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Pricing

2022
Flag → Flag
Exports $20.7MRnk 159 / 224
2022
Flag → Flag
Top Product $3.58MCars
2022
Flag → Flag
Exports $5.45kRnk 30 / 123
2022
Flag → Flag
Top Product $1.01MTransmissions
2022
Flag
Economic Complexity (ECI) ECI 1.38Rnk 12 / 124
2022
Flag  
GDP$3.07TCURRENT US$
Rnk 6 / 186
2012-2022
Flag
GDP GROWTH13.5%CURRENT US$
Rnk 139 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC $45,850CURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP PC GROWTH7.92%CURRENT US$
Rnk 122 / 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

United Kingdom-Montenegro In 2022, United Kingdom exported $20.7M to Montenegro. The main products that United Kingdom exported to Montenegro are Cars ($3.58M), Hard Liquor ($3.13M), and Packaged Medicaments ($2.99M). During the last 16 years the exports of United Kingdom to Montenegro have increased at an annualized rate of 0.31%, from $19.7M in 2006 to $20.7M in 2022.

In 2022, United Kingdom did not export any services to Montenegro.

Montenegro-United Kingdom In 2022, Montenegro exported $3.85M to United Kingdom. The main products that Montenegro exported to United Kingdom were Transmissions ($1.01M), Thermostats ($769k), and Iron Pipe Fittings ($209k). During the last 16 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 0.79%, from $4.38M in 2006 to $3.85M in 2022.

In 2022, Montenegro did not export any services to United Kingdom.

Comparison In 2022,  United Kingdom ranked 12 in the Economic Complexity Index (ECI 1.38),  and 14 in total exports ($469B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, United Kingdom exported £1.12M and imported £165k from Montenegro, resulting in a positive trade balance of £952k. Between January 2023 and January 2024 the exports of United Kingdom have increased by £558k (99.8%) from £559k to £1.12M, while imports decreased by £-36.4k (-18%) from £202k to £165k.

Trade In January 2024, the top exports of United Kingdom to Montenegro were Hard Liquor (£126k), Video and Card Games (£91.5k), Aircraft parts including unmanned craft (£52.1k), Coffee (£47.1k), and Electrical Control Boards (£33.3k). In January 2024 the top imports of United Kingdom from Montenegro were Frozen Vegetables (£72.2k), Broadcasting Equipment (£64.4k), Transmissions (£54.1k), and LCDs (£11.1k).

Origins In January 2024 the exports of United Kingdom were mainly from Dover Eurotunnel (£984k), East Midlands Airport (£53.7k), London Heathrow Airport (£40k), Dover (£27.9k), and London Stansted Airport (£1.45k), while imports destinations were mainly London (£99.8k), Dagenham (£30.5k), London Heathrow Airport (£29.8k), and East Midlands Airport (£1.6k).

Growth In January 2024, the increase in United Kingdom's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Video and Card Games (£89.8k or 5.49k%), Blank Audio Media (£15.5k or 168%), and Commodities not elsewhere specified (£12.2k or 393%). In January 2024, the decrease in United Kingdom's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in Transmissions (£-110k or -67.1%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)£558k(99.8%)
IMPORT GROWTH (January 2023 - January 2024)£-36.4k(-18%)
MAIN EXPORTER (January 2024)Dover Eurotunnel£984k

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

To check Montenegro and United Kingdom trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Montenegro and United Kingdom Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United Kingdom exported $20.7M to Montenegro. The main products exported from United Kingdom to Montenegro were Cars ($3.58M), Hard Liquor ($3.13M), and Packaged Medicaments ($2.99M). During the last 11 years the exports of United Kingdom to Montenegro have increased at an annualized rate of 38,7%, from $66.6M in 2011 to $20.7M in 2022.

In 2022, Montenegro exported $3.85M to United Kingdom. The main products exported from Montenegro to United Kingdom were Transmissions ($1.01M), Thermostats ($769k), and Iron Pipe Fittings ($209k). During the last 8 years the exports of Montenegro to United Kingdom have decreased at an annualized rate of 55,4%, from $39.1M in 2011 to $3.85M in 2022.

Exports from United Kingdom (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to United Kingdom (Flag) (2022)

Market Competitiveness

Color
United Kingdom
Top DestinationUnited States$61.8B
Montenegro
Top DestinationSouth Korea$321M

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

In 2021, countries that imported more from United Kingdom than Montenegro were United States ($61.8B), Netherlands ($41.9B), and Germany ($40.6B).

In 2021, countries that imported more from Montenegro than United Kingdom were Bosnia and Herzegovina ($95.5M).

Difference in imports from Montenegro (Flag) and United Kingdom (Flag) (2022)

Comparative Advantage United Kingdom - Montenegro

Flow
Scale

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

During 2022, United Kingdom had a large net trade with Montenegro in the exports of Chemical Products ($5.11M), Transportation ($4.27M), and Foodstuffs ($3.83M).

During 2022, Montenegro had a large net trade with United Kingdom in the exports of Machines ($1.73M), Instruments ($984k), and Metals ($691k).

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 United Kingdom has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over United Kingdom.

Product Space of United Kingdom (Flag) and Montenegro (Flag) (2022)

Keep Exploring

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