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2022
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Exports | Imports $6.58M | $41.2M220 of 226 |  221 of 226

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Overview In 2022 Montserrat was the number 220 economy in the world in terms of total exports and the number 221 in total imports.

Exports The top exports of Montserrat are Sand ($1.53M), Gravel and Crushed Stone ($1.28M), Packaged Medicaments ($899k), Other Lead Products ($325k), and Liquid Pumps ($195k), exporting mostly to United States ($1.54M), France ($1.37M), Antigua and Barbuda ($1.23M), Ireland ($985k), and United Kingdom ($473k).

Imports The top imports of Montserrat are Refined Petroleum ($4.33M), Office Machine Parts ($1.94M), Machinery Having Individual Functions ($1.39M), Petroleum Gas ($1.02M), and Stone Processing Machines ($786k), importing mostly from United States ($22.3M), United Kingdom ($3.49M), Singapore ($1.7M), Antigua and Barbuda ($1.59M), and Trinidad and Tobago ($1.51M).

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

Latest Trends

Latest Trade

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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 (2022)Sand$1.53M
Top Destination (2022)United States$1.54M

In 2022, Montserrat exported a total of $6.58M, making it the number 220 exporter in the world. During the last five reported years the exports of Montserrat have changed by -$6.66M from $13.2M in 2017 to $6.58M in 2022.

The most recent exports are led by Sand ($1.53M), Gravel and Crushed Stone ($1.28M), Packaged Medicaments ($899k), Other Lead Products ($325k), and Liquid Pumps ($195k). The most common destination for the exports of Montserrat are United States ($1.54M), France ($1.37M), Antigua and Barbuda ($1.23M), Ireland ($985k), and United Kingdom ($473k).

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Exports (2022)
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Destinations (2022)
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Market Growth

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Growth
Fastest Growing Export Markets (2021 - 2022)
Ireland$936k (+ 1.91k%)
United Kingdom$437k (+ 1.23k%)
United Arab Emirates$127k (+ 2.76k%)
Fastest Growing Import Markets (2021 - 2022)
United States$15.2M (+ 211%)
United Kingdom$2.15M (+ 160%)
South Korea$1.5M (+ 52.2k%)

Total Export Growth by Market (2021 - 2022)

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 (2.36k), Gravel and Crushed Stone (1.35k), Building Stone (41.4), Opto-Electric Instrument Parts (34.8), and Special Pharmaceuticals (33.7). Specialization is measured using RCA, an index that takes the ratio between Montserrat observed and expected exports in each product.

Export Opportunities by Relatedness

The top export opportunities for Montserrat according to the relatedness index, were Scrap Iron (0.058), Scrap Copper (0.057), Collector's Items (0.056), Hard Liquor (0.056), and Recreational Boats (0.056). 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 (2022)

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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