Kuwait (KWT) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

About

Kuwait-Montenegro Trade: In 2022, Kuwait exported $1.66k to Montenegro. The main products that Kuwait exported to Montenegro were Other Iron Products ($674), Copper Pipe Fittings ($533), and Ceramic Tableware ($285). Over the past 5 years the exports of Kuwait to Montenegro have decreased at an annualized rate of 48.7%, from $46.7k in 2017 to $1.66k in 2022.

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

Montenegro-Kuwait Trade: In 2022, Montenegro exported $47.7k to Kuwait. The main products that Montenegro exported to Kuwait were Motor vehicles; parts and accessories (8701 to 8705) ($15k), Valves ($6.97k), and Non-Knit Women's Suits ($6.17k). Over the past 5 years the exports of Montenegro to Kuwait have increased at an annualized rate of 32.9%, from $8.67k in 2017 to $47.7k in 2022.

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

Comparison In 2022, Kuwait ranked 46 in the Economic Complexity Index (ECI 0.44), and 42 in total exports ($101B). 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, Kuwait exported $1.66k to Montenegro. The main products exported from Kuwait to Montenegro were Other Iron Products ($674), Copper Pipe Fittings ($533), and Ceramic Tableware ($285). During the last 5 years the exports of Kuwait to Montenegro have decreased at an annualized rate of 48.7%, from $46.7k in 2017 to $1.66k in 2022.

In 2017, Montenegro exported $47.7k to Kuwait. The main products exported from Montenegro to Kuwait were Motor vehicles; parts and accessories (8701 to 8705) ($15k), Valves ($6.97k), and Non-Knit Women's Suits ($6.17k). During the last 5 years the exports of Montenegro to Kuwait have increased at an annualized rate of 32.9%, from $8.67k in 2022 to $47.7k in 2017.

Exports from Kuwait () to Montenegro () (2022)

Exports from Montenegro () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Montenegro ()

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Kuwait
Top DestinationChina$24.3B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Kuwait than Montenegro included China ($24.3B), India ($15B), and South Korea ($10.8B).

In 2022, countries that imported more from Montenegro than Kuwait included Serbia ($159M), Switzerland ($116M), and Bosnia and Herzegovina ($95.5M).

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

Comparative Advantage Kuwait - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Kuwait had a large net trade with Montenegro in the exports of Metals ($1.21k), Stone And Glass ($285), and Footwear and Headwear ($168).

During 2017, Montenegro had a large net trade with Kuwait in the exports of Textiles ($16.6k), Transportation ($15k), and Machines ($10.4k).

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 Kuwait and Montenegro. This means that a dot/product with the flag of Kuwait indicates it has a comparative advantage over Montenegro. Similarly, a dot/product with the flag of Montenegro indicates it has a comparative advantage over Kuwait.

About

Historical Data

Bilateral Trade by Products

Exports from Kuwait () to Montenegro () (2022)

Exports from Montenegro () to Kuwait () (2022)

Latest Data

Trade between Kuwait () and Montenegro ()

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Kuwait - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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