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2023
Flag → Flag
Exports $4.73MRnk 124 / 205
2023
Flag → Flag
Top Product $1.36MCars
2023
Flag → Flag
Exports $284kRnk 53 / 130
2023
Flag → Flag
Top Product $60kCars
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 195
2023
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 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
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GDP PC $87,925CURRENT US$
Rnk 7 / 195
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195
2023
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GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
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GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Norway-Montenegro Trade: In 2023, Norway exported $4.73M to Montenegro. The main products that Norway exported to Montenegro were Cars ($1.36M), Fish Fillets ($824k), and Non-fillet Fresh Fish ($732k). Over the past 5 years the exports of Norway to Montenegro have increased at an annualized rate of 25.6%, from $1.51M in 2018 to $4.73M in 2023.

In 2023, Norway did not export any services to Montenegro.

Montenegro-Norway Trade: In 2023, Montenegro exported $284k to Norway. The main products that Montenegro exported to Norway were Cars ($60k), Refractory Bricks ($49.8k), and Used Clothing ($27.2k). Over the past 5 years the exports of Montenegro to Norway have decreased at an annualized rate of 16.1%,  from $683k in 2018 to $284k in 2023.

In 2023, Montenegro did not export any services to Norway.

Comparison In 2023,  Norway ranked 44 in the Economic Complexity Index (ECI 0.47),  and 33 in total exports ($187B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

December, 2024

About

Overview In December 2024, Norway exported NOK1.01M and imported NOK43k from Montenegro, resulting in a positive trade balance of NOK969k. Between December 2023 and December 2024 the exports of Norway have decreased by NOK-9.65M (-90.5%) from NOK10.7M to NOK1.01M, while imports decreased by NOK-9k (-17.3%) from NOK52k to NOK43k.

Trade In December 2024, the top exports of Norway to Montenegro were Road vehicles (including air-cushion vehicles) (NOK1.7M), General industrial machinery and equipment, n.e.s.,... (NOK187k), Furniture, and parts thereof; bedding, mattresses,... (NOK38k), Machinery specialized for particular industries (NOK27k), and Rubber manufactures, n.e.s. (NOK6k). In December 2024 the top imports of Norway from Montenegro were Non-metallic mineral manufactures, n.e.s. (NOK323k), Metalworking machinery (NOK4k), Electrical machinery, apparatus and appliances, n.e.s.,... (NOK2k), Live animals other than animals of... (NOK0), and Meat and meat preparations (NOK0).

Growth In December 2024, the decrease in Norway's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Articles of apparel and clothing accessories (NOK-17k or -100%), Rubber manufactures, n.e.s. (NOK-7k or -53.8%), and Footwear (NOK-3k or -100%). In December 2024, the decrease in Norway's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in Coffee, tea, cocoa, spices, and manufactures... (NOK-100k or -100%), Articles of apparel and clothing accessories (NOK-20k or -100%), and Metalworking machinery (NOK-15k or -78.9%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (December 2023 - December 2024)NOK-9.65M(-90.5%)
IMPORT GROWTH (December 2023 - December 2024)NOK-9k(-17.3%)

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 2023, Norway exported $4.73M to Montenegro. The main products exported from Norway to Montenegro were Cars ($1.36M), Fish Fillets ($824k), and Non-fillet Fresh Fish ($732k). During the last 5 years the exports of Norway to Montenegro have increased at an annualized rate of 25.6%, from $1.51M in 2018 to $4.73M in 2023.

In 2018, Montenegro exported $284k to Norway. The main products exported from Montenegro to Norway were Cars ($60k), Refractory Bricks ($49.8k), and Used Clothing ($27.2k). During the last 5 years the exports of Montenegro to Norway have decreased at an annualized rate of 16.1%, from $683k in 2023 to $284k in 2018.

Exports from Norway (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Norway (Flag) (2023)

Market Competitiveness

Color
Norway
Top DestinationGermany$33.8B
Montenegro
Top DestinationItaly$576M

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 2023, countries that imported more from Norway than Montenegro included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

In 2023, countries that imported more from Montenegro than Norway included Bosnia and Herzegovina ($67.5M), Slovenia ($77.9M), and Albania ($25.3M).

Difference in imports from Montenegro (Flag) and Norway (Flag) (2023)

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 2023, Norway had a large net trade with Montenegro in the exports of Transportation ($1.98M), Animal Products ($1.85M), and Machines ($461k).

During 2018, Montenegro had a large net trade with Norway in the exports of Machines ($84.4k), Transportation ($60.2k), and Stone And Glass ($49.8k).

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) (2023)

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