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2022
Flag → Flag
Exports $29MRnk 164 / 217
2022
Flag → Flag
Top Product $5.26MRaw Aluminium
2022
Flag → Flag
Exports $206kRnk 61 / 123
2022
Flag → Flag
Top Product $73.6kExplosive Ammunition
2022
Flag
Economic Complexity (ECI) ECI 0.64Rnk 40 / 133
2022
Flag  
GDP$3.39TCURRENT US$
Rnk 5 / 186
2012-2022
Flag
GDP GROWTH85.2%CURRENT US$
Rnk 24 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC $2,389CURRENT US$
Rnk 140 / 186
2012-2022
Flag
GDP PC GROWTH66.6%CURRENT US$
Rnk 20 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

India-Montenegro Trade: In 2022, India exported $29M to Montenegro. The main products that India exported to Montenegro were Raw Aluminium ($5.26M), Tractors ($4.02M), and Coffee ($3.04M). Over the past 5 years the exports of India to Montenegro have decreased at an annualized rate of 8.87%, from $46.1M in 2017 to $29M in 2022.

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

Montenegro-India Trade: In 2022, Montenegro exported $206k to India. The main products that Montenegro exported to India were Explosive Ammunition ($73.6k), Scrap Iron ($71.7k), and Antibiotics ($31.8k). Over the past 5 years the exports of Montenegro to India have increased at an annualized rate of 27.1%,  from $62.2k in 2017 to $206k in 2022.

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

Comparison In 2022,  India ranked 40 in the Economic Complexity Index (ECI 0.64),  and 15 in total exports ($468B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, India exported $1.16M and imported $141k from Montenegro, resulting in a positive trade balance of $1.02M. Between August 2023 and August 2024 the exports of India have decreased by $-1.07M (-48.1%) from $2.24M to $1.16M, while imports increased by $7.08k (5.29%) from $134k to $141k.

Trade In August 2024, the top exports of India to Montenegro were Ceramics And Allied Products ($325k), Coffee ($249k), Cotton Yarn ($174k), Plastc Sht, Film, Plts Et ($139k), and Indl. Machnry For Dairy Etc ($111k). In August 2024 the top imports of India from Montenegro were .

Growth In August 2024, the decrease in India's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Coffee ($-630k or -71.7%), Iron And Steel ($-274k or -79.6%), and Indl. Machnry For Dairy Etc ($-173k or -60.8%). In August 2024, the increase in India's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in .

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (August 2023 - August 2024)$-1.07M(-48.1%)
IMPORT GROWTH (August 2023 - August 2024)$7.08k(5.29%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Montenegro and India trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Montenegro and India Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, India exported $29M to Montenegro. The main products exported from India to Montenegro were Raw Aluminium ($5.26M), Tractors ($4.02M), and Coffee ($3.04M). During the last 5 years the exports of India to Montenegro have decreased at an annualized rate of 8.87%, from $46.1M in 2017 to $29M in 2022.

In 2017, Montenegro exported $206k to India. The main products exported from Montenegro to India were Explosive Ammunition ($73.6k), Scrap Iron ($71.7k), and Antibiotics ($31.8k). During the last 5 years the exports of Montenegro to India have increased at an annualized rate of 27.1%, from $62.2k in 2022 to $206k in 2017.

Exports from India (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to India (Flag) (2022)

Market Competitiveness

Color
India
Top DestinationUnited States$82.9B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from India than Montenegro included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2022, countries that imported more from Montenegro than India included San Marino ($2.1M).

Difference in imports from Montenegro (Flag) and India (Flag) (2022)

Comparative Advantage India - Montenegro

Flow
Scale

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

During 2022, India had a large net trade with Montenegro in the exports of Metals ($7.06M), Transportation ($4.2M), and Textiles ($3.77M).

During 2017, Montenegro had a large net trade with India in the exports of Weapons ($73.6k), Metals ($71.7k), and Chemical Products ($31.8k).

Economic Complexity

Competitive Landscape

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

Product Space of India (Flag) and Montenegro (Flag) (2022)

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