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2023
Flag → Flag
Exports $35.6MRnk 104 / 216
2023
Flag → Flag
Top Product $6.65MTractors
2023
Flag → Flag
Exports $50.2MRnk 6 / 130
2023
Flag → Flag
Top Product $47.3MCopper Ore
2023
Flag
Economic Complexity (ECI) ECI 1.53Rnk 9 / 132
2023
Flag  
GDP$585BCURRENT US$
Rnk 24 / 195
2013-2023
Flag
GDP GROWTH0.14%CURRENT US$
Rnk 170 / 195
2023
Flag
 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 $55,517CURRENT US$
Rnk 19 / 195
2013-2023
Flag
GDP PC GROWTH-8.76%CURRENT US$
Rnk 165 / 195
2023
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GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Sweden-Montenegro Trade: In 2023, Sweden exported $35.6M to Montenegro. The main products that Sweden exported to Montenegro were Tractors ($6.65M), Packaged Medicaments ($5.94M), and Cars ($5.15M). Over the past 5 years the exports of Sweden to Montenegro have increased at an annualized rate of 4.5%, from $28.5M in 2018 to $35.6M in 2023.

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

Montenegro-Sweden Trade: In 2023, Montenegro exported $50.2M to Sweden. The main products that Montenegro exported to Sweden were Copper Ore ($47.3M), Transmissions ($2.29M), and Preserved Meat ($425k). Over the past 5 years the exports of Montenegro to Sweden have increased at an annualized rate of 72.2%,  from $3.31M in 2018 to $50.2M in 2023.

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

Comparison In 2023,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.53),  and 32 in total exports ($188B). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

October, 2024

About

Overview In October 2024, Sweden exported SEK1M and imported SEK2.45M from Montenegro, resulting in a negative trade balance of SEK1.44M. Between October 2023 and October 2024 the exports of Sweden have decreased by SEK-1.53M (-60.4%) from SEK2.54M to SEK1M, while imports decreased by SEK-176M (-98.6%) from SEK178M to SEK2.45M.

Trade In October 2024, the top exports of Sweden to Montenegro were Cars (SEK1.23M), Flat Flat-Rolled Steel (SEK1.18M), Telephones (SEK534k), Other Zinc Products (SEK511k), and Gas and Liquid Flow Measuring Instruments (SEK106k). In October 2024 the top imports of Sweden from Montenegro were Transmissions (SEK1.82M), Other Edible Preparations (SEK8k), and Tea (SEK6k).

Growth In October 2024, the decrease in Sweden's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Other Zinc Products (SEK-2.08M or -80.3%), Flat Flat-Rolled Steel (SEK-256k or -17.9%), and Cars (SEK-153k or -11.1%). In October 2024, the decrease in Sweden's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in .

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (October 2023 - October 2024)SEK-1.53M(-60.4%)
IMPORT GROWTH (October 2023 - October 2024)SEK-176M(-98.6%)

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

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

For full datasets download visit Bulk Download page.

Explore Montenegro and Sweden Data

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Sweden exported $35.6M to Montenegro. The main products exported from Sweden to Montenegro were Tractors ($6.65M), Packaged Medicaments ($5.94M), and Cars ($5.15M). During the last 5 years the exports of Sweden to Montenegro have increased at an annualized rate of 4.5%, from $28.5M in 2018 to $35.6M in 2023.

In 2018, Montenegro exported $50.2M to Sweden. The main products exported from Montenegro to Sweden were Copper Ore ($47.3M), Transmissions ($2.29M), and Preserved Meat ($425k). During the last 5 years the exports of Montenegro to Sweden have increased at an annualized rate of 72.2%, from $3.31M in 2023 to $50.2M in 2018.

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

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

Market Competitiveness

Color
Sweden
Top DestinationGermany$18.4B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Sweden than Montenegro included Germany ($18.4B), United States ($18.1B), and Denmark ($14.4B).

In 2023, no countries were registered that imported more from Montenegro than from Sweden.

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

Comparative Advantage Sweden - Montenegro

Flow
Scale

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

During 2023, Sweden had a large net trade with Montenegro in the exports of Transportation ($16M), Chemical Products ($7.53M), and Machines ($6.31M).

During 2018, Montenegro had a large net trade with Sweden in the exports of Mineral Products ($47.3M), Machines ($2.34M), and Animal Products ($426k).

Economic Complexity

Competitive Landscape

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

Product Space of Sweden (Flag) and Montenegro (Flag) (2023)

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