NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $621kRnk 44 / 130
2023
Flag → Flag
Top Product $551kHard Liquor
2023
Flag → Flag
Exports $34.5MRnk 164 / 220
2023
Flag → Flag
Top Product $5.82MRaw Aluminium
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
Flag
GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC$2,481CURRENT US$
Rnk 148 / 196
2013-2023
Flag
GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 195

About

Montenegro-India Trade: In 2023, Montenegro exported $621k to India. The main products that Montenegro exported to India were Hard Liquor ($551k), Sawn Wood ($37k), and Semiconductor Devices ($14k). Over the past 5 years the exports of Montenegro to India have increased at an annualized rate of 48.6%, from $85.7k in 2018 to $621k in 2023.

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

India-Montenegro Trade: In 2023, India exported $34.5M to Montenegro. The main products that India exported to Montenegro were Raw Aluminium ($5.82M), Unglazed Ceramics ($4.58M), and Coffee ($2.82M). Over the past 5 years the exports of India to Montenegro have decreased at an annualized rate of 2.4%,  from $38.9M in 2018 to $34.5M in 2023.

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

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, India ranked 39 in the Economic Complexity Index (ECI 0.65), and 12 in total exports ($441B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $621k to India. The main products exported from Montenegro to India were Hard Liquor ($551k), Sawn Wood ($37k), and Semiconductor Devices ($14k). During the last 5 years the exports of Montenegro to India have increased at an annualized rate of 48.6%, from $85.7k in 2018 to $621k in 2023.

In 2018, India exported $34.5M to Montenegro. The main products exported from India to Montenegro were Raw Aluminium ($5.82M), Unglazed Ceramics ($4.58M), and Coffee ($2.82M). During the last 5 years the exports of India to Montenegro have decreased at an annualized rate of 2.4%, from $38.9M in 2023 to $34.5M in 2018.

Exports from Montenegro (Flag) to India (Flag) (2023)

Exports from India (Flag) to Montenegro (Flag) (2023)

Latest Data

Trade between Montenegro (Flag) and India (Flag)

Montenegro Exports

India Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
India
Top DestinationUnited States$85.5B

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

In 2023, no countries were registered that imported more from Montenegro than from India.

In 2023, countries that imported more from India than Montenegro included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

Difference in imports from India (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - India

Flow
Scale

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

During 2023, Montenegro had a large net trade with India in the exports of Foodstuffs ($552k), Wood Products ($37k), and Machines ($28.6k).

During 2018, India had a large net trade with Montenegro in the exports of Metals ($7.12M), Stone And Glass ($5.02M), and Machines ($4.4M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and India (Flag) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms