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2022
Flag → Flag
Exports $6.89MRnk 161 / 215
2022
Flag → Flag
Top Product $1.6MComputers
2022
Flag → Flag
Exports $5.49MRnk 27 / 123
2022
Flag → Flag
Top Product $3.33MElectrical Lighting and Signalling Equipment
2022
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Economic Complexity (ECI) ECI 0.92Rnk 31 / 133
2022
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GDP$2.14TCURRENT US$
Rnk 9 / 186
2012-2022
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GDP GROWTH17%CURRENT US$
Rnk 129 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $54,966CURRENT US$
Rnk 14 / 186
2012-2022
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GDP PC GROWTH4.36%CURRENT US$
Rnk 130 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Canada-Montenegro In 2022, Canada exported $6.89M to Montenegro. The main products that Canada exported to Montenegro are Computers ($1.6M), Office Machine Parts ($1.53M), and Cars ($756k). During the last 16 years the exports of Canada to Montenegro have increased at an annualized rate of 10.9%, from $1.31M in 2006 to $6.89M in 2022.

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

Montenegro-Canada In 2022, Montenegro exported $5.49M to Canada. The main products that Montenegro exported to Canada were Electrical Lighting and Signalling Equipment ($3.33M), Electric Motors ($1.25M), and Wine ($176k). During the last 16 years the exports of Montenegro to Canada have increased at an annualized rate of 17%, from $442k in 2006 to $5.49M in 2022.

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

Comparison In 2022,  Canada ranked 31 in the Economic Complexity Index (ECI 0.92),  and 9 in total exports ($587B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

February, 2024

About

Overview In February 2024, Canada exported C$102k and imported C$81.6k from Montenegro, resulting in a positive trade balance of C$20k. Between February 2023 and February 2024 the exports of Canada have decreased by C$-23.6k (-18.8%) from C$125k to C$102k, while imports increased by C$61.7k (309%) from C$19.9k to C$81.6k.

Trade In February 2024, the top exports of Canada to Montenegro were Commodities not elsewhere specified (C$28k), Unglazed Ceramics (C$13.5k), and Cars (C$4k). In February 2024 the top imports of Canada from Montenegro were Lifting Machinery (C$144k), Electric Motors (C$90.4k), Centrifuges (C$25k), Air Pumps (C$16.4k), and Computers (C$6.62k).

Origins In February 2024 the exports of Canada were mainly from Ontario (C$102k), while imports destinations were mainly Ontario (C$77.9k), Saskatchewan (C$2.99k), Quebec (C$658), British Columbia (C$29), and Manitoba (C$17).

Growth In February 2024, the decrease in Canada's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Cars (C$-40k or -90.9%) and Commodities not elsewhere specified (C$-30.6k or -52.2%). In February 2024, the increase in Canada's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in Computers (C$2.1k or 46.5%), Navigation Equipment (C$1.76k or 982%), and Transmissions (C$87 or 40.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (February 2023 - February 2024)C$-23.6k(-18.8%)
IMPORT GROWTH (February 2023 - February 2024)C$61.7k(309%)
MAIN EXPORTER (February 2024)OntarioC$102k

This section shows exports and imports data at subnational level for Canada. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Canada over time.

To check Montenegro and Canada trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Montenegro and Canada Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Canada exported $6.89M to Montenegro. The main products exported from Canada to Montenegro were Computers ($1.6M), Office Machine Parts ($1.53M), and Cars ($756k). During the last 16 years the exports of Canada to Montenegro have increased at an annualized rate of 10.9%, from $1.31M in 2006 to $6.89M in 2022.

In 2022, Montenegro exported $5.49M to Canada. The main products exported from Montenegro to Canada were Electrical Lighting and Signalling Equipment ($3.33M), Electric Motors ($1.25M), and Wine ($176k). During the last 16 years the exports of Montenegro to Canada have increased at an annualized rate of 17%, from $442k in 2006 to $5.49M in 2022.

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

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

Market Competitiveness

Color
Canada
Top DestinationUnited States$438B
Montenegro
Top DestinationSouth Korea$321M

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

In 2021, countries that imported more from Canada than Montenegro were United States ($438B), China ($25.4B), and Japan ($14.3B).

In 2021, countries that imported more from Montenegro than Canada were Serbia ($159M), Bosnia and Herzegovina ($95.5M), and North Macedonia ($8.7M).

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

Comparative Advantage Canada - Montenegro

Flow
Scale

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

During 2022, Canada had a large net trade with Montenegro in the exports of Machines ($3.38M), Transportation ($926k), and Animal Products ($723k).

During 2022, Montenegro had a large net trade with Canada in the exports of Machines ($5.04M), Foodstuffs ($187k), and Paper Goods ($129k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Canada has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Canada.

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

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