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Pricing

2022
Flag → Flag
Exports $9.29MRnk 114 / 138
2022
Flag → Flag
Top Product $4.04MRolled Tobacco
2022
Flag → Flag
Exports $471kRnk 48 / 123
2022
Flag → Flag
Top Product $358kBuilding Stone
2022
Flag
Economic Complexity (ECI) ECI 0.43Rnk 47 / 133
2022
Flag  
GDP$2.24TCURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP GROWTH1.45%CURRENT US$
Rnk 164 / 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 $15,345CURRENT US$
Rnk 63 / 186
2012-2022
Flag
GDP PC GROWTH-0.49%CURRENT US$
Rnk 145 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Russia-Montenegro Trade: In 2022, Russia exported $9.29M to Montenegro. The main products that Russia exported to Montenegro were Rolled Tobacco ($4.04M), Plywood ($490k), and Petroleum Gas ($447k). Over the past 5 years the exports of Russia to Montenegro have decreased at an annualized rate of 20.2%, from $28.6M in 2017 to $9.29M in 2022.

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 2022, Montenegro exported $471k to Russia. The main products that Montenegro exported to Russia were Building Stone ($358k), Wine ($43.1k), and Documents of title (bonds etc) and unused stamps ($25.9k). Over the past 5 years the exports of Montenegro to Russia have decreased at an annualized rate of 39.1%,  from $5.64M in 2017 to $471k in 2022.

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

Comparison In 2022,  Russia ranked 47 in the Economic Complexity Index (ECI 0.43),  and 12 in total exports ($486B). That same year, Montenegro ranked 154 in total exports ($1.32B), 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 2022, Russia exported $9.29M to Montenegro. The main products exported from Russia to Montenegro were Rolled Tobacco ($4.04M), Plywood ($490k), and Petroleum Gas ($447k). During the last 5 years the exports of Russia to Montenegro have decreased at an annualized rate of 20.2%, from $28.6M in 2017 to $9.29M in 2022.

In 2017, Montenegro exported $471k to Russia. The main products exported from Montenegro to Russia were Building Stone ($358k), Wine ($43.1k), and Documents of title (bonds etc) and unused stamps ($25.9k). During the last 5 years the exports of Montenegro to Russia have decreased at an annualized rate of 39.1%, from $5.64M in 2022 to $471k in 2017.

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

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

Market Competitiveness

Color
Russia
Top DestinationChina$101B
Montenegro
Top DestinationSouth Korea$321M

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 2022, countries that imported more from Russia than Montenegro included China ($101B), India ($40.4B), and Germany ($27.7B).

In 2022, countries that imported more from Montenegro than Russia included Albania ($21.9M), Luxembourg ($38.7M), and San Marino ($2.1M).

Difference in imports from Montenegro (Flag) and Russia (Flag) (2022)

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 2022, Russia had a large net trade with Montenegro in the exports of Foodstuffs ($4.36M), Mineral Products ($929k), and Wood Products ($864k).

During 2017, Montenegro had a large net trade with Russia in the exports of Stone And Glass ($358k), Foodstuffs ($43.1k), and Paper Goods ($25.9k).

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) (2022)

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