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2023
Flag → Flag
Exports $12kRnk 84 / 111
2023
Flag → Flag
Top Product $7.7kTrunks and Cases
2023
Flag → Flag
Exports $203Rnk 109 / 0
2023
Flag  
GDP$40.9BCURRENT US$
Rnk 102 / 195
2013-2023
Flag
GDP GROWTH84.6%CURRENT US$
Rnk 26 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $1,378CURRENT US$
Rnk 169 / 195
2013-2023
Flag
GDP PC GROWTH71.5%CURRENT US$
Rnk 24 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Nepal-Montenegro Trade: In 2023, Nepal exported $12k to Montenegro. The main products that Nepal exported to Montenegro were Trunks and Cases ($7.7k), Perfumes ($3.88k), and Tea ($198). Over the past 5 years the exports of Nepal to Montenegro have increased at an annualized rate of 2.11%, from $10.8k in 2018 to $12k in 2023.

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

Montenegro-Nepal Trade: In 2023, Montenegro exported $203 to Nepal. The main products that Montenegro exported to Nepal were N/A. Over the past 5 years the exports of Montenegro to Nepal have decreased at an annualized rate of 62.5%,  from $27.5k in 2018 to $203 in 2023.

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

Comparison In 2023,  Nepal ranked 156 in total exports ($1.21B). That same year, Montenegro ranked 151 in total exports ($1.53B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Nepal exported $12k to Montenegro. The main products exported from Nepal to Montenegro were Trunks and Cases ($7.7k), Perfumes ($3.88k), and Tea ($198). During the last 5 years the exports of Nepal to Montenegro have increased at an annualized rate of 2.11%, from $10.8k in 2018 to $12k in 2023.

In 2017, Montenegro exported $203 to Nepal. There were not main exports from Montenegro to Nepal in 2017. During the last 5 years the exports of Montenegro to Nepal have decreased at an annualized rate of 62.5%, from $27.5k in 2022 to $203 in 2017.

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

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

Market Competitiveness

Color
Nepal
Top DestinationIndia$811M
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Nepal than Montenegro included India ($811M), United States ($140M), and United Kingdom ($26.4M).

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

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

Comparative Advantage Nepal - Montenegro

Flow
Scale

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

During 2023, Nepal had a large net trade with Montenegro in the exports of Animal Hides ($7.7k), Chemical Products ($3.88k), and Vegetable Products ($198).

During 2017, Montenegro had a large net trade with Nepal in the exports of .

Economic Complexity

Competitive Landscape

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

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

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