Montenegro (MNE) and Greenland (GRL) Trade | The Observatory of Economic Complexity

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Montenegro (MNE) and Greenland (GRL) Trade

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Exports $2Rnk 11 / 0

2022

GDP$6.1BCURRENT US$
Rnk 151 / 186

2012-2022

GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186

2022

GDP PC $9,894CURRENT US$
Rnk 79 / 186

2012-2022

GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

Image 1

Image by Hotice Hsu
Link: https://flic.kr/p/Utsa6E

Image 2

Image by David Stanley
Link: https://flic.kr/p/Fq62wS

Historical Data
Economic Complexity

About

In N/A, Montenegro did not export any services to Greenland.

Greenland-Montenegro Trade: In N/A, Greenland exported $2 to Montenegro. The main products that Greenland exported to Montenegro were N/A. Over the past N/A years the exports of Greenland to Montenegro have decreased at an annualized rate of 74.2%, from $1.75k in N/A to $2 in N/A.

In N/A, Greenland did not export any services to Montenegro.

Comparison In 2022, Montenegro ranked 154 in total exports ($1.32B). That same year, Greenland ranked 152 in total exports ($1.49B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

Montenegro does not register exports to Greenland.

In 2016, Greenland exported $2 to Montenegro. There were not main exports from Greenland to Montenegro in 2016. During the last 5 years the exports of Greenland to Montenegro have decreased at an annualized rate of 74.2%, from $1.75k in 2021 to $2 in 2016.

Exports from Montenegro () to Greenland () (2021)

Exports from Greenland () to Montenegro () (2021)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

Montenegro
Top DestinationSouth Korea$321M

Greenland
Top DestinationDenmark$731M

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

In 2022, countries that imported more from Montenegro than Greenland included South Korea ($321M), Serbia ($159M), and Italy ($125M).

In 2022, countries that imported more from Greenland than Montenegro included Denmark ($731M), China ($353M), and United Kingdom ($86M).

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

Comparative Advantage Montenegro - Greenland

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2016, Greenland had a large net trade with Montenegro in the exports of .

Economic Complexity

Competitive Landscape

Year

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

Product Space of Montenegro () and Greenland () (2021)

Keep Exploring

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Grenada
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Guatemala
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Greenland
Netherlands
Greenland

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