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

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Serbia-Montenegro In 2022, Serbia exported $1.15B to Montenegro. The main products that Serbia exported to Montenegro are Electricity ($145M), Packaged Medicaments ($39M), and Cars ($32.2M). During the last 16 years the exports of Serbia to Montenegro have increased at an annualized rate of 4.03%, from $614M in 2006 to $1.15B in 2022.

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.

Montenegro-Serbia 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). During the last 16 years the exports of Montenegro to Serbia have decreased at an annualized rate of 0.99%, from $187M in 2006 to $159M in 2022.

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

Comparison In 2022, Serbia ranked 35 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Serbia exported $1.15B to Montenegro. The main products exported from Serbia to Montenegro were Electricity ($145M), Packaged Medicaments ($39M), and Cars ($32.2M). During the last 16 years the exports of Serbia to Montenegro have increased at an annualized rate of 4.03%, from $614M in 2006 to $1.15B in 2022.

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 16 years the exports of Montenegro to Serbia have decreased at an annualized rate of 0.99%, from $187M in 2006 to $159M in 2022.

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

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

Latest Data

Trade between Serbia () and Montenegro ()

Serbia Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Serbia
Top DestinationGermany$4B

Montenegro
Top DestinationSouth Korea$321M

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

In 2021, countries that imported more from Serbia than Montenegro were Germany ($4B), Bosnia and Herzegovina ($2.14B), and Italy ($2.1B).

In 2021, countries that imported more from Montenegro than Serbia were Luxembourg ($38.7M), Indonesia ($9.55M), and San Marino ($2.1M).

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

Comparative Advantage Serbia - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Serbia had a large net trade with Montenegro in the exports of Mineral Products ($214M), Foodstuffs ($203M), and Machines ($116M).

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).

Service Trade

Bilateral Service Trade

Srb Year

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.

Service trade data is presented based on availability.

Services Exports from Serbia () to Montenegro () (2009)

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 Serbia has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Serbia.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Serbia () and Montenegro ()

Serbia Exports

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Serbia - Montenegro

Service Trade

Bilateral Service Trade

Services Exports from Serbia () to Montenegro () (2009)

Economic Complexity

Competitive Landscape

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

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