Montenegro (MNE) and Vietnam (VNM) Trade | The Observatory of Economic Complexity

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Montenegro-Vietnam Trade: In 2022, Montenegro exported $15 to Vietnam. The main products that Montenegro exported to Vietnam were Electric Motors ($15). Over the past 5 years the exports of Montenegro to Vietnam have decreased at an annualized rate of 78.1%, from $30k in 2017 to $15 in 2022.

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

Vietnam-Montenegro Trade: In 2022, Vietnam exported $26.9M to Montenegro. The main products that Vietnam exported to Montenegro were Broadcasting Equipment ($12.5M), Textile Footwear ($2.88M), and Leather Footwear ($2.21M). Over the past 5 years the exports of Vietnam to Montenegro have increased at an annualized rate of 10.5%, from $16.3M in 2017 to $26.9M in 2022.

In 2022, Vietnam 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, Vietnam ranked 55 in the Economic Complexity Index (ECI 0.2), and 19 in total exports ($399B).

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, Montenegro exported $15 to Vietnam. The main products exported from Montenegro to Vietnam were Electric Motors ($15). During the last 5 years the exports of Montenegro to Vietnam have decreased at an annualized rate of 78.1%, from $30k in 2017 to $15 in 2022.

In 2017, Vietnam exported $26.9M to Montenegro. The main products exported from Vietnam to Montenegro were Broadcasting Equipment ($12.5M), Textile Footwear ($2.88M), and Leather Footwear ($2.21M). During the last 5 years the exports of Vietnam to Montenegro have increased at an annualized rate of 10.5%, from $16.3M in 2022 to $26.9M in 2017.

Exports from Montenegro () to Vietnam () (2022)

Exports from Vietnam () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Vietnam ()

Montenegro Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Vietnam
Top DestinationUnited States$117B

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

In 2022, countries that imported more from Montenegro than Vietnam included Albania ($21.9M), Bosnia and Herzegovina ($95.5M), and San Marino ($2.1M).

In 2022, countries that imported more from Vietnam than Montenegro included United States ($117B), China ($58.7B), and Japan ($25B).

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

Comparative Advantage Montenegro - Vietnam

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Montenegro had a large net trade with Vietnam in the exports of Machines ($15).

During 2017, Vietnam had a large net trade with Montenegro in the exports of Machines ($14.8M), Footwear and Headwear ($6.85M), and Textiles ($2.3M).

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

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Historical Data

Bilateral Trade by Products

Exports from Montenegro () to Vietnam () (2022)

Exports from Vietnam () to Montenegro () (2022)

Latest Data

Trade between Montenegro () and Vietnam ()

Montenegro Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Vietnam

Potential Exports

Potential Exports

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Economic Complexity

Competitive Landscape

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

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