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2022
Flag → Flag
Exports $33.4kRnk 79 / 123
2022
Flag → Flag
Top Product $33.4kMusical Instrument Parts
2022
Flag → Flag
Exports $817kRnk 146 / 194
2022
Flag → Flag
Top Product $278kRubber
2022
Flag
Economic Complexity (ECI) ECI -0.35Rnk 82 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$74.4BCURRENT US$
Rnk 76 / 186
2012-2022
Flag
GDP GROWTH5.62%CURRENT US$
Rnk 153 / 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$3,354CURRENT US$
Rnk 130 / 186
2012-2022
Flag
GDP PC GROWTH0.074%CURRENT US$
Rnk 141 / 186

About

Montenegro-Sri Lanka Trade: In 2022, Montenegro exported $33.4k to Sri Lanka. The main products that Montenegro exported to Sri Lanka were Musical Instrument Parts ($33.4k). Over the past 6 years the exports of Montenegro to Sri Lanka have increased at an annualized rate of 18.6%, from $12k in 2016 to $33.4k in 2022.

In 2022, Montenegro did not export any services to Sri Lanka.

Sri Lanka-Montenegro Trade: In 2022, Sri Lanka exported $817k to Montenegro. The main products that Sri Lanka exported to Montenegro were Rubber ($278k), Knit Women's Suits ($94.5k), and Non-Knit Men's Suits ($55.6k). Over the past 6 years the exports of Sri Lanka to Montenegro have increased at an annualized rate of 7.24%,  from $537k in 2016 to $817k in 2022.

In 2022, Sri Lanka did not export any services to Montenegro.

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $33.4k to Sri Lanka. The main products exported from Montenegro to Sri Lanka were Musical Instrument Parts ($33.4k). During the last 6 years the exports of Montenegro to Sri Lanka have increased at an annualized rate of 18.6%, from $12k in 2016 to $33.4k in 2022.

In 2017, Sri Lanka exported $817k to Montenegro. The main products exported from Sri Lanka to Montenegro were Rubber ($278k), Knit Women's Suits ($94.5k), and Non-Knit Men's Suits ($55.6k). During the last 5 years the exports of Sri Lanka to Montenegro have increased at an annualized rate of 7.24%, from $537k in 2022 to $817k in 2017.

Exports from Montenegro (Flag) to Sri Lanka (Flag) (2022)

Exports from Sri Lanka (Flag) to Montenegro (Flag) (2022)

Latest Data

Trade between Montenegro (Flag) and Sri Lanka (Flag)

Montenegro Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Sri Lanka
Top DestinationUnited States$3.52B

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

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

In 2022, countries that imported more from Sri Lanka than Montenegro included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

Difference in imports from Sri Lanka (Flag) and Montenegro (Flag) (2022)

Comparative Advantage Montenegro - Sri Lanka

Flow
Scale

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

During 2022, Montenegro had a large net trade with Sri Lanka in the exports of Instruments ($33.4k).

During 2017, Sri Lanka had a large net trade with Montenegro in the exports of Textiles ($413k), Plastics and Rubbers ($296k), and Footwear and Headwear ($46.7k).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Sri Lanka (Flag) (2022)

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