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2022
Flag → Flag
Exports $11.4kRnk 95 / 123
2022
Flag → Flag
Top Product $5.7kHard Liquor
2022
Flag → Flag
Exports $9.49BRnk 133 / 142
2022
Flag → Flag
Top Product $283Non-Knit Men's Coats
2022
Flag
Economic Complexity (ECI) ECI -0.53Rnk 89 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$13.3BCURRENT US$
Rnk 136 / 186
2012-2022
Flag
GDP GROWTH73.9%CURRENT US$
Rnk 27 / 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$966CURRENT US$
Rnk 169 / 186
2012-2022
Flag
GDP PC GROWTH36.8%CURRENT US$
Rnk 55 / 186

About

Montenegro-Rwanda Trade: In 2022, Montenegro exported $11.4k to Rwanda. The main products that Montenegro exported to Rwanda were Hard Liquor ($5.7k), Motor vehicles; parts and accessories (8701 to 8705) ($2.92k), and Electric Filament ($1.27k). Over the past 5 years the exports of Montenegro to Rwanda have increased at an annualized rate of 32%, from $2.85k in 2017 to $11.4k in 2022.

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

Rwanda-Montenegro In N/A, Rwanda did not export any products to Montenegro.

In 2022, Rwanda 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, Rwanda ranked 89 in the Economic Complexity Index (ECI -0.53), and 147 in total exports ($1.77B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $11.4k to Rwanda. The main products exported from Montenegro to Rwanda were Hard Liquor ($5.7k), Motor vehicles; parts and accessories (8701 to 8705) ($2.92k), and Electric Filament ($1.27k). During the last 5 years the exports of Montenegro to Rwanda have increased at an annualized rate of 32%, from $2.85k in 2017 to $11.4k in 2022.

Rwanda does not register exports to Montenegro. The main products exported from Rwanda to Montenegro were Non-Knit Men's Coats ($283), Coffee ($237), and Tea ($50).

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

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

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Rwanda
Top DestinationUnited Arab Emirates$568M

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

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

In 2022, countries that imported more from Rwanda than Montenegro included United Arab Emirates ($568M), Democratic Republic of the Congo ($450M), and Thailand ($83.9M).

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

Comparative Advantage Montenegro - Rwanda

Flow
Scale

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

During 2022, Montenegro had a large net trade with Rwanda in the exports of Foodstuffs ($5.7k), Transportation ($2.92k), and Machines ($2.77k).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Rwanda (Flag) (2022)

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