Laos (LAO) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

About

Laos-Montenegro Trade: In 2023, Laos exported $89.5k to Montenegro. The main products that Laos exported to Montenegro were Refined Petroleum ($47.9k), Leather Footwear ($12.2k), and Rubber Footwear ($11.1k). Over the past 5 years the exports of Laos to Montenegro have increased at an annualized rate of 24.4%, from $30k in 2018 to $89.5k in 2023.

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

Montenegro-Laos In N/A, Montenegro did not export any products to Laos.

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

Comparison In 2023, Laos ranked 107 in the Economic Complexity Index (ECI -0.89), and 108 in total exports ($8.7B). 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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Laos exported $89.5k to Montenegro. The main products exported from Laos to Montenegro were Refined Petroleum ($47.9k), Leather Footwear ($12.2k), and Rubber Footwear ($11.1k). During the last 5 years the exports of Laos to Montenegro have increased at an annualized rate of 24.4%, from $30k in 2018 to $89.5k in 2023.

Montenegro does not register exports to Laos. The main products exported from Montenegro to Laos were Hard Liquor ($40.4k) and Knit T-shirts ($276).

Exports from Laos () to Montenegro () (2023)

Exports from Montenegro () to Laos () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Laos
Top DestinationChina$3.41B

Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Laos than Montenegro included China ($3.41B), Thailand ($2.99B), and Australia ($367M).

In 2023, countries that imported more from Montenegro than Laos included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

Difference in imports from Montenegro () and Laos () (2023)

Comparative Advantage Laos - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Laos had a large net trade with Montenegro in the exports of Mineral Products ($47.9k), Footwear and Headwear ($23.7k), and Textiles ($17.7k).

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Laos () to Montenegro () (2023)

Exports from Montenegro () to Laos () (2023)

Market Competitiveness

Difference in imports from Montenegro () and Laos () (2023)

Comparative Advantage Laos - Montenegro

Economic Complexity

Competitive Landscape

Product Space of Laos () and Montenegro () (2023)

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