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2023
Flag → Flag
Exports $284kRnk 53 / 130
2023
Flag → Flag
Top Product $60kCars
2023
Flag → Flag
Exports $4.73MRnk 124 / 205
2023
Flag → Flag
Top Product $1.36MCars
2023
Flag
Economic Complexity (ECI) ECI 0.47Rnk 44 / 132
2023
Flag  
GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
 GDP$485BCURRENT US$
Rnk 31 / 195
2013-2023
Flag
GDP GROWTH-7.74%CURRENT US$
Rnk 180 / 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$87,925CURRENT US$
Rnk 7 / 196
2013-2023
Flag
GDP PC GROWTH-15.1%CURRENT US$
Rnk 171 / 195

About

Montenegro-Norway Trade: In 2023, Montenegro exported $284k to Norway. The main products that Montenegro exported to Norway were Cars ($60k), Refractory Bricks ($49.8k), and Used Clothing ($27.2k). Over the past 5 years the exports of Montenegro to Norway have decreased at an annualized rate of 16.1%, from $683k in 2018 to $284k in 2023.

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

Norway-Montenegro Trade: In 2023, Norway exported $4.73M to Montenegro. The main products that Norway exported to Montenegro were Cars ($1.36M), Fish Fillets ($824k), and Non-fillet Fresh Fish ($732k). Over the past 5 years the exports of Norway to Montenegro have increased at an annualized rate of 25.6%,  from $1.51M in 2018 to $4.73M in 2023.

In 2023, Norway 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, Norway ranked 44 in the Economic Complexity Index (ECI 0.47), and 33 in total exports ($187B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Montenegro exported $284k to Norway. The main products exported from Montenegro to Norway were Cars ($60k), Refractory Bricks ($49.8k), and Used Clothing ($27.2k). During the last 5 years the exports of Montenegro to Norway have decreased at an annualized rate of 16.1%, from $683k in 2018 to $284k in 2023.

In 2018, Norway exported $4.73M to Montenegro. The main products exported from Norway to Montenegro were Cars ($1.36M), Fish Fillets ($824k), and Non-fillet Fresh Fish ($732k). During the last 5 years the exports of Norway to Montenegro have increased at an annualized rate of 25.6%, from $1.51M in 2023 to $4.73M in 2018.

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

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

Latest Data

Trade between Montenegro (Flag) and Norway (Flag)

Montenegro Exports

Norway Exports

Market Competitiveness

Color
Montenegro
Top DestinationItaly$576M
Norway
Top DestinationGermany$33.8B

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

In 2023, countries that imported more from Montenegro than Norway included Bosnia and Herzegovina ($67.5M), Slovenia ($77.9M), and Albania ($25.3M).

In 2023, countries that imported more from Norway than Montenegro included Germany ($33.8B), United Kingdom ($32.6B), and Sweden ($15.9B).

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

Comparative Advantage Montenegro - Norway

Flow
Scale

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

During 2023, Montenegro had a large net trade with Norway in the exports of Machines ($84.4k), Transportation ($60.2k), and Stone And Glass ($49.8k).

During 2018, Norway had a large net trade with Montenegro in the exports of Transportation ($1.98M), Animal Products ($1.85M), and Machines ($461k).

Economic Complexity

Competitive Landscape

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

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

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