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2023
Flag → Flag
Exports $7.12MRnk 23 / 130
2023
Flag → Flag
Top Product $6.9MElectricity
2023
Flag → Flag
Exports $18.7MRnk 116 / 217
2023
Flag → Flag
Top Product $7.14MElectricity
2023
Flag
Economic Complexity (ECI) ECI 1.13Rnk 22 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$407BCURRENT US$
Rnk 35 / 195
2013-2023
Flag
GDP GROWTH18.1%CURRENT US$
Rnk 146 / 195
2023
Flag
GDP PC $12,221CURRENT US$
Rnk 83 / 195
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195
2023
Flag
GDP PC$68,454CURRENT US$
Rnk 14 / 196
2013-2023
Flag
GDP PC GROWTH11.5%CURRENT US$
Rnk 129 / 195

About

Montenegro-Denmark Trade: In 2023, Montenegro exported $7.12M to Denmark. The main products that Montenegro exported to Denmark were Electricity ($6.9M), Lifting Machinery ($82.6k), and Fuel Wood ($64.8k). Over the past 5 years the exports of Montenegro to Denmark have increased at an annualized rate of 11%, from $4.23M in 2018 to $7.12M in 2023.

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

Denmark-Montenegro Trade: In 2023, Denmark exported $18.7M to Montenegro. The main products that Denmark exported to Montenegro were Electricity ($7.14M), Packaged Medicaments ($6.44M), and Other Edible Preparations ($528k). Over the past 5 years the exports of Denmark to Montenegro have increased at an annualized rate of 16.2%,  from $8.86M in 2018 to $18.7M in 2023.

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

Comparison In 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, Denmark ranked 22 in the Economic Complexity Index (ECI 1.13), and 37 in total exports ($118B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $7.12M to Denmark. The main products exported from Montenegro to Denmark were Electricity ($6.9M), Lifting Machinery ($82.6k), and Fuel Wood ($64.8k). During the last 5 years the exports of Montenegro to Denmark have increased at an annualized rate of 11%, from $4.23M in 2018 to $7.12M in 2023.

In 2018, Denmark exported $18.7M to Montenegro. The main products exported from Denmark to Montenegro were Electricity ($7.14M), Packaged Medicaments ($6.44M), and Other Edible Preparations ($528k). During the last 5 years the exports of Denmark to Montenegro have increased at an annualized rate of 16.2%, from $8.86M in 2023 to $18.7M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Denmark (Flag)

Montenegro Exports

Denmark Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Denmark
Top DestinationGermany$14.8B

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

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

In 2023, countries that imported more from Denmark than Montenegro included Germany ($14.8B), United States ($12B), and Sweden ($11.2B).

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

Comparative Advantage Montenegro - Denmark

Flow
Scale

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

During 2023, Montenegro had a large net trade with Denmark in the exports of Mineral Products ($6.9M), Machines ($93.3k), and Wood Products ($64.8k).

During 2018, Denmark had a large net trade with Montenegro in the exports of Mineral Products ($7.14M), Chemical Products ($7M), and Machines ($1.01M).

Economic Complexity

Competitive Landscape

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

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

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