Montenegro (MNE) and Croatia (HRV) Trade | The Observatory of Economic Complexity

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Montenegro-Croatia Trade: In 2022, Montenegro exported $10.6M to Croatia. The main products that Montenegro exported to Croatia were Orthopedic Appliances ($2.26M), Fuel Wood ($1.07M), and Tug Boats ($933k). Over the past 5 years the exports of Montenegro to Croatia have increased at an annualized rate of 9.11%, from $6.88M in 2017 to $10.6M in 2022.

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

Croatia-Montenegro Trade: In 2022, Croatia exported $330M to Montenegro. The main products that Croatia exported to Montenegro were Refined Petroleum ($111M), Cement ($24.5M), and Recreational Boats ($14.3M). Over the past 5 years the exports of Croatia to Montenegro have increased at an annualized rate of 12.1%, from $187M in 2017 to $330M in 2022.

In 2009, Croatia exported services to Montenegro worth $42.3M, with Travel ($42.3M) being the largest in terms of value.

Comparison In 2022, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Croatia ranked 34 in the Economic Complexity Index (ECI 0.8), and 73 in total exports ($26B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $10.6M to Croatia. The main products exported from Montenegro to Croatia were Orthopedic Appliances ($2.26M), Fuel Wood ($1.07M), and Tug Boats ($933k). During the last 5 years the exports of Montenegro to Croatia have increased at an annualized rate of 9.11%, from $6.88M in 2017 to $10.6M in 2022.

In 2017, Croatia exported $330M to Montenegro. The main products exported from Croatia to Montenegro were Refined Petroleum ($111M), Cement ($24.5M), and Recreational Boats ($14.3M). During the last 5 years the exports of Croatia to Montenegro have increased at an annualized rate of 12.1%, from $187M in 2022 to $330M in 2017.

Exports from Montenegro () to Croatia () (2022)

Exports from Croatia () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Croatia ()

Montenegro Exports

Date

Croatia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Croatia
Top DestinationItaly$3.44B

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

In 2022, countries that imported more from Montenegro than Croatia included South Korea ($321M), Luxembourg ($38.7M), and Hong Kong ($22.4M).

In 2022, countries that imported more from Croatia than Montenegro included Italy ($3.44B), Slovenia ($2.87B), and Germany ($2.82B).

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

Comparative Advantage Montenegro - Croatia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Croatia in the exports of Instruments ($2.39M), Transportation ($2.19M), and Wood Products ($1.41M).

During 2017, Croatia had a large net trade with Montenegro in the exports of Mineral Products ($144M), Machines ($38.5M), and Foodstuffs ($37.6M).

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Croatia () (2022)

Exports from Croatia () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Croatia ()

Montenegro Exports

Croatia Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Croatia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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