NEW: World Trade TARIFFS Simulator!
NEW: 2023 Data and Complexity Rankings
Sign In
Pricing

2023
Flag → Flag
Exports $73.1kRnk 118 / 157
2023
Flag → Flag
Top Product $46.9kProcessed Fish
2023
Flag → Flag
Exports $8.08kRnk 104 / 130
2023
Flag → Flag
Top Product $6.9kBroadcasting Equipment
2023
Flag  
GDP$31.3BCURRENT US$
Rnk 107 / 195
2013-2023
Flag
GDP GROWTH94.3%CURRENT US$
Rnk 17 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $79,637CURRENT US$
Rnk 11 / 195
2013-2023
Flag
GDP PC GROWTH59.9%CURRENT US$
Rnk 31 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Iceland-Montenegro Trade: In 2023, Iceland exported $73.1k to Montenegro. The main products that Iceland exported to Montenegro were Processed Fish ($46.9k), Fish Fillets ($9.09k), and Molluscs ($4.68k). Over the past 5 years the exports of Iceland to Montenegro have decreased at an annualized rate of 24.3%, from $293k in 2018 to $73.1k in 2023.

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

Montenegro-Iceland Trade: In 2023, Montenegro exported $8.08k to Iceland. The main products that Montenegro exported to Iceland were Broadcasting Equipment ($6.9k), Brooms ($360), and Plastic Lids ($296). Over the past 5 years the exports of Montenegro to Iceland have decreased at an annualized rate of 57.8%,  from $601k in 2018 to $8.08k in 2023.

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

Comparison In 2023,  Iceland ranked 115 in total exports ($7.31B). That same year, Montenegro ranked 151 in total exports ($1.53B). Both countries does not have data related to Economic Complexity Index.

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Iceland exported $73.1k to Montenegro. The main products exported from Iceland to Montenegro were Processed Fish ($46.9k), Fish Fillets ($9.09k), and Molluscs ($4.68k). During the last 5 years the exports of Iceland to Montenegro have decreased at an annualized rate of 24.3%, from $293k in 2018 to $73.1k in 2023.

In 2018, Montenegro exported $8.08k to Iceland. The main products exported from Montenegro to Iceland were Broadcasting Equipment ($6.9k), Brooms ($360), and Plastic Lids ($296). During the last 5 years the exports of Montenegro to Iceland have decreased at an annualized rate of 57.8%, from $601k in 2023 to $8.08k in 2018.

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

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

Latest Data

Trade between Iceland (Flag) and Montenegro (Flag)

Iceland Exports

Montenegro Exports

Date

Market Competitiveness

Color
Iceland
Top DestinationNetherlands$1.97B
Montenegro
Top DestinationItaly$576M

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

In 2023, countries that imported more from Iceland than Montenegro included Netherlands ($1.97B), Germany ($771M), and United States ($735M).

In 2023, countries that imported more from Montenegro than Iceland included Italy ($576M), Serbia ($202M), and Slovenia ($77.9M).

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

Comparative Advantage Iceland - Montenegro

Flow
Scale

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

During 2023, Iceland had a large net trade with Montenegro in the exports of Foodstuffs ($50.5k), Animal Products ($16.5k), and Miscellaneous ($2.79k).

During 2018, Montenegro had a large net trade with Iceland in the exports of Machines ($6.9k), Textiles ($388), and Miscellaneous ($360).

Economic Complexity

Competitive Landscape

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

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

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: support@oec.world
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms