Sri Lanka (LKA) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Sri Lanka-Montenegro Trade: In 2022, Sri Lanka exported $817k to Montenegro. The main products that Sri Lanka exported to Montenegro were Rubber ($278k), Knit Women's Suits ($94.5k), and Non-Knit Men's Suits ($55.6k). Over the past 5 years the exports of Sri Lanka to Montenegro have increased at an annualized rate of 8.74%, from $537k in 2017 to $817k in 2022.

In 2022, Sri Lanka did not export any services to Montenegro.

Montenegro-Sri Lanka Trade: In 2022, Montenegro exported $33.4k to Sri Lanka. The main products that Montenegro exported to Sri Lanka were Musical Instrument Parts ($33.4k). Over the past 5 years the exports of Montenegro to Sri Lanka have increased at an annualized rate of 17%, from $15.2k in 2017 to $33.4k in 2022.

In 2022, Montenegro did not export any services to Sri Lanka.

Comparison In 2022, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B). 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, Sri Lanka exported $817k to Montenegro. The main products exported from Sri Lanka to Montenegro were Rubber ($278k), Knit Women's Suits ($94.5k), and Non-Knit Men's Suits ($55.6k). During the last 5 years the exports of Sri Lanka to Montenegro have increased at an annualized rate of 8.74%, from $537k in 2017 to $817k in 2022.

In 2017, Montenegro exported $33.4k to Sri Lanka. The main products exported from Montenegro to Sri Lanka were Musical Instrument Parts ($33.4k). During the last 5 years the exports of Montenegro to Sri Lanka have increased at an annualized rate of 17%, from $15.2k in 2022 to $33.4k in 2017.

Exports from Sri Lanka () to Montenegro () (2022)

Exports from Montenegro () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Montenegro ()

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Sri Lanka
Top DestinationUnited States$3.52B

Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Sri Lanka than Montenegro included United States ($3.52B), India ($1.12B), and United Kingdom ($1.04B).

In 2022, countries that imported more from Montenegro than Sri Lanka included South Korea ($321M), Serbia ($159M), and Bosnia and Herzegovina ($95.5M).

Difference in imports from Montenegro () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Sri Lanka had a large net trade with Montenegro in the exports of Textiles ($413k), Plastics and Rubbers ($296k), and Footwear and Headwear ($46.7k).

During 2017, Montenegro had a large net trade with Sri Lanka in the exports of Instruments ($33.4k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Sri Lanka () to Montenegro () (2022)

Exports from Montenegro () to Sri Lanka () (2022)

Latest Data

Trade between Sri Lanka () and Montenegro ()

Montenegro Exports

Market Competitiveness

Difference in imports from Montenegro () and Sri Lanka () (2022)

Comparative Advantage Sri Lanka - Montenegro

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

Product Space of Sri Lanka () and Montenegro () (2022)

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