Thailand (THA) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Thailand-Montenegro Trade: In 2022, Thailand exported $6.01M to Montenegro. The main products that Thailand exported to Montenegro were Processed Fish ($998k), Air Conditioners ($856k), and Petroleum Resins ($847k). Over the past 5 years the exports of Thailand to Montenegro have increased at an annualized rate of 3%, from $5.18M in 2017 to $6.01M in 2022.

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

Montenegro-Thailand Trade: In 2022, Montenegro exported $68.9k to Thailand. The main products that Montenegro exported to Thailand were Cast Iron Pipes ($17.9k), Centrifuges ($8.99k), and Knit T-shirts ($7.31k). Over the past 5 years the exports of Montenegro to Thailand have decreased at an annualized rate of 4.67%, from $87.6k in 2017 to $68.9k in 2022.

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

Comparison In 2022, Thailand ranked 29 in the Economic Complexity Index (ECI 0.96), and 27 in total exports ($312B). 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, Thailand exported $6.01M to Montenegro. The main products exported from Thailand to Montenegro were Processed Fish ($998k), Air Conditioners ($856k), and Petroleum Resins ($847k). During the last 5 years the exports of Thailand to Montenegro have increased at an annualized rate of 3%, from $5.18M in 2017 to $6.01M in 2022.

In 2017, Montenegro exported $68.9k to Thailand. The main products exported from Montenegro to Thailand were Cast Iron Pipes ($17.9k), Centrifuges ($8.99k), and Knit T-shirts ($7.31k). During the last 5 years the exports of Montenegro to Thailand have decreased at an annualized rate of 4.67%, from $87.6k in 2022 to $68.9k in 2017.

Exports from Thailand () to Montenegro () (2022)

Exports from Montenegro () to Thailand () (2022)

Latest Data

Trade between Thailand () and Montenegro ()

Thailand Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Thailand
Top DestinationUnited States$53.4B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Thailand than Montenegro included United States ($53.4B), China ($35.3B), and Japan ($24.6B).

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

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

Comparative Advantage Thailand - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Thailand had a large net trade with Montenegro in the exports of Machines ($1.65M), Plastics and Rubbers ($1.21M), and Foodstuffs ($1.13M).

During 2017, Montenegro had a large net trade with Thailand in the exports of Metals ($30.9k), Textiles ($15.5k), and Machines ($14.4k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Thailand () to Montenegro () (2022)

Exports from Montenegro () to Thailand () (2022)

Latest Data

Trade between Thailand () and Montenegro ()

Thailand Exports

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Thailand - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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