India (IND) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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India-Montenegro In 2022, India exported $29M to Montenegro. The main products that India exported to Montenegro are Raw Aluminium ($5.26M), Tractors ($4.02M), and Coffee ($3.04M). During the last 16 years the exports of India to Montenegro have increased at an annualized rate of 13.7%, from $3.71M in 2006 to $29M in 2022.

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

Montenegro-India In 2022, Montenegro exported $206k to India. The main products that Montenegro exported to India were Explosive Ammunition ($73.6k), Scrap Iron ($71.7k), and Antibiotics ($31.8k). During the last 16 years the exports of Montenegro to India have decreased at an annualized rate of 11.2%, from $1.37M in 2006 to $206k in 2022.

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

Comparison In 2022, India ranked 40 in the Economic Complexity Index (ECI 0.64), and 15 in total exports ($468B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

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Overview In N/A, India exported $N/A and imported $N/A from Montenegro, resulting in a N/A trade balance of $N/A. Between N/A and N/A the exports of India have N/A by $N/A (N/A) from $N/A to $N/A, while imports N/A by $N/A (N/A) from $N/A to $N/A.

Trade In N/A, the top exports of India to Montenegro were Ceramics And Allied Products ($325k), Coffee ($249k), Cotton Yarn ($174k), Plastc Sht, Film, Plts Et ($139k), and Indl. Machnry For Dairy Etc ($111k). In N/A the top imports of India from Montenegro were .

Growth In N/A, the N/A in India's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Coffee ($-630k or -71.7%), Iron And Steel ($-274k or -79.6%), and Indl. Machnry For Dairy Etc ($-173k or -60.8%). In N/A, the N/A in India's year-by-year imports from Montenegro was explained primarily by an decrease in product imports in .

Latest Trade

Flow

Exports

Imports

Time Scale

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Quarter

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Trade Value

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Growth (%)

This section shows exports and imports data at subnational level for India. Click any date in the line plot or any product to explore the exports or imports behavior of India over time.

To check Montenegro and India trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, India exported $29M to Montenegro. The main products exported from India to Montenegro were Raw Aluminium ($5.26M), Tractors ($4.02M), and Coffee ($3.04M). During the last 16 years the exports of India to Montenegro have increased at an annualized rate of 13.7%, from $3.71M in 2006 to $29M in 2022.

In 2022, Montenegro exported $206k to India. The main products exported from Montenegro to India were Explosive Ammunition ($73.6k), Scrap Iron ($71.7k), and Antibiotics ($31.8k). During the last 8 years the exports of Montenegro to India have decreased at an annualized rate of 11.2%, from $1.37M in 2014 to $206k in 2022.

Exports from India () to Montenegro () (2022)

Exports from Montenegro () to India () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

India
Top DestinationUnited States$82.9B

Montenegro
Top DestinationSouth Korea$321M

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

In 2021, countries that imported more from India than Montenegro were United States ($82.9B), United Arab Emirates ($31.6B), and Netherlands ($17.6B).

In 2021, countries that imported more from Montenegro than India were San Marino ($2.1M).

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

Comparative Advantage India - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, India had a large net trade with Montenegro in the exports of Metals ($7.06M), Transportation ($4.2M), and Textiles ($3.77M).

During 2022, Montenegro had a large net trade with India in the exports of Weapons ($73.6k), Metals ($71.7k), and Chemical Products ($31.8k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more India has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over India.

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Latest Trends

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Latest Trade

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Historical Data

Bilateral Trade by Products

Exports from India () to Montenegro () (2022)

Exports from Montenegro () to India () (2022)

Market Competitiveness

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

Comparative Advantage India - Montenegro

Economic Complexity

Competitive Landscape

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

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