Montenegro (MNE) and South Korea (KOR) Trade | OEC - The Observatory of Economic Complexity

About

Montenegro-South Korea In 2021, Montenegro exported $47.2M to South Korea. The main products that Montenegro exported to South Korea are Copper Ore ($29.5M), Lead Ore ($17.4M), and Chlorates and Perchlorates ($240k). During the last 15 years the exports of Montenegro to South Korea have increased at an annualized rate of 66.4%, from $22.7k in 2006 to $47.2M in 2021.

In 2021, Montenegro did not export any services to South Korea.

South Korea-Montenegro In 2021, South Korea exported $13.9M to Montenegro. The main products that South Korea exported to Montenegro were Large Construction Vehicles ($3.76M), Video Displays ($1.75M), and Cars ($1.46M). During the last 15 years the exports of South Korea to Montenegro have increased at an annualized rate of 1.07%, from $11.8M in 2006 to $13.9M in 2021.

In 2021, South Korea did not export any services to Montenegro.

Comparison In 2021, Montenegro ranked 165 in total exports ($828M), and does not have data regarding Economic Complexity Index. That same year, South Korea ranked 4 in the Economic Complexity Index (ECI 1.82), and 5 in total exports ($653B).

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Montenegro exported $47.2M to South Korea. The main products exported from Montenegro to South Korea were Copper Ore ($29.5M), Lead Ore ($17.4M), and Chlorates and Perchlorates ($240k). During the last 15 years the exports of Montenegro to South Korea have increased at an annualized rate of 66.4%, from $22.7k in 2006 to $47.2M in 2021.

In 2021, South Korea exported $13.9M to Montenegro. The main products exported from South Korea to Montenegro were Large Construction Vehicles ($3.76M), Video Displays ($1.75M), and Cars ($1.46M). During the last 15 years the exports of South Korea to Montenegro have increased at an annualized rate of 1.07%, from $11.8M in 2006 to $13.9M in 2021.

Latest Data

Montenegro Exports

Date

South Korea Exports

Date

Market Competitiveness

Color

SectionYear

Montenegro
Top Destination: Serbia, $130M

South Korea
Top Destination: China, $158B

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

In 2021, countries that imported more from Montenegro than South Korea were San Marino ($431k) and Norfolk Island ($950).

In 2021, countries that imported more from South Korea than Montenegro were China ($158B), United States ($95.9B), and Vietnam ($56.5B).

Comparative Advantage Montenegro - South Korea

Flow

Scale

Year

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

During 2021, Montenegro had a large net trade with South Korea in the exports of Mineral Products ($46.9M), Chemical Products ($240k), and Stone And Glass ($79.1k).

During 2021, South Korea had a large net trade with Montenegro in the exports of Machines ($7.36M), Transportation ($2.16M), and Plastics and Rubbers ($1.79M).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Montenegro has comparative advantage over South Korea. Similarly, the more yellow a dot/product is, the more South Korea has comparative advantage over Montenegro.

About

Historical Data

Bilateral Trade by Products

Latest Data

Montenegro Exports

South Korea Exports

Market Competitiveness

Comparative Advantage Montenegro - South Korea

Economic Complexity

Competitive Landscape

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