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

About

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.

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.

Comparison In 2022, Peru ranked 93 in the Economic Complexity Index (ECI -0.6), and 54 in total exports ($59.4B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 2017 to $359k in 2022.

In 2017, 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 2022 to $22.3k in 2017.

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

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

Latest Data

Trade between Peru () and Montenegro ()

Peru Exports

Date

Montenegro Exports

Date

Feb 2017

Aug 2014

Jul 2013

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Peru
Top DestinationChina$17.6B

Montenegro
Top DestinationSouth Korea$321M

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

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

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

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

Comparative Advantage Peru - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Peru had a large net trade with Montenegro in the exports of Vegetable Products ($244k), Textiles ($50.1k), and Foodstuffs ($37.5k).

During 2017, Montenegro had a large net trade with Peru in the exports of Transportation ($8.88k), Machines ($7.34k), and Instruments ($6.05k).

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Peru () and Montenegro ()

Peru Exports

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Peru - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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