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2022
Flag → Flag
Exports $4.08kRnk 101 / 123
2022
Flag → Flag
Exports $26.9kRnk 96 / 139
2022
Flag → Flag
Top Product $23.4kHard Liquor
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$5.64BCURRENT US$
Rnk 152 / 186
2012-2022
Flag
GDP GROWTH22.3%CURRENT US$
Rnk 116 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC$20,019CURRENT US$
Rnk 52 / 186
2012-2022
Flag
GDP PC GROWTH19.9%CURRENT US$
Rnk 89 / 186

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 $26.9k to Montenegro. The main products that Barbados exported to Montenegro were Hard Liquor ($23.4k), Knit T-shirts ($3k), and Refined Petroleum ($462). Over the past 8 years the exports of Barbados to Montenegro have increased at an annualized rate of 21%,  from $10.4k in 2014 to $26.9k in 2022.

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

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B). That same year, Barbados ranked 176 in total exports ($393M). 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 2017, Barbados exported $26.9k to Montenegro. The main products exported from Barbados to Montenegro were Hard Liquor ($23.4k), Knit T-shirts ($3k), and Refined Petroleum ($462). During the last 5 years the exports of Barbados to Montenegro have increased at an annualized rate of 21%, from $10.4k in 2022 to $26.9k in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Barbados (Flag)

Barbados Exports

Date

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Barbados
Top DestinationUnited States$88.6M

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 2022, countries that imported more from Montenegro than Barbados included South Korea ($321M), Serbia ($159M), and Italy ($125M).

In 2022, countries that imported more from Barbados than Montenegro included United States ($88.6M), Jamaica ($43.3M), and Trinidad and Tobago ($33.8M).

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

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 Textiles ($4.08k).

During 2017, Barbados had a large net trade with Montenegro in the exports of Foodstuffs ($23.4k), Textiles ($3k), and Mineral Products ($462).

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) (2022)

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