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2023
Flag → Flag
Exports $32.7MRnk 106 / 142
2023
Flag → Flag
Top Product $13.7MBroadcasting Equipment
2023
Flag → Flag
Exports $117kRnk 67 / 130
2023
Flag → Flag
Top Product $117kEdible Offal
2023
Flag
Economic Complexity (ECI) ECI 0.067Rnk 60 / 132
2023
Flag  
GDP$430BCURRENT US$
Rnk 34 / 195
2013-2023
Flag
GDP GROWTH101%CURRENT US$
Rnk 13 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $4,282CURRENT US$
Rnk 128 / 195
2013-2023
Flag
GDP PC GROWTH81.5%CURRENT US$
Rnk 15 / 195
2023
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GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
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GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Vietnam-Montenegro Trade: In 2023, Vietnam exported $32.7M to Montenegro. The main products that Vietnam exported to Montenegro were Broadcasting Equipment ($13.7M), Textile Footwear ($4.42M), and Leather Footwear ($3.59M). Over the past 5 years the exports of Vietnam to Montenegro have increased at an annualized rate of 11.8%, from $18.7M in 2018 to $32.7M in 2023.

In 2023, Vietnam did not export any services to Montenegro.

Montenegro-Vietnam Trade: In 2023, Montenegro exported $117k to Vietnam. The main products that Montenegro exported to Vietnam were Edible Offal ($117k) and Hard Liquor ($9). Over the past 5 years the exports of Montenegro to Vietnam have decreased at an annualized rate of 33.8%,  from $920k in 2018 to $117k in 2023.

In 2023, Montenegro did not export any services to Vietnam.

Comparison In 2023,  Vietnam ranked 60 in the Economic Complexity Index (ECI 0.067),  and 15 in total exports ($424B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Vietnam exported $32.7M to Montenegro. The main products exported from Vietnam to Montenegro were Broadcasting Equipment ($13.7M), Textile Footwear ($4.42M), and Leather Footwear ($3.59M). During the last 5 years the exports of Vietnam to Montenegro have increased at an annualized rate of 11.8%, from $18.7M in 2018 to $32.7M in 2023.

In 2018, Montenegro exported $117k to Vietnam. The main products exported from Montenegro to Vietnam were Edible Offal ($117k) and Hard Liquor ($9). During the last 5 years the exports of Montenegro to Vietnam have decreased at an annualized rate of 33.8%, from $920k in 2023 to $117k in 2018.

Exports from Vietnam (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Vietnam (Flag) (2023)

Latest Data

Trade between Vietnam (Flag) and Montenegro (Flag)

Montenegro Exports

Market Competitiveness

Color
Vietnam
Top DestinationUnited States$118B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Vietnam than Montenegro included United States ($118B), China ($85.7B), and Japan ($25.1B).

In 2023, countries that imported more from Montenegro than Vietnam included South Korea ($636k), Republic of the Congo ($469k), and Iraq ($261k).

Difference in imports from Montenegro (Flag) and Vietnam (Flag) (2023)

Comparative Advantage Vietnam - Montenegro

Flow
Scale

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

During 2023, Vietnam had a large net trade with Montenegro in the exports of Machines ($15.7M), Footwear and Headwear ($10.7M), and Textiles ($2.67M).

During 2018, Montenegro had a large net trade with Vietnam in the exports of Animal Products ($117k) and Foodstuffs ($9).

Economic Complexity

Competitive Landscape

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

Product Space of Vietnam (Flag) and Montenegro (Flag) (2023)

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