NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $14.3kRnk 95 / 130
2023
Flag → Flag
Top Product $13.9kHard Liquor
2023
Flag → Flag
Exports $710kRnk 150 / 200
2023
Flag → Flag
Top Product $148kRubber
2023
Flag
Economic Complexity (ECI) ECI -0.44Rnk 85 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$84.4BCURRENT US$
Rnk 75 / 195
2013-2023
Flag
GDP GROWTH9.55%CURRENT US$
Rnk 157 / 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$3,828CURRENT US$
Rnk 132 / 196
2013-2023
Flag
GDP PC GROWTH2.34%CURRENT US$
Rnk 150 / 195

About

Montenegro-Sri Lanka Trade: In 2023, Montenegro exported $14.3k to Sri Lanka. The main products that Montenegro exported to Sri Lanka were Hard Liquor ($13.9k) and Electrical Control Boards ($381). Over the past 6 years the exports of Montenegro to Sri Lanka have decreased at an annualized rate of 1.11%, from $15.2k in 2017 to $14.3k in 2023.

In 2023, Montenegro did not export any services to Sri Lanka.

Sri Lanka-Montenegro Trade: In 2023, Sri Lanka exported $710k to Montenegro. The main products that Sri Lanka exported to Montenegro were Rubber ($148k), Non-Knit Men's Suits ($120k), and Knit T-shirts ($59.2k). Over the past 6 years the exports of Sri Lanka to Montenegro have increased at an annualized rate of 15.1%,  from $351k in 2017 to $710k in 2023.

In 2023, Sri Lanka 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, Sri Lanka ranked 85 in the Economic Complexity Index (ECI -0.44), and 90 in total exports ($13.8B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $14.3k to Sri Lanka. The main products exported from Montenegro to Sri Lanka were Hard Liquor ($13.9k) and Electrical Control Boards ($381). During the last 6 years the exports of Montenegro to Sri Lanka have decreased at an annualized rate of 1.11%, from $15.2k in 2017 to $14.3k in 2023.

In 2018, Sri Lanka exported $710k to Montenegro. The main products exported from Sri Lanka to Montenegro were Rubber ($148k), Non-Knit Men's Suits ($120k), and Knit T-shirts ($59.2k). During the last 5 years the exports of Sri Lanka to Montenegro have increased at an annualized rate of 15.1%, from $351k in 2023 to $710k in 2018.

Exports from Montenegro (Flag) to Sri Lanka (Flag) (2023)

Exports from Sri Lanka (Flag) to Montenegro (Flag) (2023)

Latest Data

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

Montenegro Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Sri Lanka
Top DestinationUnited States$2.98B

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

In 2023, countries that imported more from Sri Lanka than Montenegro included United States ($2.98B), India ($991M), and United Kingdom ($900M).

Difference in imports from Sri Lanka (Flag) and Montenegro (Flag) (2023)

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 2023, Montenegro had a large net trade with Sri Lanka in the exports of Foodstuffs ($13.9k) and Machines ($381).

During 2018, Sri Lanka had a large net trade with Montenegro in the exports of Textiles ($352k), Plastics and Rubbers ($175k), and Vegetable Products ($62.7k).

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) (2023)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms