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2022
Flag → Flag
Exports $157kRnk 65 / 123
2022
Flag → Flag
Top Product $92.1kInstructional Models
2022
Flag → Flag
Exports $4.47MRnk 121 / 207
2022
Flag → Flag
Top Product $905kLifting Machinery
2022
Flag
Economic Complexity (ECI) ECI 1.41Rnk 13 / 133
2022
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GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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 GDP$281BCURRENT US$
Rnk 47 / 186
2012-2022
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GDP GROWTH8.73%CURRENT US$
Rnk 147 / 186
2022
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GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
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GDP PC$50,537CURRENT US$
Rnk 18 / 186
2012-2022
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GDP PC GROWTH5.93%CURRENT US$
Rnk 127 / 186

About

Montenegro-Finland Trade: In 2022, Montenegro exported $157k to Finland. The main products that Montenegro exported to Finland were Instructional Models ($92.1k), Other Vegetables ($30.7k), and Electric Soldering Equipment ($9.27k). Over the past 5 years the exports of Montenegro to Finland have decreased at an annualized rate of 19.5%, from $464k in 2017 to $157k in 2022.

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

Finland-Montenegro Trade: In 2022, Finland exported $4.47M to Montenegro. The main products that Finland exported to Montenegro were Lifting Machinery ($905k), Plastic Building Materials ($565k), and Cars ($518k). Over the past 5 years the exports of Finland to Montenegro have decreased at an annualized rate of 0.6%,  from $4.63M in 2017 to $4.47M in 2022.

In 2022, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.41), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $157k to Finland. The main products exported from Montenegro to Finland were Instructional Models ($92.1k), Other Vegetables ($30.7k), and Electric Soldering Equipment ($9.27k). During the last 5 years the exports of Montenegro to Finland have decreased at an annualized rate of 19.5%, from $464k in 2017 to $157k in 2022.

In 2017, Finland exported $4.47M to Montenegro. The main products exported from Finland to Montenegro were Lifting Machinery ($905k), Plastic Building Materials ($565k), and Cars ($518k). During the last 5 years the exports of Finland to Montenegro have decreased at an annualized rate of 0.6%, from $4.63M in 2022 to $4.47M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Finland (Flag)

Montenegro Exports

Finland Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Finland
Top DestinationGermany$9.99B

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

In 2022, countries that imported more from Montenegro than Finland included Bosnia and Herzegovina ($95.5M), Serbia ($159M), and Albania ($21.9M).

In 2022, countries that imported more from Finland than Montenegro included Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

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

Comparative Advantage Montenegro - Finland

Flow
Scale

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

During 2022, Montenegro had a large net trade with Finland in the exports of Instruments ($93.9k), Vegetable Products ($30.7k), and Machines ($27.4k).

During 2017, Finland had a large net trade with Montenegro in the exports of Machines ($1.25M), Chemical Products ($946k), and Transportation ($673k).

Economic Complexity

Competitive Landscape

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

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

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