Montenegro (MNE) and Serbia (SRB) Trade | The Observatory of Economic Complexity

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Montenegro-Serbia Trade: In 2022, Montenegro exported $159M to Serbia. The main products that Montenegro exported to Serbia were Packaged Medicaments ($33.7M), Electricity ($29.9M), and Preserved Meat ($14.2M). Over the past 5 years the exports of Montenegro to Serbia have increased at an annualized rate of 14%, from $82.6M in 2017 to $159M in 2022.

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

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

In 2009, Serbia exported services to Montenegro worth $156M, with Other business services ($42.8M), Construction services ($30.9M), and Travel ($19.1M) being the largest in terms of value.

Comparison In 2022, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $159M to Serbia. The main products exported from Montenegro to Serbia were Packaged Medicaments ($33.7M), Electricity ($29.9M), and Preserved Meat ($14.2M). During the last 5 years the exports of Montenegro to Serbia have increased at an annualized rate of 14%, from $82.6M in 2017 to $159M in 2022.

Serbia does not register exports to Montenegro.

Exports from Montenegro () to Serbia () (2022)

Exports from Serbia () to Montenegro () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Serbia
Top DestinationGermany$4B

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

In 2022, countries that imported more from Montenegro than Serbia included Luxembourg ($38.7M), Indonesia ($9.55M), and San Marino ($2.1M).

In 2022, countries that imported more from Serbia than Montenegro included Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

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

Comparative Advantage Montenegro - Serbia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Serbia in the exports of Mineral Products ($43.7M), Chemical Products ($35.3M), and Animal Products ($19.4M).

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

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Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Serbia () (2022)

Exports from Serbia () to Montenegro () (2022)

Market Competitiveness

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

Comparative Advantage Montenegro - Serbia

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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