Somalia (SOM) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Somalia-Montenegro Trade: In 2022, Somalia exported $401 to Montenegro. The main products that Somalia exported to Montenegro were Leather Footwear ($401). Over the past 8 years the exports of Somalia to Montenegro have decreased at an annualized rate of 5.62%, from $637 in 2014 to $401 in 2022.

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

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

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

Comparison In 2022, Somalia ranked 167 in total exports ($569M). 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, Somalia exported $401 to Montenegro. The main products exported from Somalia to Montenegro were Leather Footwear ($401). During the last 8 years the exports of Somalia to Montenegro have decreased at an annualized rate of 5.62%, from $637 in 2014 to $401 in 2022.

Montenegro does not register exports to Somalia.

Exports from Somalia () to Montenegro () (2022)

Exports from Montenegro () to Somalia () (2022)

Latest Data

Trade between Somalia () and Montenegro ()

Montenegro Exports

Date

Jul 2020

May 2020

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Somalia
Top DestinationUnited Arab Emirates$283M

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Somalia than Montenegro included United Arab Emirates ($283M), Oman ($173M), and India ($15.6M).

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

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

Comparative Advantage Somalia - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Somalia had a large net trade with Montenegro in the exports of Footwear and Headwear ($401).

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

About

Historical Data

Bilateral Trade by Products

Exports from Somalia () to Montenegro () (2022)

Exports from Montenegro () to Somalia () (2022)

Latest Data

Trade between Somalia () and Montenegro ()

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Somalia - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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