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2023
Flag → Flag
Exports $8.87MRnk 156 / 213
2023
Flag → Flag
Top Product $1.46MLeather Footwear
2023
Flag → Flag
Exports $259kRnk 57 / 130
2023
Flag → Flag
Top Product $207kAircraft parts (gliders, balloons, and powered aircraft)
2023
Flag
Economic Complexity (ECI) ECI -0.085Rnk 65 / 132
2023
Flag  
GDP$1.37TCURRENT US$
Rnk 16 / 195
2013-2023
Flag
GDP GROWTH50.3%CURRENT US$
Rnk 75 / 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 $4,876CURRENT US$
Rnk 123 / 195
2013-2023
Flag
GDP PC GROWTH36.7%CURRENT US$
Rnk 66 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Indonesia-Montenegro Trade: In 2023, Indonesia exported $8.87M to Montenegro. The main products that Indonesia exported to Montenegro were Leather Footwear ($1.46M), Textile Footwear ($1.25M), and Rubber Footwear ($881k). Over the past 5 years the exports of Indonesia to Montenegro have decreased at an annualized rate of 0.81%, from $9.24M in 2018 to $8.87M in 2023.

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

Montenegro-Indonesia Trade: In 2023, Montenegro exported $259k to Indonesia. The main products that Montenegro exported to Indonesia were Aircraft parts (gliders, balloons, and powered aircraft) ($207k), Hard Liquor ($24.7k), and Electrical Control Boards ($13.2k). Over the past 5 years the exports of Montenegro to Indonesia have decreased at an annualized rate of 42.7%,  from $4.2M in 2018 to $259k in 2023.

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

Comparison In 2023,  Indonesia ranked 65 in the Economic Complexity Index (ECI -0.085),  and 27 in total exports ($299B). 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, Indonesia exported $8.87M to Montenegro. The main products exported from Indonesia to Montenegro were Leather Footwear ($1.46M), Textile Footwear ($1.25M), and Rubber Footwear ($881k). During the last 5 years the exports of Indonesia to Montenegro have decreased at an annualized rate of 0.81%, from $9.24M in 2018 to $8.87M in 2023.

In 2018, Montenegro exported $259k to Indonesia. The main products exported from Montenegro to Indonesia were Aircraft parts (gliders, balloons, and powered aircraft) ($207k), Hard Liquor ($24.7k), and Electrical Control Boards ($13.2k). During the last 5 years the exports of Montenegro to Indonesia have decreased at an annualized rate of 42.7%, from $4.2M in 2023 to $259k in 2018.

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

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

Latest Data

Trade between Indonesia (Flag) and Montenegro (Flag)

Indonesia Exports

Montenegro Exports

Market Competitiveness

Color
Indonesia
Top DestinationChina$70.7B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Indonesia than Montenegro included China ($70.7B), United States ($27.9B), and India ($24B).

In 2023, countries that imported more from Montenegro than Indonesia included Bosnia and Herzegovina ($67.5M) and Albania ($25.3M).

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

Comparative Advantage Indonesia - Montenegro

Flow
Scale

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

During 2023, Indonesia had a large net trade with Montenegro in the exports of Footwear and Headwear ($3.66M), Machines ($1.17M), and Foodstuffs ($867k).

During 2018, Montenegro had a large net trade with Indonesia in the exports of Transportation ($207k), Machines ($26.3k), and Foodstuffs ($24.7k).

Economic Complexity

Competitive Landscape

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

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

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