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2023
Flag → Flag
Exports $247kRnk 59 / 130
2023
Flag → Flag
Top Product $103kHard Liquor
2023
Flag → Flag
Exports $8.21MRnk 167 / 216
2023
Flag → Flag
Top Product $1.78MProcessed Fish
2023
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$515BCURRENT US$
Rnk 26 / 195
2013-2023
Flag
GDP GROWTH22.5%CURRENT US$
Rnk 133 / 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$7,182CURRENT US$
Rnk 102 / 196
2013-2023
Flag
GDP PC GROWTH19.3%CURRENT US$
Rnk 103 / 195

About

Montenegro-Thailand Trade: In 2023, Montenegro exported $247k to Thailand. The main products that Montenegro exported to Thailand were Hard Liquor ($103k), Revenue Stamps ($91.2k), and Rubber Pipes ($28.8k). Over the past 5 years the exports of Montenegro to Thailand have increased at an annualized rate of 22.5%, from $89.4k in 2018 to $247k in 2023.

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

Thailand-Montenegro Trade: In 2023, Thailand exported $8.21M to Montenegro. The main products that Thailand exported to Montenegro were Processed Fish ($1.78M), Air Conditioners ($973k), and Jewellery ($838k). Over the past 5 years the exports of Thailand to Montenegro have increased at an annualized rate of 4.48%,  from $6.05M in 2018 to $8.21M in 2023.

In 2023, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 25 in total exports ($332B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $247k to Thailand. The main products exported from Montenegro to Thailand were Hard Liquor ($103k), Revenue Stamps ($91.2k), and Rubber Pipes ($28.8k). During the last 5 years the exports of Montenegro to Thailand have increased at an annualized rate of 22.5%, from $89.4k in 2018 to $247k in 2023.

In 2018, Thailand exported $8.21M to Montenegro. The main products exported from Thailand to Montenegro were Processed Fish ($1.78M), Air Conditioners ($973k), and Jewellery ($838k). During the last 5 years the exports of Thailand to Montenegro have increased at an annualized rate of 4.48%, from $6.05M in 2023 to $8.21M in 2018.

Exports from Montenegro (Flag) to Thailand (Flag) (2023)

Exports from Thailand (Flag) to Montenegro (Flag) (2023)

Latest Data

Trade between Montenegro (Flag) and Thailand (Flag)

Montenegro Exports

Thailand Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Thailand
Top DestinationUnited States$58.5B

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

In 2023, countries that imported more from Montenegro than Thailand included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Albania ($25.3M).

In 2023, countries that imported more from Thailand than Montenegro included United States ($58.5B), China ($44.1B), and Japan ($24.9B).

Difference in imports from Thailand (Flag) and Montenegro (Flag) (2023)

Comparative Advantage Montenegro - Thailand

Flow
Scale

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

During 2023, Montenegro had a large net trade with Thailand in the exports of Foodstuffs ($103k), Arts and Antiques ($91.2k), and Plastics and Rubbers ($28.8k).

During 2018, Thailand had a large net trade with Montenegro in the exports of Machines ($2.16M), Foodstuffs ($2.04M), and Precious Metals ($1.11M).

Economic Complexity

Competitive Landscape

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

Product Space of Montenegro (Flag) and Thailand (Flag) (2023)

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