Bermuda (BMU) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

About

Bermuda-Montenegro Trade: In 2023, Bermuda exported $11.7k to Montenegro. The main products that Bermuda exported to Montenegro were Coffee and Tea Extracts ($9.28k) and Knit T-shirts ($2.45k). Over the past 12 years the exports of Bermuda to Montenegro have increased at an annualized rate of 53.2%, from $70 in 2011 to $11.7k in 2023.

In 2023, Bermuda did not export any services to Montenegro.

Montenegro-Bermuda In N/A, Montenegro did not export any products to Bermuda.

In 2023, Montenegro did not export any services to Bermuda.

Comparison In 2023, Bermuda ranked 179 in total exports ($254M). That same year, Montenegro ranked 151 in total exports ($1.53B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Bermuda exported $11.7k to Montenegro. The main products exported from Bermuda to Montenegro were Coffee and Tea Extracts ($9.28k) and Knit T-shirts ($2.45k). During the last 12 years the exports of Bermuda to Montenegro have increased at an annualized rate of 53.2%, from $70 in 2011 to $11.7k in 2023.

Montenegro does not register exports to Bermuda.

Exports from Bermuda () to Montenegro () (2023)

Exports from Montenegro () to Bermuda () (2023)

Latest Data

Trade between Bermuda () and Montenegro ()

Montenegro Exports

Date

Apr 2016

Aug 2014

Sep 2013

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bermuda
Top DestinationGermany$101M

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Bermuda than Montenegro included South Africa ($96.3M), Germany ($101M), and Netherlands ($37.9M).

In 2023, countries that imported more from Montenegro than Bermuda included Italy ($576M), Serbia ($202M), and Spain ($91.1M).

Difference in imports from Montenegro () and Bermuda () (2023)

Comparative Advantage Bermuda - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Bermuda had a large net trade with Montenegro in the exports of Foodstuffs ($9.28k) and Textiles ($2.45k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Bermuda () to Montenegro () (2023)

Exports from Montenegro () to Bermuda () (2023)

Latest Data

Trade between Bermuda () and Montenegro ()

Montenegro Exports

Market Competitiveness

Difference in imports from Montenegro () and Bermuda () (2023)

Comparative Advantage Bermuda - Montenegro

Economic Complexity

Competitive Landscape

Product Space of Bermuda () and Montenegro () (2023)

Keep Exploring