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2022
Flag → Flag
Exports $1.83MRnk 34 / 123
2022
Flag → Flag
Top Product $1.38MTransmissions
2022
Flag → Flag
Exports $22.5MRnk 113 / 217
2022
Flag → Flag
Top Product $2.94MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
Flag  
GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
Flag
GDP GROWTH6.06%CURRENT US$
Rnk 151 / 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$55,873CURRENT US$
Rnk 13 / 186
2012-2022
Flag
GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186

About

Montenegro-Sweden Trade: In 2022, Montenegro exported $1.83M to Sweden. The main products that Montenegro exported to Sweden were Transmissions ($1.38M), Preserved Meat ($209k), and Sausages ($53.6k). Over the past 5 years the exports of Montenegro to Sweden have decreased at an annualized rate of 14.1%, from $3.92M in 2017 to $1.83M in 2022.

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

Sweden-Montenegro Trade: In 2022, Sweden exported $22.5M to Montenegro. The main products that Sweden exported to Montenegro were Packaged Medicaments ($2.94M), Flat Flat-Rolled Steel ($2.64M), and Special purpose motor vehicles ($2.36M). Over the past 5 years the exports of Sweden to Montenegro have decreased at an annualized rate of 2.15%,  from $25M in 2017 to $22.5M in 2022.

In 2022, Sweden 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, Sweden ranked 9 in the Economic Complexity Index (ECI 1.49), and 33 in total exports ($194B).

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Montenegro exported $1.83M to Sweden. The main products exported from Montenegro to Sweden were Transmissions ($1.38M), Preserved Meat ($209k), and Sausages ($53.6k). During the last 5 years the exports of Montenegro to Sweden have decreased at an annualized rate of 14.1%, from $3.92M in 2017 to $1.83M in 2022.

In 2017, Sweden exported $22.5M to Montenegro. The main products exported from Sweden to Montenegro were Packaged Medicaments ($2.94M), Flat Flat-Rolled Steel ($2.64M), and Special purpose motor vehicles ($2.36M). During the last 5 years the exports of Sweden to Montenegro have decreased at an annualized rate of 2.15%, from $25M in 2022 to $22.5M in 2017.

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

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

Latest Data

Trade between Montenegro (Flag) and Sweden (Flag)

Montenegro Exports

Sweden Exports

Market Competitiveness

Color
Montenegro
Top DestinationSouth Korea$321M
Sweden
Top DestinationGermany$19.2B

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

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

In 2022, countries that imported more from Sweden than Montenegro included Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

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

Comparative Advantage Montenegro - Sweden

Flow
Scale

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

During 2022, Montenegro had a large net trade with Sweden in the exports of Machines ($1.42M), Animal Products ($216k), and Foodstuffs ($69.8k).

During 2017, Sweden had a large net trade with Montenegro in the exports of Transportation ($6.78M), Machines ($5.42M), and Chemical Products ($4.31M).

Economic Complexity

Competitive Landscape

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

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

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