Montenegro (MNE) and India (IND) Trade | The Observatory of Economic Complexity

About

Montenegro-India Trade: In 2022, Montenegro exported $206k to India. The main products that Montenegro exported to India were Explosive Ammunition ($73.6k), Scrap Iron ($71.7k), and Antibiotics ($31.8k). Over the past 5 years the exports of Montenegro to India have increased at an annualized rate of 27.1%, from $62.2k in 2017 to $206k in 2022.

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

India-Montenegro Trade: In 2022, India exported $29M to Montenegro. The main products that India exported to Montenegro were Raw Aluminium ($5.26M), Tractors ($4.02M), and Coffee ($3.04M). Over the past 5 years the exports of India to Montenegro have decreased at an annualized rate of 8.87%, from $46.1M in 2017 to $29M in 2022.

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

Comparison In 2022, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $206k to India. The main products exported from Montenegro to India were Explosive Ammunition ($73.6k), Scrap Iron ($71.7k), and Antibiotics ($31.8k). During the last 5 years the exports of Montenegro to India have increased at an annualized rate of 27.1%, from $62.2k in 2017 to $206k in 2022.

In 2017, India exported $29M to Montenegro. The main products exported from India to Montenegro were Raw Aluminium ($5.26M), Tractors ($4.02M), and Coffee ($3.04M). During the last 5 years the exports of India to Montenegro have decreased at an annualized rate of 8.87%, from $46.1M in 2022 to $29M in 2017.

Exports from Montenegro () to India () (2022)

Exports from India () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and India ()

Montenegro Exports

Date

India Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

India
Top DestinationUnited States$82.9B

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

In 2022, countries that imported more from Montenegro than India included San Marino ($2.1M).

In 2022, countries that imported more from India than Montenegro included United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

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

Comparative Advantage Montenegro - India

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with India in the exports of Weapons ($73.6k), Metals ($71.7k), and Chemical Products ($31.8k).

During 2017, India had a large net trade with Montenegro in the exports of Metals ($7.06M), Transportation ($4.2M), and Textiles ($3.77M).

Potential Exports

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Economic Complexity

Competitive Landscape

Year

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to India () (2022)

Exports from India () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and India ()

Montenegro Exports

India Exports

Market Competitiveness

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

Comparative Advantage Montenegro - India

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

Subscribe today to OEC pro and access the latest data

Economic Complexity

Competitive Landscape

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

Keep Exploring