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2022
Flag → Flag
Exports $28.8MRnk 104 / 218
2022
Flag → Flag
Top Product $19.5MElectricity
2022
Flag → Flag
Exports $10.1MRnk 21 / 123
2022
Flag → Flag
Top Product $9.99MElectricity
2022
Flag
Economic Complexity (ECI) ECI 1.01Rnk 27 / 133
2022
Flag  
GDP$395BCURRENT US$
Rnk 39 / 186
2012-2022
Flag
GDP GROWTH20.9%CURRENT US$
Rnk 120 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $66,983CURRENT US$
Rnk 10 / 186
2012-2022
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GDP PC GROWTH14.5%CURRENT US$
Rnk 99 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Denmark-Montenegro Trade: In 2022, Denmark exported $28.8M to Montenegro. The main products that Denmark exported to Montenegro were Electricity ($19.5M), Packaged Medicaments ($5.53M), and Computers ($243k). Over the past 5 years the exports of Denmark to Montenegro have increased at an annualized rate of 27.2%, from $8.62M in 2017 to $28.8M in 2022.

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

Montenegro-Denmark Trade: In 2022, Montenegro exported $10.1M to Denmark. The main products that Montenegro exported to Denmark were Electricity ($9.99M), Fuel Wood ($47.9k), and Print Production Machinery ($17.4k). Over the past 5 years the exports of Montenegro to Denmark have increased at an annualized rate of 57.7%,  from $1.04M in 2017 to $10.1M in 2022.

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

Comparison In 2022,  Denmark ranked 27 in the Economic Complexity Index (ECI 1.01),  and 37 in total exports ($122B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Denmark exported $28.8M to Montenegro. The main products exported from Denmark to Montenegro were Electricity ($19.5M), Packaged Medicaments ($5.53M), and Computers ($243k). During the last 5 years the exports of Denmark to Montenegro have increased at an annualized rate of 27.2%, from $8.62M in 2017 to $28.8M in 2022.

In 2017, Montenegro exported $10.1M to Denmark. The main products exported from Montenegro to Denmark were Electricity ($9.99M), Fuel Wood ($47.9k), and Print Production Machinery ($17.4k). During the last 5 years the exports of Montenegro to Denmark have increased at an annualized rate of 57.7%, from $1.04M in 2022 to $10.1M in 2017.

Exports from Denmark (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to Denmark (Flag) (2022)

Latest Data

Trade between Denmark (Flag) and Montenegro (Flag)

Denmark Exports

Montenegro Exports

Market Competitiveness

Color
Denmark
Top DestinationGermany$18.9B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Denmark than Montenegro included Germany ($18.9B), United States ($13.1B), and Sweden ($11.6B).

In 2022, countries that imported more from Montenegro than Denmark included Bosnia and Herzegovina ($95.5M) and Cayman Islands ($1.66M).

Difference in imports from Montenegro (Flag) and Denmark (Flag) (2022)

Comparative Advantage Denmark - Montenegro

Flow
Scale

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

During 2022, Denmark had a large net trade with Montenegro in the exports of Mineral Products ($19.6M), Chemical Products ($5.79M), and Machines ($931k).

During 2017, Montenegro had a large net trade with Denmark in the exports of Mineral Products ($9.99M), Wood Products ($47.9k), and Machines ($43.6k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Denmark and Montenegro. This means that a dot/product with the flag of Denmark indicates it has a comparative advantage over Montenegro. Similarly, a dot/product with the flag of Montenegro indicates it has a comparative advantage over Denmark.

Product Space of Denmark (Flag) and Montenegro (Flag) (2022)

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