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2023
Flag → Flag
Exports $3.75kRnk 71 / 92
2023
Flag → Flag
Top Product $2.84kMotor vehicles; parts and accessories (8701 to 8705)
2023
Flag → Flag
Exports $1.31MRnk 27 / 0
2023
Flag  
GDP$11BCURRENT US$
Rnk 148 / 195
2013-2023
Flag
GDP GROWTH117%CURRENT US$
Rnk 8 / 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 $597CURRENT US$
Rnk 191 / 195
2013-2023
Flag
GDP PC GROWTH51.9%CURRENT US$
Rnk 45 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Somalia-Montenegro Trade: In 2023, Somalia exported $3.75k to Montenegro. The main products that Somalia exported to Montenegro were Motor vehicles; parts and accessories (8701 to 8705) ($2.84k), Other Plastic Products ($437), and Electrical Lighting and Signalling Equipment ($280). Over the past 8 years the exports of Somalia to Montenegro have decreased at an annualized rate of 14.6%, from $13.3k in 2015 to $3.75k in 2023.

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

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

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

Comparison In 2023,  Somalia ranked 161 in total exports ($1.03B). 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, Somalia exported $3.75k to Montenegro. The main products exported from Somalia to Montenegro were Motor vehicles; parts and accessories (8701 to 8705) ($2.84k), Other Plastic Products ($437), and Electrical Lighting and Signalling Equipment ($280). During the last 8 years the exports of Somalia to Montenegro have decreased at an annualized rate of 14.6%, from $13.3k in 2015 to $3.75k in 2023.

Montenegro does not register exports to Somalia.

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

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

Latest Data

Trade between Somalia (Flag) and Montenegro (Flag)

Montenegro Exports

Date

Market Competitiveness

Color
Somalia
Top DestinationUnited Arab Emirates$360M
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Somalia than Montenegro included United Arab Emirates ($360M), Saudi Arabia ($283M), and Oman ($180M).

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

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

Comparative Advantage Somalia - Montenegro

Flow
Scale

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

During 2023, Somalia had a large net trade with Montenegro in the exports of Transportation ($2.84k), Plastics and Rubbers ($437), and Machines ($436).

Economic Complexity

Competitive Landscape

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

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

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