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2022
Flag → Flag
Exports $570Rnk 133 / 142
2022
Flag → Flag
Top Product $283Non-Knit Men's Coats
2022
Flag → Flag
Exports $11.4kRnk 95 / 123
2022
Flag → Flag
Top Product $5.7kHard Liquor
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag  
GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC $966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Rwanda-Montenegro Trade: In 2022, Rwanda exported $570 to Montenegro. The main products that Rwanda exported to Montenegro were Non-Knit Men's Coats ($283), Coffee ($237), and Tea ($50). Over the past 11 years the exports of Rwanda to Montenegro have increased at an annualized rate of 4.92%, from $336 in 2011 to $570 in 2022.

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

Montenegro-Rwanda Trade: In 2022, Montenegro exported $11.4k to Rwanda. The main products that Montenegro exported to Rwanda were Hard Liquor ($5.7k), Motor vehicles; parts and accessories (8701 to 8705) ($2.92k), and Electric Filament ($1.27k). Over the past 11 years the exports of Montenegro to Rwanda have increased at an annualized rate of 26%,  from $2.85k in 2011 to $11.4k in 2022.

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

Comparison In 2022,  Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53),  and 147 in total exports ($1.77B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Rwanda exported $570 to Montenegro. The main products exported from Rwanda to Montenegro were Non-Knit Men's Coats ($283), Coffee ($237), and Tea ($50). During the last 11 years the exports of Rwanda to Montenegro have increased at an annualized rate of 4.92%, from $336 in 2011 to $570 in 2022.

In 2017, Montenegro exported $11.4k to Rwanda. The main products exported from Montenegro to Rwanda were Hard Liquor ($5.7k), Motor vehicles; parts and accessories (8701 to 8705) ($2.92k), and Electric Filament ($1.27k). During the last 5 years the exports of Montenegro to Rwanda have increased at an annualized rate of 26%, from $2.85k in 2022 to $11.4k in 2017.

Exports from Rwanda (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to Rwanda (Flag) (2022)

Market Competitiveness

Color
Rwanda
Top DestinationUnited Arab Emirates$568M
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Rwanda than Montenegro included United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), and Thailand ($83.9M).

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

Difference in imports from Montenegro (Flag) and Rwanda (Flag) (2022)

Comparative Advantage Rwanda - Montenegro

Flow
Scale

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

During 2022, Rwanda had a large net trade with Montenegro in the exports of Vegetable Products ($287) and Textiles ($283).

During 2017, Montenegro had a large net trade with Rwanda in the exports of Foodstuffs ($5.7k), Transportation ($2.92k), and Machines ($2.77k).

Economic Complexity

Competitive Landscape

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

Product Space of Rwanda (Flag) and Montenegro (Flag) (2022)

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