Barbados (BRB) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

About

Barbados-Montenegro Trade: In 2022, Barbados exported $26.9k to Montenegro. The main products that Barbados exported to Montenegro were Hard Liquor ($23.4k), Knit T-shirts ($3k), and Refined Petroleum ($462). Over the past 5 years the exports of Barbados to Montenegro have increased at an annualized rate of 21%, from $10.4k in 2017 to $26.9k in 2022.

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

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

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

Comparison In 2022, Barbados ranked 176 in total exports ($393M). That same year, Montenegro ranked 154 in total exports ($1.32B). 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 2022, Barbados exported $26.9k to Montenegro. The main products exported from Barbados to Montenegro were Hard Liquor ($23.4k), Knit T-shirts ($3k), and Refined Petroleum ($462). During the last 5 years the exports of Barbados to Montenegro have increased at an annualized rate of 21%, from $10.4k in 2017 to $26.9k in 2022.

Montenegro does not register exports to Barbados. The main products exported from Montenegro to Barbados were Other Knit Garments ($4.08k).

Exports from Barbados () to Montenegro () (2022)

Exports from Montenegro () to Barbados () (2022)

Latest Data

Trade between Barbados () and Montenegro ()

Barbados Exports

Date

Feb 2018

Sep 2017

Apr 2014

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Barbados
Top DestinationUnited States$88.6M

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Barbados than Montenegro included United States ($88.6M), Jamaica ($43.3M), and Trinidad and Tobago ($33.8M).

In 2022, countries that imported more from Montenegro than Barbados included South Korea ($321M), Serbia ($159M), and Italy ($125M).

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

Comparative Advantage Barbados - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Barbados had a large net trade with Montenegro in the exports of Foodstuffs ($23.4k), Textiles ($3k), and Mineral Products ($462).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Barbados () to Montenegro () (2022)

Exports from Montenegro () to Barbados () (2022)

Latest Data

Trade between Barbados () and Montenegro ()

Barbados Exports

Market Competitiveness

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

Comparative Advantage Barbados - Montenegro

Economic Complexity

Competitive Landscape

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

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