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

About

Serbia-Montenegro In 2021, Serbia exported $961M to Montenegro. The main products that Serbia exported to Montenegro are Packaged Medicaments ($33.6M), Flavored Water ($28.4M), and Lead Ore ($27.3M). During the last 15 years the exports of Serbia to Montenegro have increased at an annualized rate of 3.02%, from $615M in 2006 to $961M in 2021.

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 2021, Montenegro exported $130M to Serbia. The main products that Montenegro exported to Serbia were Packaged Medicaments ($25.7M), Electricity ($22M), and Preserved Meat ($10.5M). During the last 15 years the exports of Montenegro to Serbia have decreased at an annualized rate of 2.41%, from $187M in 2006 to $130M in 2021.

In 2021, Montenegro did not export any services to Serbia.

Comparison In 2021, Serbia ranked 36 in the Economic Complexity Index (ECI 0.74), and 70 in total exports ($26.8B). That same year, Montenegro ranked 165 in total exports ($828M), and does not have data regarding Economic Complexity Index.

Historical Data

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Bilateral Trade by Products

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Depth

Value

Year

In 2021, Serbia exported $961M to Montenegro. The main products exported from Serbia to Montenegro were Packaged Medicaments ($33.6M), Flavored Water ($28.4M), and Lead Ore ($27.3M). During the last 15 years the exports of Serbia to Montenegro have increased at an annualized rate of 3.02%, from $615M in 2006 to $961M in 2021.

In 2021, Montenegro exported $130M to Serbia. The main products exported from Montenegro to Serbia were Packaged Medicaments ($25.7M), Electricity ($22M), and Preserved Meat ($10.5M). During the last 15 years the exports of Montenegro to Serbia have decreased at an annualized rate of 2.41%, from $187M in 2006 to $130M in 2021.

Latest Data

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Serbia Exports

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Date

Montenegro Exports

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Date

Market Competitiveness

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Color

SectionYear

Serbia
Top Destination: Germany, $3.27B

Montenegro
Top Destination: Serbia, $130M

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 ($3.27B), Italy ($2.23B), and Bosnia and Herzegovina ($1.83B).

In 2021, countries that imported more from Montenegro than Serbia were Pakistan ($78.1M), Suriname ($1.43M), and San Marino ($431k).

Comparative Advantage Serbia - Montenegro

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Flow

Scale

Year

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

During 2021, Serbia had a large net trade with Montenegro in the exports of Foodstuffs ($186M), Chemical Products ($107M), and Mineral Products ($106M).

During 2021, Montenegro had a large net trade with Serbia in the exports of Mineral Products ($30.7M), Chemical Products ($30.4M), and Foodstuffs ($11.5M).

Service Trade

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Bilateral Service Trade

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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.

Economic Complexity

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Competitive Landscape

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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

Latest Data

Serbia Exports

Montenegro Exports

Market Competitiveness

Comparative Advantage Serbia - Montenegro

Service Trade

Bilateral Service Trade

Economic Complexity

Competitive Landscape

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