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2022
Flag → Flag
Exports $2.49MRnk 137 / 209
2022
Flag → Flag
Top Product $551kFish Fillets
2022
Flag → Flag
Exports $235kRnk 59 / 123
2022
Flag → Flag
Top Product $59.8kImitation Jewellery
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 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 $106,149CURRENT US$
Rnk 3 / 186
2012-2022
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GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 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

Norway-Montenegro Trade: In 2022, Norway exported $2.49M to Montenegro. The main products that Norway exported to Montenegro were Fish Fillets ($551k), Non-fillet Fresh Fish ($423k), and Cars ($349k). Over the past 5 years the exports of Norway to Montenegro have increased at an annualized rate of 3.89%, from $2.06M in 2017 to $2.49M in 2022.

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

Montenegro-Norway Trade: In 2022, Montenegro exported $235k to Norway. The main products that Montenegro exported to Norway were Imitation Jewellery ($59.8k), Jewellery ($30.7k), and Telephones ($23.1k). Over the past 5 years the exports of Montenegro to Norway have decreased at an annualized rate of 7.49%,  from $348k in 2017 to $235k in 2022.

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

Comparison In 2022,  Norway ranked 43 in the Economic Complexity Index (ECI 0.54),  and 28 in total exports ($285B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Norway exported NOK775k and imported NOK65k from Montenegro, resulting in a positive trade balance of NOK710k. Between October 2023 and October 2024 the exports of Norway have decreased by NOK-3.33M (-81.1%) from NOK4.1M to NOK775k, while imports decreased by NOK-198k (-75.3%) from NOK263k to NOK65k.

Trade In October 2024, the top exports of Norway to Montenegro were Road vehicles (including air-cushion vehicles) (NOK1.22M), Articles of apparel and clothing accessories (NOK17k), Rubber manufactures, n.e.s. (NOK13k), Machinery specialized for particular industries (NOK6k), and Footwear (NOK3k). In October 2024 the top imports of Norway from Montenegro were Coffee, tea, cocoa, spices, and manufactures... (NOK100k), Articles of apparel and clothing accessories (NOK20k), Metalworking machinery (NOK19k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK11k), and General industrial machinery and equipment, n.e.s.,... (NOK5k).

Growth In October 2024, the decrease in Norway's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Plastics in primary forms (NOK-91k or -100%) and Electrical machinery, apparatus and appliances, n.e.s.,... (NOK-42k or -100%). In October 2024, the decrease in Norway's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in Miscellaneous manufactured articles, n.e.s. (NOK-295k or -100%), Vegetables and fruit (NOK-34k or -100%), and Essential oils and resinoids and perfume... (NOK-22k or -100%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (October 2023 - October 2024)NOK-3.33M(-81.1%)
IMPORT GROWTH (October 2023 - October 2024)NOK-198k(-75.3%)

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

To check Montenegro and Norway trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Montenegro and Norway Data

Go to Bulk Download

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Norway exported $2.49M to Montenegro. The main products exported from Norway to Montenegro were Fish Fillets ($551k), Non-fillet Fresh Fish ($423k), and Cars ($349k). During the last 5 years the exports of Norway to Montenegro have increased at an annualized rate of 3.89%, from $2.06M in 2017 to $2.49M in 2022.

In 2017, Montenegro exported $235k to Norway. The main products exported from Montenegro to Norway were Imitation Jewellery ($59.8k), Jewellery ($30.7k), and Telephones ($23.1k). During the last 5 years the exports of Montenegro to Norway have decreased at an annualized rate of 7.49%, from $348k in 2022 to $235k in 2017.

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

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

Market Competitiveness

Color
Norway
Top DestinationGermany$78.1B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from Norway than Montenegro included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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

Comparative Advantage Norway - Montenegro

Flow
Scale

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

During 2022, Norway had a large net trade with Montenegro in the exports of Animal Products ($1.29M), Machines ($398k), and Transportation ($367k).

During 2017, Montenegro had a large net trade with Norway in the exports of Precious Metals ($90.4k), Machines ($80.4k), and Vegetable Products ($12.8k).

Economic Complexity

Competitive Landscape

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

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

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