2022
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GDP
$6.1BCURRENT US$
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2012-2022
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GDP GROWTH
49.1%CURRENT US$
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2022
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 GDP
$281BCURRENT US$
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2012-2022
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GDP GROWTH
8.73%CURRENT US$
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2022
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GDP PC 
$9,894CURRENT US$
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2012-2022
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GDP PC GROWTH
50.2%CURRENT US$
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2022
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GDP PC
$50,537CURRENT US$
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2012-2022
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GDP PC GROWTH
5.93%CURRENT US$
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About

Montenegro-Finland In 2022, Montenegro exported $157k to Finland. The main products that Montenegro exported to Finland are Instructional Models ($92.1k), Other Vegetables ($30.7k), and Electric Soldering Equipment ($9.27k). During the last 16 years the exports of Montenegro to Finland have increased at an annualized rate of 1.98%, from $115k in 2006 to $157k in 2022.

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

Finland-Montenegro In 2022, Finland exported $4.47M to Montenegro. The main products that Finland exported to Montenegro were Lifting Machinery ($905k), Plastic Building Materials ($565k), and Cars ($518k). During the last 16 years the exports of Finland to Montenegro have increased at an annualized rate of 2.68%, from $2.93M in 2006 to $4.47M in 2022.

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

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Finland ranked 11 in the Economic Complexity Index (ECI 1.39), and 46 in total exports ($89.9B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $157k to Finland. The main products exported from Montenegro to Finland were Instructional Models ($92.1k), Other Vegetables ($30.7k), and Electric Soldering Equipment ($9.27k). During the last 16 years the exports of Montenegro to Finland have increased at an annualized rate of 1.98%, from $115k in 2006 to $157k in 2022.

In 2022, Finland exported $4.47M to Montenegro. The main products exported from Finland to Montenegro were Lifting Machinery ($905k), Plastic Building Materials ($565k), and Cars ($518k). During the last 16 years the exports of Finland to Montenegro have increased at an annualized rate of 2.68%, from $2.93M in 2006 to $4.47M in 2022.

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

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

Latest Data

Trade between Montenegro (Flag) and Finland (Flag)

Montenegro Exports

Finland Exports

Market Competitiveness

Color
Montenegro
Top Destination
South Korea$321M
Finland
Top Destination
Germany$9.99B

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

In 2021, countries that imported more from Montenegro than Finland were Bosnia and Herzegovina ($95.5M), Serbia ($159M), and Albania ($21.9M).

In 2021, countries that imported more from Finland than Montenegro were Germany ($9.99B), United States ($9.17B), and Sweden ($9.1B).

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

Comparative Advantage Montenegro - Finland

Flow
Scale

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

During 2022, Montenegro had a large net trade with Finland in the exports of Instruments ($93.9k), Vegetable Products ($30.7k), and Machines ($27.4k).

During 2022, Finland had a large net trade with Montenegro in the exports of Machines ($1.25M), Chemical Products ($946k), and Transportation ($673k).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Montenegro has comparative advantage over Finland. Similarly, the more yellow a dot/product is, the more Finland has comparative advantage over Montenegro.

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

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