Montenegro (MNE) and Peru (PER) Trade | The Observatory of Economic Complexity

About

Montenegro-Peru Trade: In 2022, Montenegro exported $22.3k to Peru. The main products that Montenegro exported to Peru were Cars ($8.88k), Valves ($6.11k), and Gas and Liquid Flow Measuring Instruments ($6.05k). Over the past 5 years the exports of Montenegro to Peru have decreased at an annualized rate of 19.2%, from $64.8k in 2017 to $22.3k in 2022.

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

Peru-Montenegro Trade: In 2022, Peru exported $359k to Montenegro. The main products that Peru exported to Montenegro were Tropical Fruits ($99.5k), Other Vegetables ($77.3k), and Processed Crustaceans ($20.7k). Over the past 5 years the exports of Peru to Montenegro have increased at an annualized rate of 2%, from $325k in 2017 to $359k in 2022.

In 2022, Peru 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, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $22.3k to Peru. The main products exported from Montenegro to Peru were Cars ($8.88k), Valves ($6.11k), and Gas and Liquid Flow Measuring Instruments ($6.05k). During the last 5 years the exports of Montenegro to Peru have decreased at an annualized rate of 19.2%, from $64.8k in 2017 to $22.3k in 2022.

In 2017, Peru exported $359k to Montenegro. The main products exported from Peru to Montenegro were Tropical Fruits ($99.5k), Other Vegetables ($77.3k), and Processed Crustaceans ($20.7k). During the last 5 years the exports of Peru to Montenegro have increased at an annualized rate of 2%, from $325k in 2022 to $359k in 2017.

Exports from Montenegro () to Peru () (2022)

Exports from Peru () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Peru ()

Montenegro Exports

Date

Feb 2017

Aug 2014

Jul 2013

Peru Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Peru
Top DestinationChina$17.6B

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

In 2022, countries that imported more from Montenegro than Peru included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Slovenia ($55M).

In 2022, countries that imported more from Peru than Montenegro included China ($17.6B), United States ($8.69B), and Japan ($2.83B).

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

Comparative Advantage Montenegro - Peru

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Peru in the exports of Transportation ($8.88k), Machines ($7.34k), and Instruments ($6.05k).

During 2017, Peru had a large net trade with Montenegro in the exports of Vegetable Products ($244k), Textiles ($50.1k), and Foodstuffs ($37.5k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Peru () (2022)

Exports from Peru () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Peru ()

Montenegro Exports

Peru Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Peru

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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