Montenegro (MNE) and Azerbaijan (AZE) Trade | The Observatory of Economic Complexity

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Montenegro-Azerbaijan Trade: In 2022, Montenegro exported $207k to Azerbaijan. The main products that Montenegro exported to Azerbaijan were Packaged Medicaments ($185k), Electrical Control Boards ($16k), and Non-Knit Women's Suits ($3.24k). Over the past 5 years the exports of Montenegro to Azerbaijan have increased at an annualized rate of 11.9%, from $118k in 2017 to $207k in 2022.

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

Azerbaijan-Montenegro Trade: In 2022, Azerbaijan exported $21.9k to Montenegro. The main products that Azerbaijan exported to Montenegro were Petroleum Gas ($20.1k), Other Fermented Beverages ($1.04k), and Flavored Water ($389). Over the past 5 years the exports of Azerbaijan to Montenegro have decreased at an annualized rate of 6.1%, from $30k in 2017 to $21.9k in 2022.

In 2022, Azerbaijan 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, Azerbaijan ranked 83 in the Economic Complexity Index (ECI -0.44), and 65 in total exports ($38.9B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $207k to Azerbaijan. The main products exported from Montenegro to Azerbaijan were Packaged Medicaments ($185k), Electrical Control Boards ($16k), and Non-Knit Women's Suits ($3.24k). During the last 5 years the exports of Montenegro to Azerbaijan have increased at an annualized rate of 11.9%, from $118k in 2017 to $207k in 2022.

In 2017, Azerbaijan exported $21.9k to Montenegro. The main products exported from Azerbaijan to Montenegro were Petroleum Gas ($20.1k), Other Fermented Beverages ($1.04k), and Flavored Water ($389). During the last 5 years the exports of Azerbaijan to Montenegro have decreased at an annualized rate of 6.1%, from $30k in 2022 to $21.9k in 2017.

Exports from Montenegro () to Azerbaijan () (2022)

Exports from Azerbaijan () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Azerbaijan ()

Montenegro Exports

Date

Azerbaijan Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Azerbaijan
Top DestinationItaly$18.3B

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

In 2022, countries that imported more from Montenegro than Azerbaijan included South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

In 2022, countries that imported more from Azerbaijan than Montenegro included Italy ($18.3B), Turkey ($3.57B), and Israel ($1.68B).

Difference in imports from Azerbaijan () and Montenegro () (2022)

Comparative Advantage Montenegro - Azerbaijan

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Azerbaijan in the exports of Chemical Products ($185k), Machines ($16k), and Textiles ($4.26k).

During 2017, Azerbaijan had a large net trade with Montenegro in the exports of Mineral Products ($20.1k), Foodstuffs ($1.43k), and Machines ($363).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

This visualization shows the product space at the HS4 level with the flags of Montenegro and Azerbaijan. This means that a dot/product with the flag of Montenegro indicates it has a comparative advantage over Azerbaijan. Similarly, a dot/product with the flag of Azerbaijan indicates it has a comparative advantage over Montenegro.

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Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Azerbaijan () (2022)

Exports from Azerbaijan () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Azerbaijan ()

Montenegro Exports

Azerbaijan Exports

Market Competitiveness

Difference in imports from Azerbaijan () and Montenegro () (2022)

Comparative Advantage Montenegro - Azerbaijan

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Montenegro () and Azerbaijan () (2022)

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