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2022
Flag → Flag
Exports $26.9MRnk 118 / 152
2022
Flag → Flag
Top Product $12.5MBroadcasting Equipment
2022
Flag → Flag
Exports $15Rnk 123 / 123
2022
Flag → Flag
Top Product $15Electric Motors
2022
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Economic Complexity (ECI) ECI 0.2Rnk 55 / 133
2022
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GDP$409BCURRENT US$
Rnk 35 / 186
2012-2022
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GDP GROWTH109%CURRENT US$
Rnk 12 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $4,164CURRENT US$
Rnk 120 / 186
2012-2022
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GDP PC GROWTH90.1%CURRENT US$
Rnk 11 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

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
Value

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 (Flag) to Montenegro (Flag) (2022)

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

Latest Data

Trade between Vietnam (Flag) and Montenegro (Flag)

Montenegro Exports

Market Competitiveness

Color
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 (Flag) and Vietnam (Flag) (2022)

Comparative Advantage Vietnam - Montenegro

Flow
Scale

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).

Economic Complexity

Competitive Landscape

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.

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

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