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2022
Flag → Flag
Exports $439kRnk 49 / 123
2022
Flag → Flag
Top Product $435kMilitary Weapons
2022
Flag → Flag
Exports $29.9kRnk 113 / 133
2022
Flag → Flag
Top Product $24.7kSawn Wood
2022
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Economic Complexity (ECI) ECI -1.32Rnk 122 / 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$72.8BCURRENT US$
Rnk 77 / 186
2012-2022
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GDP GROWTH76.5%CURRENT US$
Rnk 26 / 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$2,176CURRENT US$
Rnk 147 / 186
2012-2022
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GDP PC GROWTH41.6%CURRENT US$
Rnk 46 / 186

About

Montenegro-Ghana In 2022, Montenegro exported $439k to Ghana. The main products that Montenegro exported to Ghana are Military Weapons ($435k), Electrical Control Boards ($2.83k), and Knit Men's Suits ($1.14k). During the last 15 years the exports of Montenegro to Ghana have increased at an annualized rate of 71.7%, from $132 in 2007 to $439k in 2022.

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

Ghana-Montenegro In 2022, Ghana exported $29.9k to Montenegro. The main products that Ghana exported to Montenegro were Sawn Wood ($24.7k), Cocoa Powder ($2.22k), and Shaped Wood ($1.41k). During the last 15 years the exports of Ghana to Montenegro have decreased at an annualized rate of 4.65%, from $61.1k in 2007 to $29.9k in 2022.

In 2022, Ghana 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, Ghana ranked 122 in the Economic Complexity Index (ECI -1.32), and 79 in total exports ($20B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $439k to Ghana. The main products exported from Montenegro to Ghana were Military Weapons ($435k), Electrical Control Boards ($2.83k), and Knit Men's Suits ($1.14k). During the last 15 years the exports of Montenegro to Ghana have increased at an annualized rate of 71.7%, from $132 in 2007 to $439k in 2022.

In 2022, Ghana exported $29.9k to Montenegro. The main products exported from Ghana to Montenegro were Sawn Wood ($24.7k), Cocoa Powder ($2.22k), and Shaped Wood ($1.41k). During the last 16 years the exports of Ghana to Montenegro have decreased at an annualized rate of 4.65%, from $61.1k in 2006 to $29.9k in 2022.

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

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

Latest Data

Trade between Montenegro (Flag) and Ghana (Flag)

Montenegro Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Ghana
Top DestinationUnited Arab Emirates$4.72B

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

In 2021, countries that imported more from Montenegro than Ghana were South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

In 2021, countries that imported more from Ghana than Montenegro were United Arab Emirates ($4.72B), Switzerland ($3.37B), and United States ($2.83B).

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

Comparative Advantage Montenegro - Ghana

Flow
Scale

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

During 2022, Montenegro had a large net trade with Ghana in the exports of Weapons ($435k), Machines ($2.83k), and Textiles ($1.56k).

During 2022, Ghana had a large net trade with Montenegro in the exports of Wood Products ($26.1k), Foodstuffs ($3.08k), and Vegetable Products ($732).

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

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

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