2022
Flag  
GDP
$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH
49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
 GDP
$579BCURRENT US$
Rnk 24 / 186
2012-2022
Flag
GDP GROWTH
13%CURRENT US$
Rnk 141 / 186
2022
Flag
GDP PC 
$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH
50.2%CURRENT US$
Rnk 35 / 186
2022
Flag
GDP PC
$106,149CURRENT US$
Rnk 3 / 186
2012-2022
Flag
GDP PC GROWTH
3.89%CURRENT US$
Rnk 131 / 186

About

Montenegro-Norway In 2022, Montenegro exported $235k to Norway. The main products that Montenegro exported to Norway are Imitation Jewellery ($59.8k), Jewellery ($30.7k), and Telephones ($23.1k). During the last 16 years the exports of Montenegro to Norway have increased at an annualized rate of 23.4%, from $8.12k in 2006 to $235k in 2022.

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

Norway-Montenegro 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). During the last 16 years the exports of Norway to Montenegro have increased at an annualized rate of 4.94%, from $1.15M in 2006 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 16 years the exports of Montenegro to Norway have increased at an annualized rate of 23.4%, from $8.12k in 2006 to $235k in 2022.

In 2022, 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 16 years the exports of Norway to Montenegro have increased at an annualized rate of 4.94%, from $1.15M in 2006 to $2.49M in 2022.

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 Destination
South Korea$321M
Norway
Top Destination
Germany$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 2021, countries that imported more from Montenegro than Norway were Bosnia and Herzegovina ($95.5M), Serbia ($159M), and Albania ($21.9M).

In 2021, countries that imported more from Norway than Montenegro were 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 2022, 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 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 Norway. Similarly, the more yellow a dot/product is, the more Norway has comparative advantage over Montenegro.

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

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