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

About

Mongolia-Montenegro Trade: In 2023, Mongolia exported $4.72k to Montenegro. The main products that Mongolia exported to Montenegro were Cloves ($4.72k). Over the past 7 years the exports of Mongolia to Montenegro have increased at an annualized rate of 95%, from $44 in 2016 to $4.72k in 2023.

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

Montenegro-Mongolia In N/A, Montenegro did not export any products to Mongolia.

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

Comparison In 2023, Mongolia ranked 123 in the Economic Complexity Index (ECI -1.32), and 89 in total exports ($14.3B). That same year, Montenegro ranked 151 in total exports ($1.53B), 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 2023, Mongolia exported $4.72k to Montenegro. The main products exported from Mongolia to Montenegro were Cloves ($4.72k). During the last 7 years the exports of Mongolia to Montenegro have increased at an annualized rate of 95%, from $44 in 2016 to $4.72k in 2023.

Montenegro does not register exports to Mongolia. The main products exported from Montenegro to Mongolia were Used Clothing ($981).

Exports from Mongolia () to Montenegro () (2023)

Exports from Montenegro () to Mongolia () (2023)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Mongolia
Top DestinationChina$13.1B

Montenegro
Top DestinationItaly$576M

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 2023, countries that imported more from Mongolia than Montenegro included China ($13.1B), Switzerland ($842M), and Thailand ($67.1M).

In 2023, countries that imported more from Montenegro than Mongolia included Italy ($576M), Serbia ($202M), and Spain ($91.1M).

Difference in imports from Montenegro () and Mongolia () (2023)

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 2023, Mongolia had a large net trade with Montenegro in the exports of Vegetable Products ($4.72k).

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.

About

Historical Data

Bilateral Trade by Products

Exports from Mongolia () to Montenegro () (2023)

Exports from Montenegro () to Mongolia () (2023)

Market Competitiveness

Difference in imports from Montenegro () and Mongolia () (2023)

Comparative Advantage Mongolia - Montenegro

Economic Complexity

Competitive Landscape

Product Space of Mongolia () and Montenegro () (2023)

Keep Exploring