Montenegro (MNE) and Russia (RUS) Trade | The Observatory of Economic Complexity

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Montenegro-Russia Trade: In 2023, Montenegro exported $194k to Russia. The main products that Montenegro exported to Russia were Building Stone ($191k), Used Clothing ($757), and Other Plastic Products ($465). Over the past 5 years the exports of Montenegro to Russia have decreased at an annualized rate of 63%, from $28.1M in 2018 to $194k in 2023.

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

Russia-Montenegro Trade: In 2023, Russia exported $8.09M to Montenegro. The main products that Russia exported to Montenegro were Raw Aluminium ($4.83M), Industrial Food Preperation Machinery ($365k), and Plywood ($332k). Over the past 5 years the exports of Russia to Montenegro have decreased at an annualized rate of 13.7%, from $16.9M in 2018 to $8.09M in 2023.

In 2020, Russia exported services to Montenegro worth $6.43M, with Transportation ($1.98M), Other business services ($1.82M), and Travel ($746k) being the largest in terms of value.

Comparison In 2023, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, Russia ranked 50 in the Economic Complexity Index (ECI 0.3), and 18 in total exports ($394B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2023, Montenegro exported $194k to Russia. The main products exported from Montenegro to Russia were Building Stone ($191k), Used Clothing ($757), and Other Plastic Products ($465). During the last 5 years the exports of Montenegro to Russia have decreased at an annualized rate of 63%, from $28.1M in 2018 to $194k in 2023.

In 2018, Russia exported $8.09M to Montenegro. The main products exported from Russia to Montenegro were Raw Aluminium ($4.83M), Industrial Food Preperation Machinery ($365k), and Plywood ($332k). During the last 5 years the exports of Russia to Montenegro have decreased at an annualized rate of 13.7%, from $16.9M in 2023 to $8.09M in 2018.

Exports from Montenegro () to Russia () (2023)

Exports from Russia () to Montenegro () (2023)

Latest Data

Trade between Montenegro () and Russia ()

Montenegro Exports

Date

Russia Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationItaly$576M

Russia
Top DestinationChina$129B

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

In 2023, countries that imported more from Montenegro than Russia included Luxembourg ($30.4M), Sweden ($50.2M), and Ukraine ($5.91M).

In 2023, countries that imported more from Russia than Montenegro included China ($129B), India ($66.1B), and Turkey ($31B).

Difference in imports from Russia () and Montenegro () (2023)

Comparative Advantage Montenegro - Russia

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2023, Montenegro had a large net trade with Russia in the exports of Stone And Glass ($191k), Textiles ($757), and Plastics and Rubbers ($465).

During 2018, Russia had a large net trade with Montenegro in the exports of Metals ($4.9M), Machines ($917k), and Foodstuffs ($831k).

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Montenegro worth $6.43M, with Transportation ($1.98M), Other business services ($1.82M), and Travel ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Montenegro () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Russia () (2023)

Exports from Russia () to Montenegro () (2023)

Latest Data

Trade between Montenegro () and Russia ()

Montenegro Exports

Russia Exports

Market Competitiveness

Difference in imports from Russia () and Montenegro () (2023)

Comparative Advantage Montenegro - Russia

Bilateral Service Trade

Services Exports from Russia () to Montenegro () (2020)

Service Trade

Economic Complexity

Competitive Landscape

Product Space of Montenegro () and Russia () (2023)

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