air or other gas compressors and fans; ventilating... (1.16), and Regulating or controlling instruments and apparatus; automatic type (1.15). PCI measures the knowledge intensity of a product by considering the knowledge intensity of its exporters.

Export Opportunities by Relatedness

The top export opportunities for Montserrat according to the relatedness index, were Low-voltage Protection Equipment (0.066), Plastic Pipes (0.062), Electrical Resistors (0.062), Live Fish (0.061), and Knitted Hats (0.061). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Montserrat is not specialized in.

Product Space

The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.

Relatedness Space

This network shows the products most related to the production structure of Montserrat. These are products that tend to be co-exported with the products that Montserrat exports. Higher relatedness values ​​indicate greater knowledge, which predicts a greater probability of exporting that product in the future.

Relatedness Space (2023)

Diversification Frontier

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Depth

The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities. Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.

Diversification Frontier

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