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2022
Flag → Flag
Exports $15Rnk 113 / 113
2022
Flag → Flag
Top Product $15Knit Sweaters
2022
Flag → Flag
Exports $158kRnk 64 / 123
2022
Flag → Flag
Top Product $156kPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI -1.26Rnk 120 / 133
2022
Flag  
GDP$16.8BCURRENT US$
Rnk 126 / 186
2012-2022
Flag
GDP GROWTH36.8%CURRENT US$
Rnk 90 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC $4,947CURRENT US$
Rnk 112 / 186
2012-2022
Flag
GDP PC GROWTH12.4%CURRENT US$
Rnk 107 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

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
Value

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 (Flag) to Montenegro (Flag) (2022)

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

Market Competitiveness

Color
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 (Flag) and Mongolia (Flag) (2022)

Comparative Advantage Mongolia - Montenegro

Flow
Scale

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).

Economic Complexity

Competitive Landscape

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.

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

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