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2022
Flag → Flag
Exports $4.08kRnk 122 / 0
2022
Flag → Flag
Exports $34.6kRnk 87 / 139
2022
Flag → Flag
Top Product $34.1kHard Liquor
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$6.72BCURRENT US$
Rnk 156 / 195
2013-2023
Flag
GDP GROWTH25.4%CURRENT US$
Rnk 124 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC$23,804CURRENT US$
Rnk 52 / 196
2013-2023
Flag
GDP PC GROWTH23.3%CURRENT US$
Rnk 93 / 195

About

Montenegro-Barbados Trade: In 2022, Montenegro exported $4.08k to Barbados. The main products that Montenegro exported to Barbados were N/A. Over the past 8 years the exports of Montenegro to Barbados have decreased at an annualized rate of 14.2%, from $14k in 2014 to $4.08k in 2022.

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

Barbados-Montenegro Trade: In 2022, Barbados exported $34.6k to Montenegro. The main products that Barbados exported to Montenegro were Hard Liquor ($34.1k), Pencils and Crayons ($270), and Non-Knit Men's Shirts ($213). Over the past 8 years the exports of Barbados to Montenegro have increased at an annualized rate of 42.5%,  from $5.88k in 2014 to $34.6k in 2022.

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

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B). That same year, Barbados ranked 171 in total exports ($421M). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $4.08k to Barbados. There were not main exports from Montenegro to Barbados in 2022. During the last 8 years the exports of Montenegro to Barbados have decreased at an annualized rate of 14.2%, from $14k in 2014 to $4.08k in 2022.

In 2018, Barbados exported $34.6k to Montenegro. The main products exported from Barbados to Montenegro were Hard Liquor ($34.1k), Pencils and Crayons ($270), and Non-Knit Men's Shirts ($213). During the last 5 years the exports of Barbados to Montenegro have increased at an annualized rate of 42.5%, from $5.88k in 2023 to $34.6k in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Barbados (Flag)

Barbados Exports

Date

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Barbados
Top DestinationUnited States$91M

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

In 2023, countries that imported more from Montenegro than Barbados included Italy ($576M), Serbia ($202M), and Spain ($91.1M).

In 2023, countries that imported more from Barbados than Montenegro included United States ($91M), Jamaica ($71.2M), and Trinidad and Tobago ($33.7M).

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

Comparative Advantage Montenegro - Barbados

Flow
Scale

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

During 2022, Montenegro had a large net trade with Barbados in the exports of .

During 2018, Barbados had a large net trade with Montenegro in the exports of Foodstuffs ($34.1k), Miscellaneous ($270), and Textiles ($213).

Economic Complexity

Competitive Landscape

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

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

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