Russia (RUS) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Pricing

Russia (RUS) and Montenegro (MNE) Trade

2022

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Exports $9.29MRnk 114 / 138

2022

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About

Russia-Montenegro In 2022, Russia exported $9.29M to Montenegro. The main products that Russia exported to Montenegro are Rolled Tobacco ($4.04M), Plywood ($490k), and Petroleum Gas ($447k). During the last 16 years the exports of Russia to Montenegro have decreased at an annualized rate of 9.18%, from $43.4M in 2006 to $9.29M in 2022.

In 2020, Russia exported services to Montenegro worth $6.43M, with Transportation ($1.98M), Other business services ($1.82M), and Travel ($746k) being the largest in terms of value.

Montenegro-Russia In 2022, Montenegro exported $471k to Russia. The main products that Montenegro exported to Russia were Building Stone ($358k), Wine ($43.1k), and Documents of title (bonds etc) and unused stamps ($25.9k). During the last 16 years the exports of Montenegro to Russia have increased at an annualized rate of 2.09%, from $338k in 2006 to $471k in 2022.

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

Comparison In 2022, Russia ranked 45 in the Economic Complexity Index (ECI 0.42), and 12 in total exports ($486B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2022

About

Overview In January 2022, Russia exported $423k and imported $1.34M from Montenegro, resulting in a negative trade balance of $918k. Between January 2021 and January 2022 the exports of Russia have increased by $275k (185%) from $148k to $423k, while imports increased by $939k (234%) from $402k to $1.34M.

Trade In January 2022, the top exports of Russia to Montenegro were Rolled Tobacco ($110k), Mattresses ($21.2k), Low-voltage Protection Equipment ($6.69k), Flavored Water ($2.42k), and Tea ($2.26k). In January 2022 the top imports of Russia from Montenegro were Packaged Medicaments ($264k), Building Stone ($76.4k), Chocolate ($51.1k), Centrifuges ($3.93k), and Transmissions ($3.6k).

Origins In January 2022 the exports of Russia were mainly from ST. PETERSBURG ($235k), OREL REGION ($103k), VORONEZH REGION ($21.1k), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($19.8k), and ROSTOV REGION ($13k), while imports destinations were mainly NIZHNY NOVGOROD REGION ($1.28M), MOSCOW, THE CAPITAL OF RUSSIAN FEDERATION ($28.8k), CHELYABINSK REGION ($16.4k), ST. PETERSBURG ($7.1k), and REPUBLIC OF TATARSTAN ($2.27k).

Growth In January 2022, the increase in Russia's year-by-year exports to Montenegro was explained primarily by an increase in product exports in . In January 2022, the increase in Russia's year-by-year imports from Montenegro was explained primarily by an increase in product imports in Building Stone ($45.8k or 150%), Centrifuges ($3.22k or 454%), and Transmissions ($2.94k or 448%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2021 - January 2022)$275k(185%)

IMPORT GROWTH (January 2021 - January 2022)$939k(234%)

MAIN EXPORTER (January 2022)ST. PETERSBURG$235k

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

To check Montenegro and Russia 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, Russia exported $9.29M to Montenegro. The main products exported from Russia to Montenegro were Rolled Tobacco ($4.04M), Plywood ($490k), and Petroleum Gas ($447k). During the last 16 years the exports of Russia to Montenegro have decreased at an annualized rate of 9.18%, from $43.4M in 2006 to $9.29M in 2022.

In 2022, Montenegro exported $471k to Russia. The main products exported from Montenegro to Russia were Building Stone ($358k), Wine ($43.1k), and Documents of title (bonds etc) and unused stamps ($25.9k). During the last 16 years the exports of Montenegro to Russia have increased at an annualized rate of 2.09%, from $338k in 2006 to $471k in 2022.

Exports from Russia () to Montenegro () (2022)

Exports from Montenegro () to Russia () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Russia
Top DestinationChina$101B

Montenegro
Top DestinationSouth Korea$321M

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

In 2021, countries that imported more from Russia than Montenegro were China ($101B), India ($40.4B), and Germany ($27.7B).

In 2021, countries that imported more from Montenegro than Russia were Albania ($21.9M), Luxembourg ($38.7M), and San Marino ($2.1M).

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

Comparative Advantage Russia - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, Russia had a large net trade with Montenegro in the exports of Foodstuffs ($4.36M), Mineral Products ($929k), and Wood Products ($864k).

During 2022, Montenegro had a large net trade with Russia in the exports of Stone And Glass ($358k), Foodstuffs ($43.1k), and Paper Goods ($25.9k).

Service Trade

Bilateral Service Trade

Rus Year

In 2020, Russia exported services to Montenegro worth $6.43M, with Transportation ($1.98M), Other business services ($1.82M), and Travel ($746k) being the largest in terms of value.

Service trade data is presented based on availability.

Services Exports from Russia () to Montenegro () (2020)

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 Russia has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Russia.

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

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