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2022
Flag → Flag
Exports $235kRnk 59 / 123
2022
Flag → Flag
Top Product $59.8kImitation Jewellery
2022
Flag → Flag
Exports $2.49MRnk 137 / 209
2022
Flag → Flag
Top Product $551kFish Fillets
2022
Flag
Economic Complexity (ECI) ECI 0.54Rnk 43 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC $9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH3.89%CURRENT US$
Rnk 131 / 186

About

Montenegro-Norway Trade: In 2022, Montenegro exported $235k to Norway. The main products that Montenegro exported to Norway were Imitation Jewellery ($59.8k), Jewellery ($30.7k), and Telephones ($23.1k). Over the past 5 years the exports of Montenegro to Norway have decreased at an annualized rate of 7.49%, from $348k in 2017 to $235k in 2022.

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

Norway-Montenegro Trade: In 2022, Norway exported $2.49M to Montenegro. The main products that Norway exported to Montenegro were Fish Fillets ($551k), Non-fillet Fresh Fish ($423k), and Cars ($349k). Over the past 5 years the exports of Norway to Montenegro have increased at an annualized rate of 3.89%,  from $2.06M in 2017 to $2.49M in 2022.

In 2022, Norway 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, Norway ranked 43 in the Economic Complexity Index (ECI 0.54), and 28 in total exports ($285B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $235k to Norway. The main products exported from Montenegro to Norway were Imitation Jewellery ($59.8k), Jewellery ($30.7k), and Telephones ($23.1k). During the last 5 years the exports of Montenegro to Norway have decreased at an annualized rate of 7.49%, from $348k in 2017 to $235k in 2022.

In 2017, Norway exported $2.49M to Montenegro. The main products exported from Norway to Montenegro were Fish Fillets ($551k), Non-fillet Fresh Fish ($423k), and Cars ($349k). During the last 5 years the exports of Norway to Montenegro have increased at an annualized rate of 3.89%, from $2.06M in 2022 to $2.49M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Norway (Flag)

Montenegro Exports

Norway Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Norway
Top DestinationGermany$78.1B

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 2022, countries that imported more from Montenegro than Norway included Bosnia and Herzegovina ($95.5M), Serbia ($159M), and Albania ($21.9M).

In 2022, countries that imported more from Norway than Montenegro included Germany ($78.1B), United Kingdom ($59.1B), and France ($25.9B).

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

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 2022, Montenegro had a large net trade with Norway in the exports of Precious Metals ($90.4k), Machines ($80.4k), and Vegetable Products ($12.8k).

During 2017, Norway had a large net trade with Montenegro in the exports of Animal Products ($1.29M), Machines ($398k), and Transportation ($367k).

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) (2022)

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