Montenegro (MNE) and Georgia (GEO) Trade | The Observatory of Economic Complexity

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Montenegro-Georgia Trade: In 2022, Montenegro exported $19M to Georgia. The main products that Montenegro exported to Georgia were Copper Ore ($17.4M), Fireworks ($1.17M), and Aircraft Parts ($290k). Over the past 6 years the exports of Montenegro to Georgia have increased at an annualized rate of 348%, from $2.34k in 2016 to $19M in 2022.

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

Georgia-Montenegro Trade: In 2022, Georgia exported $257k to Montenegro. The main products that Georgia exported to Montenegro were Other Nuts ($219k), Wine ($7.61k), and Water ($6.84k). Over the past 6 years the exports of Georgia to Montenegro have increased at an annualized rate of 12.5%, from $143k in 2016 to $257k in 2022.

In 2022, Georgia 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, Georgia ranked 64 in the Economic Complexity Index (ECI 0.036), and 118 in total exports ($6.82B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $19M to Georgia. The main products exported from Montenegro to Georgia were Copper Ore ($17.4M), Fireworks ($1.17M), and Aircraft Parts ($290k). During the last 6 years the exports of Montenegro to Georgia have increased at an annualized rate of 348%, from $2.34k in 2016 to $19M in 2022.

In 2017, Georgia exported $257k to Montenegro. The main products exported from Georgia to Montenegro were Other Nuts ($219k), Wine ($7.61k), and Water ($6.84k). During the last 5 years the exports of Georgia to Montenegro have increased at an annualized rate of 12.5%, from $143k in 2022 to $257k in 2017.

Exports from Montenegro () to Georgia () (2022)

Exports from Georgia () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Georgia ()

Montenegro Exports

Date

Georgia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Georgia
Top DestinationChina$759M

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

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

In 2022, countries that imported more from Georgia than Montenegro included China ($759M), Azerbaijan ($668M), and Russia ($642M).

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

Comparative Advantage Montenegro - Georgia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Georgia in the exports of Mineral Products ($17.4M), Chemical Products ($1.18M), and Transportation ($290k).

During 2017, Georgia had a large net trade with Montenegro in the exports of Vegetable Products ($220k), Foodstuffs ($18.7k), and Textiles ($14.6k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Georgia () (2022)

Exports from Georgia () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Georgia ()

Montenegro Exports

Georgia Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Georgia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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