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Pricing

2023
Flag → Flag
Exports $8.09MRnk 110 / 137
2023
Flag → Flag
Top Product $4.83MRaw Aluminium
2023
Flag → Flag
Exports $194kRnk 62 / 130
2023
Flag → Flag
Top Product $191kBuilding Stone
2023
Flag
Economic Complexity (ECI) ECI 0.3Rnk 50 / 132
2023
Flag  
GDP$2.02TCURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP GROWTH-11.8%CURRENT US$
Rnk 183 / 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 $13,817CURRENT US$
Rnk 74 / 195
2013-2023
Flag
GDP PC GROWTH-13.3%CURRENT US$
Rnk 170 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Russia-Montenegro Trade: In 2023, Russia exported $8.09M to Montenegro. The main products that Russia exported to Montenegro were Raw Aluminium ($4.83M), Industrial Food Preperation Machinery ($365k), and Plywood ($332k). Over the past 5 years the exports of Russia to Montenegro have decreased at an annualized rate of 13.7%, from $16.9M in 2018 to $8.09M in 2023.

In 2020, Russia exported services to Montenegro worth $6.43M, with Transportation ($1.98M), Other business services ($1.82M), and Travel ($746k) being the largest in terms of value.

Montenegro-Russia Trade: In 2023, Montenegro exported $194k to Russia. The main products that Montenegro exported to Russia were Building Stone ($191k), Used Clothing ($757), and Other Plastic Products ($465). Over the past 5 years the exports of Montenegro to Russia have decreased at an annualized rate of 63%,  from $28.1M in 2018 to $194k in 2023.

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

Comparison In 2023,  Russia ranked 50 in the Economic Complexity Index (ECI 0.3),  and 18 in total exports ($394B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $423k and imported $1.34M from Montenegro, resulting in a negative trade balance of $918k. Between January 2021 and January 2022 the exports of Russia have increased by $275k (185%) from $148k to $423k, while imports increased by $939k (234%) from $402k to $1.34M.

Trade In January 2022, the top exports of Russia to Montenegro were Rolled Tobacco ($110k), Mattresses ($21.2k), Low-voltage Protection Equipment ($6.69k), Flavored Water ($2.42k), and Tea ($2.26k). In January 2022 the top imports of Russia from Montenegro were Packaged Medicaments ($264k), Building Stone ($76.4k), Chocolate ($51.1k), Centrifuges ($3.93k), and Transmissions ($3.6k).

Origins In January 2022 the exports of Russia were mainly from ST. PETERSBURG ($235k), OREL REGION ($103k), VORONEZH REGION ($21.1k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($19.8k), and ROSTOV REGION ($13k), while imports destinations were mainly NIZHNY NOVGOROD REGION ($1.28M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($28.8k), CHELYABINSK REGION ($16.4k), ST. PETERSBURG ($7.1k), and REPUBLIC OF TATARSTAN ($2.27k).

Growth In January 2022, the increase in Russia's year-by-year exports to Montenegro was explained primarily by an increase in product exports in . In January 2022, the increase in Russia's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in Building Stone ($45.8k or 150%), Centrifuges ($3.22k or 454%), and Transmissions ($2.94k or 448%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (January 2021 - January 2022)$275k(185%)
IMPORT GROWTH (January 2021 - January 2022)$939k(234%)
MAIN EXPORTER (January 2022)ST. PETERSBURG$235k

This section shows exports and imports data at subnational level for Russia. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Russia over time.

To check Montenegro and Russia trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Russia exported $8.09M to Montenegro. The main products exported from Russia to Montenegro were Raw Aluminium ($4.83M), Industrial Food Preperation Machinery ($365k), and Plywood ($332k). During the last 5 years the exports of Russia to Montenegro have decreased at an annualized rate of 13.7%, from $16.9M in 2018 to $8.09M in 2023.

In 2018, Montenegro exported $194k to Russia. The main products exported from Montenegro to Russia were Building Stone ($191k), Used Clothing ($757), and Other Plastic Products ($465). During the last 5 years the exports of Montenegro to Russia have decreased at an annualized rate of 63%, from $28.1M in 2023 to $194k in 2018.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$129B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Russia than Montenegro included China ($129B), India ($66.1B), and Turkey ($31B).

In 2023, countries that imported more from Montenegro than Russia included Luxembourg ($30.4M), Sweden ($50.2M), and Ukraine ($5.91M).

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

Comparative Advantage Russia - Montenegro

Flow
Scale

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

During 2023, Russia had a large net trade with Montenegro in the exports of Metals ($4.9M), Machines ($917k), and Foodstuffs ($831k).

During 2018, Montenegro had a large net trade with Russia in the exports of Stone And Glass ($191k), Textiles ($757), and Plastics and Rubbers ($465).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

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