Finland (FIN) and Montenegro (MNE) Trade | OEC - The Observatory of Economic Complexity

About

Finland-Montenegro In 2021, Finland exported $5.11M to Montenegro. The main products that Finland exported to Montenegro are Recreational Boats ($1.13M), Stone Processing Machines ($806k), and Lifting Machinery ($660k). During the last 15 years the exports of Finland to Montenegro have increased at an annualized rate of 3.85%, from $2.9M in 2006 to $5.11M in 2021.

In 2021, Finland did not export any services to Montenegro.

Montenegro-Finland In 2021, Montenegro exported $119k to Finland. The main products that Montenegro exported to Finland were Instructional Models ($77.1k), Electric Soldering Equipment ($12.6k), and Insulated Wire ($9.69k). During the last 15 years the exports of Montenegro to Finland have increased at an annualized rate of 0.24%, from $115k in 2006 to $119k in 2021.

In 2021, Montenegro did not export any services to Finland.

Comparison In 2021, Finland ranked 13 in the Economic Complexity Index (ECI 1.42), and 43 in total exports ($83.1B). That same year, Montenegro ranked 165 in total exports ($828M), and does not have data regarding Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

Value

Year

In 2021, Finland exported $5.11M to Montenegro. The main products exported from Finland to Montenegro were Recreational Boats ($1.13M), Stone Processing Machines ($806k), and Lifting Machinery ($660k). During the last 15 years the exports of Finland to Montenegro have increased at an annualized rate of 3.85%, from $2.9M in 2006 to $5.11M in 2021.

In 2021, Montenegro exported $119k to Finland. The main products exported from Montenegro to Finland were Instructional Models ($77.1k), Electric Soldering Equipment ($12.6k), and Insulated Wire ($9.69k). During the last 15 years the exports of Montenegro to Finland have increased at an annualized rate of 0.24%, from $115k in 2006 to $119k in 2021.

Latest Data

Finland Exports

Date

Montenegro Exports

Date

Market Competitiveness

Color

SectionYear

Finland
Top Destination: Germany, $10.4B

Montenegro
Top Destination: Serbia, $130M

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

In 2021, countries that imported more from Finland than Montenegro were Germany ($10.4B), Sweden ($7.85B), and United States ($6.27B).

In 2021, countries that imported more from Montenegro than Finland were Bosnia and Herzegovina ($40.2M), Serbia ($130M), and Albania ($23.6M).

Comparative Advantage Finland - Montenegro

Flow

Scale

Year

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

During 2021, Finland had a large net trade with Montenegro in the exports of Machines ($2.06M), Transportation ($1.34M), and Plastics and Rubbers ($557k).

During 2021, Montenegro had a large net trade with Finland in the exports of Instruments ($78.5k), Machines ($30.3k), and Foodstuffs ($8.43k).

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

About

Historical Data

Bilateral Trade by Products

Latest Data

Finland Exports

Montenegro Exports

Market Competitiveness

Comparative Advantage Finland - Montenegro

Economic Complexity

Competitive Landscape

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