Slovakia (SVK) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Slovakia-Montenegro In 2022, Slovakia exported $23.4M to Montenegro. The main products that Slovakia exported to Montenegro are Broadcasting Equipment ($7.37M), Video Displays ($3.17M), and Cars ($2.56M). During the last 16 years the exports of Slovakia to Montenegro have increased at an annualized rate of 8.65%, from $6.21M in 2006 to $23.4M in 2022.

In 2012, Slovakia exported services to Montenegro worth $6.8M, with Services not allocated ($3.4M), Travel ($2.1M), and Computer and information services ($958k) being the largest in terms of value.

Montenegro-Slovakia In 2022, Montenegro exported $417k to Slovakia. The main products that Montenegro exported to Slovakia were Raw Aluminium ($151k), Other Iron Products ($74.9k), and Perfumes ($45.1k). During the last 16 years the exports of Montenegro to Slovakia have increased at an annualized rate of 5.75%, from $170k in 2006 to $417k in 2022.

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

Comparison In 2022, Slovakia ranked 15 in the Economic Complexity Index (ECI 1.3), and 41 in total exports ($110B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Slovakia exported $23.4M to Montenegro. The main products exported from Slovakia to Montenegro were Broadcasting Equipment ($7.37M), Video Displays ($3.17M), and Cars ($2.56M). During the last 16 years the exports of Slovakia to Montenegro have increased at an annualized rate of 8.65%, from $6.21M in 2006 to $23.4M in 2022.

In 2022, Montenegro exported $417k to Slovakia. The main products exported from Montenegro to Slovakia were Raw Aluminium ($151k), Other Iron Products ($74.9k), and Perfumes ($45.1k). During the last 16 years the exports of Montenegro to Slovakia have increased at an annualized rate of 5.75%, from $170k in 2006 to $417k in 2022.

Exports from Slovakia () to Montenegro () (2022)

Exports from Montenegro () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Montenegro ()

Slovakia Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Slovakia
Top DestinationGermany$22.2B

Montenegro
Top DestinationSouth Korea$321M

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

In 2021, countries that imported more from Slovakia than Montenegro were Germany ($22.2B), Czechia ($12.6B), and Hungary ($9.79B).

In 2021, countries that imported more from Montenegro than Slovakia were Cayman Islands ($1.66M), Mauritania ($501k), and Eswatini ($16.9k).

Difference in imports from Montenegro () and Slovakia () (2022)

Comparative Advantage Slovakia - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Slovakia had a large net trade with Montenegro in the exports of Machines ($13.5M), Transportation ($2.82M), and Chemical Products ($1.87M).

During 2022, Montenegro had a large net trade with Slovakia in the exports of Metals ($234k), Wood Products ($71.6k), and Chemical Products ($65.8k).

Service Trade

Bilateral Service Trade

Svk Year

In 2012, Slovakia exported services to Montenegro worth $6.8M, with Services not allocated ($3.4M), Travel ($2.1M), and Computer and information services ($958k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Slovakia () to Montenegro () (2012)

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more Slovakia has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Slovakia.

About

Historical Data

Bilateral Trade by Products

Exports from Slovakia () to Montenegro () (2022)

Exports from Montenegro () to Slovakia () (2022)

Latest Data

Trade between Slovakia () and Montenegro ()

Slovakia Exports

Montenegro Exports

Market Competitiveness

Difference in imports from Montenegro () and Slovakia () (2022)

Comparative Advantage Slovakia - Montenegro

Service Trade

Bilateral Service Trade

Services Exports from Slovakia () to Montenegro () (2012)

Economic Complexity

Competitive Landscape

Product Space of Slovakia () and Montenegro () (2022)

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