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2022
Flag → Flag
Exports $1.49MRnk 124 / 196
2022
Flag → Flag
Top Product $556kRubber Tires
2022
Flag → Flag
Exports $5.1MRnk 8 / 123
2022
Flag → Flag
Top Product $36.9MRaw Aluminium
2022
Flag  
GDP$82.3BCURRENT US$
Rnk 71 / 186
2012-2022
Flag
GDP GROWTH37.6%CURRENT US$
Rnk 87 / 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 $126,426CURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP PC GROWTH12.3%CURRENT US$
Rnk 108 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Luxembourg-Montenegro Trade: In 2022, Luxembourg exported $1.49M to Montenegro. The main products that Luxembourg exported to Montenegro were Rubber Tires ($556k), Cellulose Fibers Paper ($138k), and Chocolate ($105k). Over the past 5 years the exports of Luxembourg to Montenegro have increased at an annualized rate of 1.16%, from $1.41M in 2017 to $1.49M in 2022.

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

Montenegro-Luxembourg In N/A, Montenegro did not export any products to Luxembourg.

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

Comparison In 2022,  Luxembourg ranked 78 in total exports ($20.5B). That same year, Montenegro ranked 154 in total exports ($1.32B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Luxembourg exported $1.49M to Montenegro. The main products exported from Luxembourg to Montenegro were Rubber Tires ($556k), Cellulose Fibers Paper ($138k), and Chocolate ($105k). During the last 5 years the exports of Luxembourg to Montenegro have increased at an annualized rate of 1.16%, from $1.41M in 2017 to $1.49M in 2022.

Montenegro does not register exports to Luxembourg. The main products exported from Montenegro to Luxembourg were Raw Aluminium ($36.9M), Lead Ore ($1.34M), and Plastic Building Materials ($312k).

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

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

Latest Data

Trade between Luxembourg (Flag) and Montenegro (Flag)

Luxembourg Exports

Montenegro Exports

Market Competitiveness

Color
Luxembourg
Top DestinationGermany$4.15B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Luxembourg than Montenegro included Germany ($4.15B), France ($3.07B), and Belgium ($2.09B).

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

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

Comparative Advantage Luxembourg - Montenegro

Flow
Scale

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

During 2022, Luxembourg had a large net trade with Montenegro in the exports of Plastics and Rubbers ($713k), Foodstuffs ($186k), and Machines ($143k).

Economic Complexity

Competitive Landscape

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

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

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