Montenegro (MNE) and Belgium (BEL) Trade | The Observatory of Economic Complexity

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Montenegro-Belgium Trade: In 2022, Montenegro exported $778k to Belgium. The main products that Montenegro exported to Belgium were Delivery Trucks ($458k), Small Iron Containers ($61.4k), and Tractors ($46.3k). Over the past 5 years the exports of Montenegro to Belgium have decreased at an annualized rate of 41.5%, from $11.4M in 2017 to $778k in 2022.

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

Belgium-Montenegro Trade: In 2022, Belgium exported $23.3M to Montenegro. The main products that Belgium exported to Montenegro were Petroleum Gas ($4.83M), Pig Meat ($1.7M), and Packaged Medicaments ($1.67M). Over the past 5 years the exports of Belgium to Montenegro have increased at an annualized rate of 11.6%, from $13.5M in 2017 to $23.3M in 2022.

In 2022, Belgium 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, Belgium ranked 19 in the Economic Complexity Index (ECI 1.25), and 13 in total exports ($475B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $778k to Belgium. The main products exported from Montenegro to Belgium were Delivery Trucks ($458k), Small Iron Containers ($61.4k), and Tractors ($46.3k). During the last 5 years the exports of Montenegro to Belgium have decreased at an annualized rate of 41.5%, from $11.4M in 2017 to $778k in 2022.

In 2017, Belgium exported $23.3M to Montenegro. The main products exported from Belgium to Montenegro were Petroleum Gas ($4.83M), Pig Meat ($1.7M), and Packaged Medicaments ($1.67M). During the last 5 years the exports of Belgium to Montenegro have increased at an annualized rate of 11.6%, from $13.5M in 2022 to $23.3M in 2017.

Exports from Montenegro () to Belgium () (2022)

Exports from Belgium () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Belgium ()

Montenegro Exports

Date

Belgium Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Belgium
Top DestinationGermany$91.9B

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

In 2022, no countries were registered that imported more from Montenegro than from Belgium.

In 2022, countries that imported more from Belgium than Montenegro included Germany ($91.9B), France ($71.1B), and Netherlands ($65.7B).

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

Comparative Advantage Montenegro - Belgium

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Belgium in the exports of Transportation ($537k), Metals ($108k), and Machines ($83.5k).

During 2017, Belgium had a large net trade with Montenegro in the exports of Mineral Products ($5.42M), Chemical Products ($4.57M), and Foodstuffs ($3.2M).

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 Belgium. This means that a dot/product with the flag of Montenegro indicates it has a comparative advantage over Belgium. Similarly, a dot/product with the flag of Belgium indicates it has a comparative advantage over Montenegro.

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Belgium () (2022)

Exports from Belgium () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Belgium ()

Montenegro Exports

Belgium Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Belgium

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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