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2023
Flag → Flag
Exports $74.7kRnk 77 / 130
2023
Flag → Flag
Top Product $18.5kCleaning Products
2023
Flag → Flag
Exports $6.8MRnk 122 / 206
2023
Flag → Flag
Top Product $1.45MSpecial Pharmaceuticals
2023
Flag
Economic Complexity (ECI) ECI 1.46Rnk 13 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$296BCURRENT US$
Rnk 47 / 195
2013-2023
Flag
GDP GROWTH9.35%CURRENT US$
Rnk 158 / 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$52,926CURRENT US$
Rnk 23 / 196
2013-2023
Flag
GDP PC GROWTH6.51%CURRENT US$
Rnk 144 / 195

About

Montenegro-Finland Trade: In 2023, Montenegro exported $74.7k to Finland. The main products that Montenegro exported to Finland were Cleaning Products ($18.5k), Electric Soldering Equipment ($16.5k), and Other Plastic Products ($9.56k). Over the past 5 years the exports of Montenegro to Finland have decreased at an annualized rate of 28.4%, from $396k in 2018 to $74.7k in 2023.

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

Finland-Montenegro Trade: In 2023, Finland exported $6.8M to Montenegro. The main products that Finland exported to Montenegro were Special Pharmaceuticals ($1.45M), Stone Processing Machines ($1.11M), and Lifting Machinery ($1.02M). Over the past 5 years the exports of Finland to Montenegro have increased at an annualized rate of 11.4%,  from $3.96M in 2018 to $6.8M in 2023.

In 2023, Finland 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, Finland ranked 13 in the Economic Complexity Index (ECI 1.46), and 45 in total exports ($84.3B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $74.7k to Finland. The main products exported from Montenegro to Finland were Cleaning Products ($18.5k), Electric Soldering Equipment ($16.5k), and Other Plastic Products ($9.56k). During the last 5 years the exports of Montenegro to Finland have decreased at an annualized rate of 28.4%, from $396k in 2018 to $74.7k in 2023.

In 2018, Finland exported $6.8M to Montenegro. The main products exported from Finland to Montenegro were Special Pharmaceuticals ($1.45M), Stone Processing Machines ($1.11M), and Lifting Machinery ($1.02M). During the last 5 years the exports of Finland to Montenegro have increased at an annualized rate of 11.4%, from $3.96M in 2023 to $6.8M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Finland (Flag)

Montenegro Exports

Finland Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Finland
Top DestinationUnited States$9.68B

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 2023, countries that imported more from Montenegro than Finland included Serbia ($202M), Bosnia and Herzegovina ($67.5M), and Albania ($25.3M).

In 2023, countries that imported more from Finland than Montenegro included United States ($9.68B), Germany ($9.26B), and Sweden ($8.13B).

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

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 2023, Montenegro had a large net trade with Finland in the exports of Machines ($29.8k), Chemical Products ($18.7k), and Plastics and Rubbers ($9.75k).

During 2018, Finland had a large net trade with Montenegro in the exports of Machines ($2.99M), Chemical Products ($1.92M), and Plastics and Rubbers ($596k).

Economic Complexity

Competitive Landscape

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

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

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