Vietnam (VNM) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Vietnam-Montenegro Trade: In 2022, Vietnam exported $26.9M to Montenegro. The main products that Vietnam exported to Montenegro were Broadcasting Equipment ($12.5M), Textile Footwear ($2.88M), and Leather Footwear ($2.21M). Over the past 5 years the exports of Vietnam to Montenegro have increased at an annualized rate of 10.5%, from $16.3M in 2017 to $26.9M in 2022.

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

Montenegro-Vietnam Trade: In 2022, Montenegro exported $15 to Vietnam. The main products that Montenegro exported to Vietnam were Electric Motors ($15). Over the past 5 years the exports of Montenegro to Vietnam have decreased at an annualized rate of 78.1%, from $30k in 2017 to $15 in 2022.

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

Comparison In 2022, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B). 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, Vietnam exported $26.9M to Montenegro. The main products exported from Vietnam to Montenegro were Broadcasting Equipment ($12.5M), Textile Footwear ($2.88M), and Leather Footwear ($2.21M). During the last 5 years the exports of Vietnam to Montenegro have increased at an annualized rate of 10.5%, from $16.3M in 2017 to $26.9M in 2022.

In 2017, Montenegro exported $15 to Vietnam. The main products exported from Montenegro to Vietnam were Electric Motors ($15). During the last 5 years the exports of Montenegro to Vietnam have decreased at an annualized rate of 78.1%, from $30k in 2022 to $15 in 2017.

Exports from Vietnam () to Montenegro () (2022)

Exports from Montenegro () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Montenegro ()

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Vietnam
Top DestinationUnited States$117B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Vietnam than Montenegro included United States ($117B), China ($58.7B), and Japan ($25B).

In 2022, countries that imported more from Montenegro than Vietnam included Albania ($21.9M), Bosnia and Herzegovina ($95.5M), and San Marino ($2.1M).

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

Comparative Advantage Vietnam - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Vietnam had a large net trade with Montenegro in the exports of Machines ($14.8M), Footwear and Headwear ($6.85M), and Textiles ($2.3M).

During 2017, Montenegro had a large net trade with Vietnam in the exports of Machines ($15).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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

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Historical Data

Bilateral Trade by Products

Exports from Vietnam () to Montenegro () (2022)

Exports from Montenegro () to Vietnam () (2022)

Latest Data

Trade between Vietnam () and Montenegro ()

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Vietnam - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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