Montenegro (MNE) and Singapore (SGP) Trade | The Observatory of Economic Complexity

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Montenegro-Singapore Trade: In 2022, Montenegro exported $1.17M to Singapore. The main products that Montenegro exported to Singapore were Rolled Tobacco ($663k), Other Plastic Products ($142k), and Excavation Machinery ($84.6k). Over the past 5 years the exports of Montenegro to Singapore have increased at an annualized rate of 11.9%, from $665k in 2017 to $1.17M in 2022.

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

Singapore-Montenegro Trade: In 2022, Singapore exported $1.55M to Montenegro. The main products that Singapore exported to Montenegro were Rubber Apparel ($509k), Chemical Analysis Instruments ($281k), and Medical Instruments ($112k). Over the past 5 years the exports of Singapore to Montenegro have increased at an annualized rate of 2.39%, from $1.38M in 2017 to $1.55M in 2022.

In 2022, Singapore 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, Singapore ranked 6 in the Economic Complexity Index (ECI 1.68), and 21 in total exports ($379B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $1.17M to Singapore. The main products exported from Montenegro to Singapore were Rolled Tobacco ($663k), Other Plastic Products ($142k), and Excavation Machinery ($84.6k). During the last 5 years the exports of Montenegro to Singapore have increased at an annualized rate of 11.9%, from $665k in 2017 to $1.17M in 2022.

In 2017, Singapore exported $1.55M to Montenegro. The main products exported from Singapore to Montenegro were Rubber Apparel ($509k), Chemical Analysis Instruments ($281k), and Medical Instruments ($112k). During the last 5 years the exports of Singapore to Montenegro have increased at an annualized rate of 2.39%, from $1.38M in 2022 to $1.55M in 2017.

Exports from Montenegro () to Singapore () (2022)

Exports from Singapore () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Singapore ()

Montenegro Exports

Date

Singapore Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Singapore
Top DestinationHong Kong$51.6B

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

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

In 2022, countries that imported more from Singapore than Montenegro included Hong Kong ($51.6B), China ($51.2B), and Malaysia ($35.9B).

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

Comparative Advantage Montenegro - Singapore

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Singapore in the exports of Foodstuffs ($664k), Machines ($207k), and Plastics and Rubbers ($148k).

During 2017, Singapore had a large net trade with Montenegro in the exports of Plastics and Rubbers ($512k), Instruments ($431k), and Machines ($359k).

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

About

Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Singapore () (2022)

Exports from Singapore () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Singapore ()

Montenegro Exports

Singapore Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Singapore

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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