Montenegro (MNE) and Cayman Islands (CYM) Trade | The Observatory of Economic Complexity

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Montenegro-Cayman Islands Trade: In 2022, Montenegro exported $1.66M to Cayman Islands. The main products that Montenegro exported to Cayman Islands were Recreational Boats ($1.55M), Transmissions ($81.4k), and Additive manufacturing machines ($14.8k). Over the past 6 years the exports of Montenegro to Cayman Islands have increased at an annualized rate of 119%, from $14.9k in 2016 to $1.66M in 2022.

In 2022, Montenegro did not export any services to Cayman Islands.

Cayman Islands-Montenegro Trade: In 2022, Cayman Islands exported $1.55M to Montenegro. The main products that Cayman Islands exported to Montenegro were Recreational Boats ($1.55M), Plastic Building Materials ($39), and Electrical Lighting and Signalling Equipment ($22). Over the past 6 years the exports of Cayman Islands to Montenegro have increased at an annualized rate of 232%, from $1.15k in 2016 to $1.55M in 2022.

In 2022, Cayman Islands did not export any services to Montenegro.

Comparison In 2022, Montenegro ranked 154 in total exports ($1.32B). That same year, Cayman Islands ranked 165 in total exports ($737M). 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, Montenegro exported $1.66M to Cayman Islands. The main products exported from Montenegro to Cayman Islands were Recreational Boats ($1.55M), Transmissions ($81.4k), and Additive manufacturing machines ($14.8k). During the last 6 years the exports of Montenegro to Cayman Islands have increased at an annualized rate of 119%, from $14.9k in 2016 to $1.66M in 2022.

In 2017, Cayman Islands exported $1.55M to Montenegro. The main products exported from Cayman Islands to Montenegro were Recreational Boats ($1.55M), Plastic Building Materials ($39), and Electrical Lighting and Signalling Equipment ($22). During the last 5 years the exports of Cayman Islands to Montenegro have increased at an annualized rate of 232%, from $1.15k in 2022 to $1.55M in 2017.

Exports from Montenegro () to Cayman Islands () (2022)

Exports from Cayman Islands () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Cayman Islands ()

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Cayman Islands
Top DestinationMalta$218M

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

In 2022, countries that imported more from Montenegro than Cayman Islands included South Korea ($321M), Serbia ($159M), and Switzerland ($116M).

In 2022, countries that imported more from Cayman Islands than Montenegro included Malta ($218M), Norway ($163M), and Seychelles ($121M).

Difference in imports from Cayman Islands () and Montenegro () (2022)

Comparative Advantage Montenegro - Cayman Islands

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Cayman Islands in the exports of Transportation ($1.55M), Machines ($96.2k), and Instruments ($11.8k).

During 2017, Cayman Islands had a large net trade with Montenegro in the exports of Transportation ($1.55M), Plastics and Rubbers ($39), and Machines ($22).

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Cayman Islands () (2022)

Exports from Cayman Islands () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Cayman Islands ()

Montenegro Exports

Market Competitiveness

Difference in imports from Cayman Islands () and Montenegro () (2022)

Comparative Advantage Montenegro - Cayman Islands

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Montenegro () and Cayman Islands () (2022)

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