2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$264BCURRENT US$
Rnk 48 / 186
2012-2022
Flag
GDP GROWTH
21.2%CURRENT US$
Rnk 118 / 186
2022
Flag
GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC
$5,937CURRENT US$
Rnk 104 / 186
2012-2022
Flag
GDP PC GROWTH
-7.77%CURRENT US$
Rnk 158 / 186

About

Montenegro-Iraq Trade: In 2022, Montenegro exported $6.18k to Iraq. The main products that Montenegro exported to Iraq were Knit T-shirts ($1.83k), Textile Footwear ($1.32k), and Non-Knit Women's Suits ($1.2k). Over the past 7 years the exports of Montenegro to Iraq have decreased at an annualized rate of 38.4%, from $184k in 2015 to $6.18k in 2022.

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

Iraq-Montenegro Trade: In 2022, Iraq exported $117 to Montenegro. The main products that Iraq exported to Montenegro were Electric Filament ($109) and Integrated Circuits ($8). Over the past 7 years the exports of Iraq to Montenegro have decreased at an annualized rate of 21.6%,  from $395 in 2015 to $117 in 2022.

In 2022, Iraq 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, Iraq ranked 103 in the Economic Complexity Index (ECI -0.84), and 36 in total exports ($123B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $6.18k to Iraq. The main products exported from Montenegro to Iraq were Knit T-shirts ($1.83k), Textile Footwear ($1.32k), and Non-Knit Women's Suits ($1.2k). During the last 7 years the exports of Montenegro to Iraq have decreased at an annualized rate of 38.4%, from $184k in 2015 to $6.18k in 2022.

In 2017, Iraq exported $117 to Montenegro. The main products exported from Iraq to Montenegro were Electric Filament ($109) and Integrated Circuits ($8). During the last 5 years the exports of Iraq to Montenegro have decreased at an annualized rate of 21.6%, from $395 in 2022 to $117 in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Iraq (Flag)

Montenegro Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Iraq
Top Destination
India$38.8B

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

In 2022, countries that imported more from Montenegro than Iraq included Switzerland ($116M), Bosnia and Herzegovina ($95.5M), and Slovenia ($55M).

In 2022, countries that imported more from Iraq than Montenegro included India ($38.8B), China ($34B), and United States ($10.3B).

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

Comparative Advantage Montenegro - Iraq

Flow
Scale

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

During 2022, Montenegro had a large net trade with Iraq in the exports of Textiles ($3.03k), Footwear and Headwear ($1.8k), and Animal Hides ($815).

During 2017, Iraq had a large net trade with Montenegro in the exports of Machines ($117).

Economic Complexity

Competitive Landscape

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

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

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with