Nepal (NPL) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

About

Nepal-Montenegro Trade: In 2022, Nepal exported $6.67k to Montenegro. The main products that Nepal exported to Montenegro were Percussion ($3.05k), Trunks and Cases ($1.74k), and Scarves ($1.41k). Over the past 6 years the exports of Nepal to Montenegro have increased at an annualized rate of 136%, from $39 in 2016 to $6.67k in 2022.

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

Montenegro-Nepal Trade: In 2022, Montenegro exported $203 to Nepal. The main products that Montenegro exported to Nepal were Non-Knit Active Wear ($126), Valves ($46), and Carded Wool or Animal Hair Fabric ($31). Over the past 6 years the exports of Montenegro to Nepal have decreased at an annualized rate of 62.5%, from $27.5k in 2016 to $203 in 2022.

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

Comparison In 2022, Nepal ranked 153 in total exports ($1.43B). That same year, Montenegro ranked 154 in total exports ($1.32B). 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, Nepal exported $6.67k to Montenegro. The main products exported from Nepal to Montenegro were Percussion ($3.05k), Trunks and Cases ($1.74k), and Scarves ($1.41k). During the last 6 years the exports of Nepal to Montenegro have increased at an annualized rate of 136%, from $39 in 2016 to $6.67k in 2022.

In 2017, Montenegro exported $203 to Nepal. The main products exported from Montenegro to Nepal were Non-Knit Active Wear ($126), Valves ($46), and Carded Wool or Animal Hair Fabric ($31). During the last 5 years the exports of Montenegro to Nepal have decreased at an annualized rate of 62.5%, from $27.5k in 2022 to $203 in 2017.

Exports from Nepal () to Montenegro () (2022)

Exports from Montenegro () to Nepal () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Nepal
Top DestinationIndia$956M

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Nepal than Montenegro included India ($956M), United States ($152M), and Singapore ($25.5M).

In 2022, countries that imported more from Montenegro than Nepal included South Korea ($321M), Serbia ($159M), and Italy ($125M).

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

Comparative Advantage Nepal - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Nepal had a large net trade with Montenegro in the exports of Instruments ($3.05k), Animal Hides ($1.74k), and Textiles ($1.42k).

During 2017, Montenegro had a large net trade with Nepal in the exports of Textiles ($157) and Machines ($46).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Nepal () to Montenegro () (2022)

Exports from Montenegro () to Nepal () (2022)

Market Competitiveness

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

Comparative Advantage Nepal - Montenegro

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring