Bolivia (BOL) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Bolivia-Montenegro Trade: In 2022, Bolivia exported $43.5k to Montenegro. The main products that Bolivia exported to Montenegro were Coconuts, Brazil Nuts, and Cashews ($40k), Cinnamon ($1.92k), and Other Oily Seeds ($1.46k). Over the past 5 years the exports of Bolivia to Montenegro have increased at an annualized rate of 1.58%, from $40.2k in 2017 to $43.5k in 2022.

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

Montenegro-Bolivia Trade: In 2022, Montenegro exported $1.46k to Bolivia. The main products that Montenegro exported to Bolivia were Centrifuges ($802), Transmissions ($381), and Excavation Machinery ($250). Over the past 5 years the exports of Montenegro to Bolivia have decreased at an annualized rate of 12.8%, from $13.2k in 2017 to $1.46k in 2022.

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

Comparison In 2022, Bolivia ranked 106 in the Economic Complexity Index (ECI -0.85), and 93 in total exports ($13.8B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

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Overview In N/A, Bolivia exported $N/A and imported $N/A from Montenegro, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of Bolivia have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of Bolivia to Montenegro were . In N/A the top imports of Bolivia from Montenegro were Filtering or purifying machinery and apparatus,... ($123).

Origins In N/A the exports of Bolivia were mainly from N/A, while imports destinations were mainly N/A.

Growth In N/A, the N/A in Bolivia's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in . In N/A, the N/A in Bolivia's year-by-year imports from Montenegro was explained primarily by an decrease in product imports in .

Latest Trade

Time Scale

Year

Quarter

Month

Flow

Exports

Imports

Value

Trade Value

Growth

Growth (%)

This section shows exports and imports data at subnational level for Bolivia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Bolivia over time.

To check Montenegro and Bolivia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Bolivia exported $43.5k to Montenegro. The main products exported from Bolivia to Montenegro were Coconuts, Brazil Nuts, and Cashews ($40k), Cinnamon ($1.92k), and Other Oily Seeds ($1.46k). During the last 5 years the exports of Bolivia to Montenegro have increased at an annualized rate of 1.58%, from $40.2k in 2017 to $43.5k in 2022.

In 2017, Montenegro exported $1.46k to Bolivia. The main products exported from Montenegro to Bolivia were Centrifuges ($802), Transmissions ($381), and Excavation Machinery ($250). During the last 5 years the exports of Montenegro to Bolivia have decreased at an annualized rate of 12.8%, from $13.2k in 2022 to $1.46k in 2017.

Exports from Bolivia () to Montenegro () (2022)

Exports from Montenegro () to Bolivia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Bolivia
Top DestinationIndia$2.27B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Bolivia than Montenegro included India ($2.27B), Brazil ($1.89B), and Argentina ($1.76B).

In 2022, countries that imported more from Montenegro than Bolivia included Serbia ($159M), Switzerland ($116M), and Bosnia and Herzegovina ($95.5M).

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

Comparative Advantage Bolivia - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Bolivia had a large net trade with Montenegro in the exports of Vegetable Products ($43.3k) and Foodstuffs ($112).

During 2017, Montenegro had a large net trade with Bolivia in the exports of Machines ($1.43k), Stone And Glass ($25), and Transportation ($6).

Economic Complexity

Competitive Landscape

Year

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

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from Bolivia () to Montenegro () (2022)

Exports from Montenegro () to Bolivia () (2022)

Market Competitiveness

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

Comparative Advantage Bolivia - Montenegro

Economic Complexity

Competitive Landscape

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

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