Montenegro (MNE) and Chinese Taipei (TWN) Trade | The Observatory of Economic Complexity

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Montenegro-Chinese Taipei Trade: In 2022, Montenegro exported $66.5k to Chinese Taipei. The main products that Montenegro exported to Chinese Taipei were Sawn Wood ($39.2k), Integrated Circuits ($7.29k), and Iron Fasteners ($5.71k). Over the past 5 years the exports of Montenegro to Chinese Taipei have increased at an annualized rate of 51.2%, from $8.42k in 2017 to $66.5k in 2022.

In 2022, Montenegro did not export any services to Chinese Taipei.

Chinese Taipei-Montenegro Trade: In 2022, Chinese Taipei exported $14.2M to Montenegro. The main products that Chinese Taipei exported to Montenegro were Polyamide Fabric ($7.43M), Large Flat-Rolled Stainless Steel ($1.38M), and Office Machine Parts ($672k). Over the past 5 years the exports of Chinese Taipei to Montenegro have increased at an annualized rate of 17.1%, from $6.45M in 2017 to $14.2M in 2022.

In 2022, Chinese Taipei 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, Chinese Taipei ranked 3 in the Economic Complexity Index (ECI 1.94), and 11 in total exports ($542B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $66.5k to Chinese Taipei. The main products exported from Montenegro to Chinese Taipei were Sawn Wood ($39.2k), Integrated Circuits ($7.29k), and Iron Fasteners ($5.71k). During the last 5 years the exports of Montenegro to Chinese Taipei have increased at an annualized rate of 51.2%, from $8.42k in 2017 to $66.5k in 2022.

In 2017, Chinese Taipei exported $14.2M to Montenegro. The main products exported from Chinese Taipei to Montenegro were Polyamide Fabric ($7.43M), Large Flat-Rolled Stainless Steel ($1.38M), and Office Machine Parts ($672k). During the last 5 years the exports of Chinese Taipei to Montenegro have increased at an annualized rate of 17.1%, from $6.45M in 2022 to $14.2M in 2017.

Exports from Montenegro () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Montenegro () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Chinese Taipei
Top DestinationChina$121B

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

In 2022, countries that imported more from Montenegro than Chinese Taipei included Serbia ($159M), Bosnia and Herzegovina ($95.5M), and Albania ($21.9M).

In 2022, countries that imported more from Chinese Taipei than Montenegro included China ($121B), United States ($82.6B), and Hong Kong ($65.8B).

Difference in imports from Chinese Taipei () and Montenegro () (2022)

Comparative Advantage Montenegro - Chinese Taipei

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Chinese Taipei in the exports of Wood Products ($39.2k), Machines ($12.5k), and Metals ($5.71k).

During 2017, Chinese Taipei had a large net trade with Montenegro in the exports of Textiles ($7.56M), Machines ($2.93M), and Metals ($2.56M).

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Chinese Taipei () (2022)

Exports from Chinese Taipei () to Montenegro () (2022)

Market Competitiveness

Difference in imports from Chinese Taipei () and Montenegro () (2022)

Comparative Advantage Montenegro - Chinese Taipei

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Montenegro () and Chinese Taipei () (2022)

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