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2023
Flag → Flag
Exports $34.5MRnk 164 / 220
2023
Flag → Flag
Top Product $5.82MRaw Aluminium
2023
Flag → Flag
Exports $621kRnk 44 / 130
2023
Flag → Flag
Top Product $551kHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 0.65Rnk 39 / 132
2023
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GDP$3.57TCURRENT US$
Rnk 5 / 195
2013-2023
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GDP GROWTH92.1%CURRENT US$
Rnk 19 / 195
2023
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 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
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GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
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GDP PC $2,481CURRENT US$
Rnk 148 / 195
2013-2023
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GDP PC GROWTH73.1%CURRENT US$
Rnk 22 / 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

India-Montenegro Trade: In 2023, India exported $34.5M to Montenegro. The main products that India exported to Montenegro were Raw Aluminium ($5.82M), Unglazed Ceramics ($4.58M), and Coffee ($2.82M). Over the past 5 years the exports of India to Montenegro have decreased at an annualized rate of 2.4%, from $38.9M in 2018 to $34.5M in 2023.

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

Montenegro-India Trade: In 2023, Montenegro exported $621k to India. The main products that Montenegro exported to India were Hard Liquor ($551k), Sawn Wood ($37k), and Semiconductor Devices ($14k). Over the past 5 years the exports of Montenegro to India have increased at an annualized rate of 48.6%,  from $85.7k in 2018 to $621k in 2023.

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

Comparison In 2023,  India ranked 39 in the Economic Complexity Index (ECI 0.65),  and 12 in total exports ($441B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, India exported $2.21M and imported $239k from Montenegro, resulting in a positive trade balance of $1.97M. Between November 2023 and November 2024 the exports of India have increased by $32.2k (1.48%) from $2.18M to $2.21M, while imports increased by $104k (76.4%) from $136k to $239k.

Trade In November 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 November 2024 the top imports of India from Montenegro were .

Growth In November 2024, the increase in India's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Ceramics And Allied Products ($309k or 1.89k%), Plastc Sht, Film, Plts Et ($78.9k or 131%), and Cotton Yarn ($76.3k or 78.1%). In November 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 (November 2023 - November 2024)$32.2k(1.48%)
IMPORT GROWTH (November 2023 - November 2024)$104k(76.4%)

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 2023, India exported $34.5M to Montenegro. The main products exported from India to Montenegro were Raw Aluminium ($5.82M), Unglazed Ceramics ($4.58M), and Coffee ($2.82M). During the last 5 years the exports of India to Montenegro have decreased at an annualized rate of 2.4%, from $38.9M in 2018 to $34.5M in 2023.

In 2018, Montenegro exported $621k to India. The main products exported from Montenegro to India were Hard Liquor ($551k), Sawn Wood ($37k), and Semiconductor Devices ($14k). During the last 5 years the exports of Montenegro to India have increased at an annualized rate of 48.6%, from $85.7k in 2023 to $621k in 2018.

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

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

Market Competitiveness

Color
India
Top DestinationUnited States$85.5B
Montenegro
Top DestinationItaly$576M

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 2023, countries that imported more from India than Montenegro included United States ($85.5B), United Arab Emirates ($28.8B), and China ($18.1B).

In 2023, no countries were registered that imported more from Montenegro than from India.

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

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 2023, India had a large net trade with Montenegro in the exports of Metals ($7.12M), Stone And Glass ($5.02M), and Machines ($4.4M).

During 2018, Montenegro had a large net trade with India in the exports of Foodstuffs ($552k), Wood Products ($37k), and Machines ($28.6k).

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) (2023)

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