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

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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 6 years the exports of Montenegro to Sri Lanka have increased at an annualized rate of 18.6%, from $12k in 2016 to $33.4k in 2022.

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

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 6 years the exports of Sri Lanka to Montenegro have increased at an annualized rate of 8.74%, from $537k in 2016 to $817k in 2022.

In 2022, Sri Lanka 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, Sri Lanka ranked 82 in the Economic Complexity Index (ECI -0.35), and 89 in total exports ($14.8B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, 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 6 years the exports of Montenegro to Sri Lanka have increased at an annualized rate of 18.6%, from $12k in 2016 to $33.4k in 2022.

In 2017, 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 2022 to $817k in 2017.

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

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

Latest Data

Trade between Montenegro () and Sri Lanka ()

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Sri Lanka
Top DestinationUnited States$3.52B

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

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

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

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

Comparative Advantage Montenegro - Sri Lanka

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Sri Lanka in the exports of Instruments ($33.4k).

During 2017, 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).

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

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Montenegro () and Sri Lanka ()

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Sri Lanka

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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