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2022
Flag → Flag
Exports $68.9kRnk 70 / 123
2022
Flag → Flag
Top Product $17.9kCast Iron Pipes
2022
Flag → Flag
Exports $6.01MRnk 171 / 218
2022
Flag → Flag
Top Product $998kProcessed Fish
2022
Flag
Economic Complexity (ECI) ECI 0.96Rnk 29 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$495BCURRENT US$
Rnk 29 / 186
2012-2022
Flag
GDP GROWTH24.6%CURRENT US$
Rnk 111 / 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$6,909CURRENT US$
Rnk 93 / 186
2012-2022
Flag
GDP PC GROWTH20.2%CURRENT US$
Rnk 87 / 186

About

Montenegro-Thailand Trade: In 2022, Montenegro exported $68.9k to Thailand. The main products that Montenegro exported to Thailand were Cast Iron Pipes ($17.9k), Centrifuges ($8.99k), and Knit T-shirts ($7.31k). Over the past 5 years the exports of Montenegro to Thailand have decreased at an annualized rate of 4.67%, from $87.6k in 2017 to $68.9k in 2022.

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

Thailand-Montenegro Trade: In 2022, Thailand exported $6.01M to Montenegro. The main products that Thailand exported to Montenegro were Processed Fish ($998k), Air Conditioners ($856k), and Petroleum Resins ($847k). Over the past 5 years the exports of Thailand to Montenegro have increased at an annualized rate of 3%,  from $5.18M in 2017 to $6.01M in 2022.

In 2022, Thailand 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, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $68.9k to Thailand. The main products exported from Montenegro to Thailand were Cast Iron Pipes ($17.9k), Centrifuges ($8.99k), and Knit T-shirts ($7.31k). During the last 5 years the exports of Montenegro to Thailand have decreased at an annualized rate of 4.67%, from $87.6k in 2017 to $68.9k in 2022.

In 2017, Thailand exported $6.01M to Montenegro. The main products exported from Thailand to Montenegro were Processed Fish ($998k), Air Conditioners ($856k), and Petroleum Resins ($847k). During the last 5 years the exports of Thailand to Montenegro have increased at an annualized rate of 3%, from $5.18M in 2022 to $6.01M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Thailand (Flag)

Montenegro Exports

Thailand Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Thailand
Top DestinationUnited States$53.4B

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 2022, countries that imported more from Montenegro than Thailand included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Albania ($21.9M).

In 2022, countries that imported more from Thailand than Montenegro included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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 2022, Montenegro had a large net trade with Thailand in the exports of Metals ($30.9k), Textiles ($15.5k), and Machines ($14.4k).

During 2017, Thailand had a large net trade with Montenegro in the exports of Machines ($1.65M), Plastics and Rubbers ($1.21M), and Foodstuffs ($1.13M).

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) (2022)

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