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2023
Flag → Flag
Exports $87.8kRnk 73 / 130
2023
Flag → Flag
Top Product $32.4kSawn Wood
2023
Flag → Flag
Exports $1.83kRnk 152 / 159
2023
Flag → Flag
Top Product $964Other Iron Products
2023
Flag
Economic Complexity (ECI) ECI 0.21Rnk 53 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$164BCURRENT US$
Rnk 58 / 195
2013-2023
Flag
GDP GROWTH-6.01%CURRENT US$
Rnk 178 / 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$33,730CURRENT US$
Rnk 39 / 196
2013-2023
Flag
GDP PC GROWTH-32.1%CURRENT US$
Rnk 187 / 195

About

Montenegro-Kuwait Trade: In 2023, Montenegro exported $87.8k to Kuwait. The main products that Montenegro exported to Kuwait were Sawn Wood ($32.4k), Transmissions ($21.2k), and Electrical Ignitions ($13.9k). Over the past 5 years the exports of Montenegro to Kuwait have increased at an annualized rate of 39.7%, from $16.5k in 2018 to $87.8k in 2023.

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

Kuwait-Montenegro Trade: In 2023, Kuwait exported $1.83k to Montenegro. The main products that Kuwait exported to Montenegro were Other Iron Products ($964), Glues ($444), and Rubber Tires ($248). Over the past 5 years the exports of Kuwait to Montenegro have decreased at an annualized rate of 45.9%,  from $39.4k in 2018 to $1.83k in 2023.

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

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, Kuwait ranked 53 in the Economic Complexity Index (ECI 0.21), and 47 in total exports ($71B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $87.8k to Kuwait. The main products exported from Montenegro to Kuwait were Sawn Wood ($32.4k), Transmissions ($21.2k), and Electrical Ignitions ($13.9k). During the last 5 years the exports of Montenegro to Kuwait have increased at an annualized rate of 39.7%, from $16.5k in 2018 to $87.8k in 2023.

In 2018, Kuwait exported $1.83k to Montenegro. The main products exported from Kuwait to Montenegro were Other Iron Products ($964), Glues ($444), and Rubber Tires ($248). During the last 5 years the exports of Kuwait to Montenegro have decreased at an annualized rate of 45.9%, from $39.4k in 2023 to $1.83k in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Kuwait (Flag)

Montenegro Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Kuwait
Top DestinationChina$17.4B

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

In 2023, countries that imported more from Montenegro than Kuwait included Serbia ($202M), Slovenia ($77.9M), and Bosnia and Herzegovina ($67.5M).

In 2023, countries that imported more from Kuwait than Montenegro included China ($17.4B), India ($9.51B), and Japan ($9.13B).

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

Comparative Advantage Montenegro - Kuwait

Flow
Scale

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

During 2023, Montenegro had a large net trade with Kuwait in the exports of Machines ($36.2k), Wood Products ($32.4k), and Textiles ($13.3k).

During 2018, Kuwait had a large net trade with Montenegro in the exports of Metals ($992), Chemical Products ($591), and Plastics and Rubbers ($248).

Economic Complexity

Competitive Landscape

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

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

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