Montenegro (MNE) and Ireland (IRL) Trade | The Observatory of Economic Complexity

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Montenegro-Ireland Trade: In 2022, Montenegro exported $36.6k to Ireland. The main products that Montenegro exported to Ireland were Diazo, Azo or Aoxy Compounds ($9.64k), Paintings ($6.31k), and Knit T-shirts ($3.19k). Over the past 5 years the exports of Montenegro to Ireland have decreased at an annualized rate of 2.67%, from $41.9k in 2017 to $36.6k in 2022.

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

Ireland-Montenegro Trade: In 2022, Ireland exported $9.23M to Montenegro. The main products that Ireland exported to Montenegro were Packaged Medicaments ($2.31M), Vaccines, blood, antisera, toxins and cultures ($1.65M), and Jewellery ($920k). Over the past 5 years the exports of Ireland to Montenegro have decreased at an annualized rate of 4.72%, from $11.8M in 2017 to $9.23M in 2022.

In 2022, Ireland 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, Ireland ranked 18 in the Economic Complexity Index (ECI 1.27), and 31 in total exports ($236B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $36.6k to Ireland. The main products exported from Montenegro to Ireland were Diazo, Azo or Aoxy Compounds ($9.64k), Paintings ($6.31k), and Knit T-shirts ($3.19k). During the last 5 years the exports of Montenegro to Ireland have decreased at an annualized rate of 2.67%, from $41.9k in 2017 to $36.6k in 2022.

In 2017, Ireland exported $9.23M to Montenegro. The main products exported from Ireland to Montenegro were Packaged Medicaments ($2.31M), Vaccines, blood, antisera, toxins and cultures ($1.65M), and Jewellery ($920k). During the last 5 years the exports of Ireland to Montenegro have decreased at an annualized rate of 4.72%, from $11.8M in 2022 to $9.23M in 2017.

Exports from Montenegro () to Ireland () (2022)

Exports from Ireland () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Ireland ()

Montenegro Exports

Date

Ireland Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Ireland
Top DestinationUnited States$70.7B

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

In 2022, countries that imported more from Montenegro than Ireland included Bosnia and Herzegovina ($95.5M), Serbia ($159M), and Albania ($21.9M).

In 2022, countries that imported more from Ireland than Montenegro included United States ($70.7B), Germany ($28.6B), and United Kingdom ($19B).

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

Comparative Advantage Montenegro - Ireland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Ireland in the exports of Chemical Products ($10.6k), Machines ($9.28k), and Arts and Antiques ($6.31k).

During 2017, Ireland had a large net trade with Montenegro in the exports of Chemical Products ($4.69M), Foodstuffs ($1.48M), and Instruments ($962k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Ireland () (2022)

Exports from Ireland () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Ireland ()

Montenegro Exports

Ireland Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Ireland

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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