Madagascar (MDG) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

About

Madagascar-Montenegro Trade: In 2022, Madagascar exported $33.2k to Montenegro. The main products that Madagascar exported to Montenegro were Cloves ($6.94k), Non-Knit Women's Shirts ($5.72k), and Bedspreads ($3.89k). Over the past 5 years the exports of Madagascar to Montenegro have decreased at an annualized rate of 9.01%, from $53.2k in 2017 to $33.2k in 2022.

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

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

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

Comparison In 2022, Madagascar ranked 115 in the Economic Complexity Index (ECI -1.08), and 133 in total exports ($4.25B). 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, Madagascar exported $33.2k to Montenegro. The main products exported from Madagascar to Montenegro were Cloves ($6.94k), Non-Knit Women's Shirts ($5.72k), and Bedspreads ($3.89k). During the last 5 years the exports of Madagascar to Montenegro have decreased at an annualized rate of 9.01%, from $53.2k in 2017 to $33.2k in 2022.

Montenegro does not register exports to Madagascar.

Exports from Madagascar () to Montenegro () (2022)

Exports from Montenegro () to Madagascar () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Madagascar
Top DestinationUnited States$756M

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Madagascar than Montenegro included United States ($756M), France ($634M), and China ($538M).

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

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

Comparative Advantage Madagascar - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Madagascar had a large net trade with Montenegro in the exports of Textiles ($16.4k), Vegetable Products ($10.8k), and Animal Hides ($2.26k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Madagascar () to Montenegro () (2022)

Exports from Montenegro () to Madagascar () (2022)

Market Competitiveness

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

Comparative Advantage Madagascar - Montenegro

Economic Complexity

Competitive Landscape

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

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