Mongolia (MNG) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Mongolia-Montenegro Trade: In 2022, Mongolia exported $15 to Montenegro. The main products that Mongolia exported to Montenegro were Knit Sweaters ($15). Over the past 8 years the exports of Mongolia to Montenegro have decreased at an annualized rate of 30.4%, from $271 in 2014 to $15 in 2022.

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

Montenegro-Mongolia Trade: In 2022, Montenegro exported $158k to Mongolia. The main products that Montenegro exported to Mongolia were Packaged Medicaments ($156k), Air Conditioners ($1k), and Low-voltage Protection Equipment ($447). Over the past 8 years the exports of Montenegro to Mongolia have increased at an annualized rate of 116%, from $3.39k in 2014 to $158k in 2022.

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

Comparison In 2022, Mongolia ranked 120 in the Economic Complexity Index (ECI -1.26), and 94 in total exports ($13.6B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Mongolia exported $15 to Montenegro. The main products exported from Mongolia to Montenegro were Knit Sweaters ($15). During the last 8 years the exports of Mongolia to Montenegro have decreased at an annualized rate of 30.4%, from $271 in 2014 to $15 in 2022.

In 2017, Montenegro exported $158k to Mongolia. The main products exported from Montenegro to Mongolia were Packaged Medicaments ($156k), Air Conditioners ($1k), and Low-voltage Protection Equipment ($447). During the last 5 years the exports of Montenegro to Mongolia have increased at an annualized rate of 116%, from $3.39k in 2022 to $158k in 2017.

Exports from Mongolia () to Montenegro () (2022)

Exports from Montenegro () to Mongolia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$10.6B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Mongolia than Montenegro included China ($10.6B), Switzerland ($1.98B), and Singapore ($346M).

In 2022, countries that imported more from Montenegro than Mongolia included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and South Korea ($321M).

Difference in imports from Montenegro () and Mongolia () (2022)

Comparative Advantage Mongolia - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Mongolia had a large net trade with Montenegro in the exports of Textiles ($15).

During 2017, Montenegro had a large net trade with Mongolia in the exports of Chemical Products ($156k), Machines ($1.46k), and Instruments ($93).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Montenegro () (2022)

Exports from Montenegro () to Mongolia () (2022)

Market Competitiveness

Difference in imports from Montenegro () and Mongolia () (2022)

Comparative Advantage Mongolia - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Montenegro () (2022)

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