Montenegro (MNE) and Paraguay (PRY) Trade | The Observatory of Economic Complexity

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Montenegro-Paraguay Trade: In 2022, Montenegro exported $3.48k to Paraguay. The main products that Montenegro exported to Paraguay were Porcelain Tableware ($1.86k), Interior Decorative Glassware ($868), and Low-voltage Protection Equipment ($430). Over the past 8 years the exports of Montenegro to Paraguay have decreased at an annualized rate of 34.7%, from $105k in 2014 to $3.48k in 2022.

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

Paraguay-Montenegro Trade: In 2022, Paraguay exported $66.1k to Montenegro. The main products that Paraguay exported to Montenegro were Other Oily Seeds ($55.9k), Dried Fruits ($8.47k), and Other Edible Preparations ($1.72k). Over the past 8 years the exports of Paraguay to Montenegro have decreased at an annualized rate of 13%, from $132k in 2014 to $66.1k in 2022.

In 2022, Paraguay 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, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $3.48k to Paraguay. The main products exported from Montenegro to Paraguay were Porcelain Tableware ($1.86k), Interior Decorative Glassware ($868), and Low-voltage Protection Equipment ($430). During the last 8 years the exports of Montenegro to Paraguay have decreased at an annualized rate of 34.7%, from $105k in 2014 to $3.48k in 2022.

In 2017, Paraguay exported $66.1k to Montenegro. The main products exported from Paraguay to Montenegro were Other Oily Seeds ($55.9k), Dried Fruits ($8.47k), and Other Edible Preparations ($1.72k). During the last 5 years the exports of Paraguay to Montenegro have decreased at an annualized rate of 13%, from $132k in 2022 to $66.1k in 2017.

Exports from Montenegro () to Paraguay () (2022)

Exports from Paraguay () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Paraguay ()

Montenegro Exports

Date

Paraguay Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Paraguay
Top DestinationBrazil$3.67B

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

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

In 2022, countries that imported more from Paraguay than Montenegro included Brazil ($3.67B), Argentina ($1.91B), and Chile ($1.16B).

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

Comparative Advantage Montenegro - Paraguay

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Paraguay in the exports of Stone And Glass ($2.73k) and Machines ($753).

During 2017, Paraguay had a large net trade with Montenegro in the exports of Vegetable Products ($64.3k) and Foodstuffs ($1.72k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Paraguay () (2022)

Exports from Paraguay () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Paraguay ()

Montenegro Exports

Paraguay Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Paraguay

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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