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

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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 5 years the exports of Paraguay to Montenegro have decreased at an annualized rate of 13%, from $132k in 2017 to $66.1k in 2022.

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

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 5 years the exports of Montenegro to Paraguay have increased at an annualized rate of 0.76%, from $3.33k in 2017 to $3.48k in 2022.

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

Comparison In 2022, Paraguay ranked 81 in the Economic Complexity Index (ECI -0.34), and 103 in total exports ($10.1B). 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, 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 2017 to $66.1k in 2022.

In 2017, 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 5 years the exports of Montenegro to Paraguay have increased at an annualized rate of 0.76%, from $3.33k in 2022 to $3.48k in 2017.

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

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

Latest Data

Trade between Paraguay () and Montenegro ()

Paraguay Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Paraguay
Top DestinationBrazil$3.67B

Montenegro
Top DestinationSouth Korea$321M

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

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

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

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

Comparative Advantage Paraguay - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Paraguay had a large net trade with Montenegro in the exports of Vegetable Products ($64.3k) and Foodstuffs ($1.72k).

During 2017, Montenegro had a large net trade with Paraguay in the exports of Stone And Glass ($2.73k) and Machines ($753).

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Paraguay () and Montenegro ()

Paraguay Exports

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Paraguay - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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