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2022
Flag → Flag
Exports $371Rnk 115 / 123
2022
Flag → Flag
Top Product $371Waterproof Footwear
2022
Flag → Flag
Exports $757kRnk 140 / 187
2022
Flag → Flag
Top Product $269kCut Flowers
2022
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Economic Complexity (ECI) ECI 0.11Rnk 58 / 133
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$344BCURRENT US$
Rnk 43 / 186
2012-2022
Flag
GDP GROWTH-7.22%CURRENT US$
Rnk 172 / 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
2022
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GDP PC$6,630CURRENT US$
Rnk 98 / 186
2012-2022
Flag
GDP PC GROWTH-18.1%CURRENT US$
Rnk 169 / 186

About

Montenegro-Colombia In 2022, Montenegro exported $371 to Colombia. The main products that Montenegro exported to Colombia are Waterproof Footwear ($371). During the last 16 years the exports of Montenegro to Colombia have decreased at an annualized rate of 34.5%, from $322k in 2006 to $371 in 2022.

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

Colombia-Montenegro In 2022, Colombia exported $757k to Montenegro. The main products that Colombia exported to Montenegro were Cut Flowers ($269k), Bananas ($237k), and Raw Sugar ($140k). During the last 16 years the exports of Colombia to Montenegro have increased at an annualized rate of 13.7%, from $97.6k in 2006 to $757k in 2022.

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

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Colombia ranked 58 in the Economic Complexity Index (ECI 0.11), and 53 in total exports ($60.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $371 to Colombia. The main products exported from Montenegro to Colombia were Waterproof Footwear ($371). During the last 16 years the exports of Montenegro to Colombia have decreased at an annualized rate of 34.5%, from $322k in 2006 to $371 in 2022.

In 2022, Colombia exported $757k to Montenegro. The main products exported from Colombia to Montenegro were Cut Flowers ($269k), Bananas ($237k), and Raw Sugar ($140k). During the last 16 years the exports of Colombia to Montenegro have increased at an annualized rate of 13.7%, from $97.6k in 2006 to $757k in 2022.

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

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

Latest Data

Trade between Montenegro (Flag) and Colombia (Flag)

Montenegro Exports

Colombia Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Colombia
Top DestinationUnited States$15.6B

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

In 2021, countries that imported more from Montenegro than Colombia were Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Luxembourg ($38.7M).

In 2021, countries that imported more from Colombia than Montenegro were United States ($15.6B), Panama ($5.84B), and Netherlands ($3.67B).

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

Comparative Advantage Montenegro - Colombia

Flow
Scale

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

During 2022, Montenegro had a large net trade with Colombia in the exports of Footwear and Headwear ($371).

During 2022, Colombia had a large net trade with Montenegro in the exports of Vegetable Products ($586k), Foodstuffs ($147k), and Textiles ($15k).

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

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

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