Lithuania (LTU) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Lithuania-Montenegro Trade: In 2022, Lithuania exported $2.69M to Montenegro. The main products that Lithuania exported to Montenegro were Other Edible Preparations ($756k), Malt Extract ($284k), and Processed Fish ($125k). Over the past 5 years the exports of Lithuania to Montenegro have increased at an annualized rate of 14.7%, from $1.35M in 2017 to $2.69M in 2022.

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

Montenegro-Lithuania Trade: In 2022, Montenegro exported $17.6k to Lithuania. The main products that Montenegro exported to Lithuania were Cars ($15.2k), Imitation Jewellery ($516), and Transmissions ($415). Over the past 5 years the exports of Montenegro to Lithuania have decreased at an annualized rate of 75.1%, from $18.5M in 2017 to $17.6k in 2022.

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

Comparison In 2022, Lithuania ranked 30 in the Economic Complexity Index (ECI 0.93), and 62 in total exports ($46.9B). That same year, Montenegro ranked 154 in total exports ($1.32B), 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 2022, Lithuania exported $2.69M to Montenegro. The main products exported from Lithuania to Montenegro were Other Edible Preparations ($756k), Malt Extract ($284k), and Processed Fish ($125k). During the last 5 years the exports of Lithuania to Montenegro have increased at an annualized rate of 14.7%, from $1.35M in 2017 to $2.69M in 2022.

In 2017, Montenegro exported $17.6k to Lithuania. The main products exported from Montenegro to Lithuania were Cars ($15.2k), Imitation Jewellery ($516), and Transmissions ($415). During the last 5 years the exports of Montenegro to Lithuania have decreased at an annualized rate of 75.1%, from $18.5M in 2022 to $17.6k in 2017.

Exports from Lithuania () to Montenegro () (2022)

Exports from Montenegro () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Montenegro ()

Lithuania Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Lithuania
Top DestinationLatvia$6.18B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Lithuania than Montenegro included Latvia ($6.18B), Poland ($3.91B), and Germany ($3.54B).

In 2022, countries that imported more from Montenegro than Lithuania included South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

Difference in imports from Montenegro () and Lithuania () (2022)

Comparative Advantage Lithuania - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Lithuania had a large net trade with Montenegro in the exports of Foodstuffs ($1.39M), Machines ($314k), and Animal Products ($177k).

During 2017, Montenegro had a large net trade with Lithuania in the exports of Transportation ($15.2k), Textiles ($842), and Machines ($575).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Lithuania () to Montenegro () (2022)

Exports from Montenegro () to Lithuania () (2022)

Latest Data

Trade between Lithuania () and Montenegro ()

Lithuania Exports

Montenegro Exports

Market Competitiveness

Difference in imports from Montenegro () and Lithuania () (2022)

Comparative Advantage Lithuania - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Lithuania () and Montenegro () (2022)

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