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2023
Flag → Flag
Exports $1.22MRnk 175 / 217
2023
Flag → Flag
Top Product $268kRubber Apparel
2023
Flag → Flag
Exports $439kRnk 50 / 130
2023
Flag → Flag
Top Product $139kOffice Machine Parts
2023
Flag
Economic Complexity (ECI) ECI 1.62Rnk 6 / 132
2023
Flag  
GDP$501BCURRENT US$
Rnk 30 / 195
2013-2023
Flag
GDP GROWTH63%CURRENT US$
Rnk 47 / 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 $84,734CURRENT US$
Rnk 8 / 195
2013-2023
Flag
GDP PC GROWTH48.7%CURRENT US$
Rnk 50 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Singapore-Montenegro Trade: In 2023, Singapore exported $1.22M to Montenegro. The main products that Singapore exported to Montenegro were Rubber Apparel ($268k), Medical Instruments ($113k), and Palm Oil ($85.6k). Over the past 5 years the exports of Singapore to Montenegro have decreased at an annualized rate of 3.15%, from $1.43M in 2018 to $1.22M in 2023.

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

Montenegro-Singapore Trade: In 2023, Montenegro exported $439k to Singapore. The main products that Montenegro exported to Singapore were Office Machine Parts ($139k), Hard Liquor ($107k), and Video Displays ($56.8k). Over the past 5 years the exports of Montenegro to Singapore have decreased at an annualized rate of 8.8%,  from $837k in 2018 to $439k in 2023.

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

Comparison In 2023,  Singapore ranked 6 in the Economic Complexity Index (ECI 1.62),  and 24 in total exports ($333B). 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
Value

In 2023, Singapore exported $1.22M to Montenegro. The main products exported from Singapore to Montenegro were Rubber Apparel ($268k), Medical Instruments ($113k), and Palm Oil ($85.6k). During the last 5 years the exports of Singapore to Montenegro have decreased at an annualized rate of 3.15%, from $1.43M in 2018 to $1.22M in 2023.

In 2018, Montenegro exported $439k to Singapore. The main products exported from Montenegro to Singapore were Office Machine Parts ($139k), Hard Liquor ($107k), and Video Displays ($56.8k). During the last 5 years the exports of Montenegro to Singapore have decreased at an annualized rate of 8.8%, from $837k in 2023 to $439k in 2018.

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

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

Market Competitiveness

Color
Singapore
Top DestinationHong Kong$44.5B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Singapore than Montenegro included Hong Kong ($44.5B), China ($36.7B), and United States ($32.9B).

In 2023, countries that imported more from Montenegro than Singapore included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Albania ($25.3M).

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

Comparative Advantage Singapore - Montenegro

Flow
Scale

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

During 2023, Singapore had a large net trade with Montenegro in the exports of Plastics and Rubbers ($312k), Instruments ($285k), and Machines ($280k).

During 2018, Montenegro had a large net trade with Singapore in the exports of Machines ($309k), Foodstuffs ($107k), and Textiles ($9.36k).

Economic Complexity

Competitive Landscape

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

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

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