2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$1.11TCURRENT US$
Rnk 17 / 186
2012-2022
Flag
GDP GROWTH
49.4%CURRENT US$
Rnk 62 / 186
2022
Flag
GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC
$30,436CURRENT US$
Rnk 37 / 186
2012-2022
Flag
GDP PC GROWTH
26.5%CURRENT US$
Rnk 71 / 186

About

Montenegro-Saudi Arabia In 2022, Montenegro exported $359k to Saudi Arabia. The main products that Montenegro exported to Saudi Arabia are Baked Goods ($328k), Non-Knit Women's Suits ($5.94k), and Knit Women's Suits ($5.3k). During the last 13 years the exports of Montenegro to Saudi Arabia have increased at an annualized rate of 9.97%, from $105k in 2009 to $359k in 2022.

In 2022, Montenegro did not export any services to Saudi Arabia.

Saudi Arabia-Montenegro In 2022, Saudi Arabia exported $846k to Montenegro. The main products that Saudi Arabia exported to Montenegro were Refined Petroleum ($444k), Raw Plastic Sheeting ($233k), and Polyacetals ($96.7k). During the last 13 years the exports of Saudi Arabia to Montenegro have increased at an annualized rate of 20.6%, from $74.2k in 2009 to $846k in 2022.

In 2022, Saudi Arabia 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, Saudi Arabia ranked 34 in the Economic Complexity Index (ECI 0.78), and 23 in total exports ($362B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $359k to Saudi Arabia. The main products exported from Montenegro to Saudi Arabia were Baked Goods ($328k), Non-Knit Women's Suits ($5.94k), and Knit Women's Suits ($5.3k). During the last 13 years the exports of Montenegro to Saudi Arabia have increased at an annualized rate of 9.97%, from $105k in 2009 to $359k in 2022.

In 2022, Saudi Arabia exported $846k to Montenegro. The main products exported from Saudi Arabia to Montenegro were Refined Petroleum ($444k), Raw Plastic Sheeting ($233k), and Polyacetals ($96.7k). During the last 16 years the exports of Saudi Arabia to Montenegro have increased at an annualized rate of 20.6%, from $74.2k in 2006 to $846k in 2022.

Exports from Montenegro (Flag) to Saudi Arabia (Flag) (2022)

Exports from Saudi Arabia (Flag) to Montenegro (Flag) (2022)

Latest Data

Trade between Montenegro (Flag) and Saudi Arabia (Flag)

Montenegro Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Saudi Arabia
Top Destination
China$68B

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

In 2021, countries that imported more from Montenegro than Saudi Arabia were Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Luxembourg ($38.7M).

In 2021, countries that imported more from Saudi Arabia than Montenegro were China ($68B), India ($46.2B), and Japan ($36.5B).

Difference in imports from Saudi Arabia (Flag) and Montenegro (Flag) (2022)

Comparative Advantage Montenegro - Saudi Arabia

Flow
Scale

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

During 2022, Montenegro had a large net trade with Saudi Arabia in the exports of Foodstuffs ($329k), Textiles ($20.3k), and Footwear and Headwear ($4k).

During 2022, Saudi Arabia had a large net trade with Montenegro in the exports of Mineral Products ($444k), Plastics and Rubbers ($364k), and Vegetable Products ($37.9k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Montenegro has comparative advantage over Saudi Arabia. Similarly, the more yellow a dot/product is, the more Saudi Arabia has comparative advantage over Montenegro.

Product Space of Montenegro (Flag) and Saudi Arabia (Flag) (2022)

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with