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2022
Flag → Flag
Exports $22.5MRnk 113 / 217
2022
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Top Product $2.94MPackaged Medicaments
2022
Flag → Flag
Exports $1.83MRnk 34 / 123
2022
Flag → Flag
Top Product $1.38MTransmissions
2022
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Economic Complexity (ECI) ECI 1.49Rnk 9 / 133
2022
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GDP$586BCURRENT US$
Rnk 23 / 186
2012-2022
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GDP GROWTH6.06%CURRENT US$
Rnk 151 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $55,873CURRENT US$
Rnk 13 / 186
2012-2022
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GDP PC GROWTH-3.73%CURRENT US$
Rnk 149 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Sweden-Montenegro In 2022, Sweden exported $22.5M to Montenegro. The main products that Sweden exported to Montenegro are Packaged Medicaments ($2.94M), Flat Flat-Rolled Steel ($2.64M), and Special purpose motor vehicles ($2.36M). During the last 16 years the exports of Sweden to Montenegro have increased at an annualized rate of 2.89%, from $14.2M in 2006 to $22.5M in 2022.

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

Montenegro-Sweden 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). During the last 16 years the exports of Montenegro to Sweden have increased at an annualized rate of 5.43%, from $785k in 2006 to $1.83M in 2022.

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

Comparison In 2022,  Sweden ranked 9 in the Economic Complexity Index (ECI 1.49),  and 33 in total exports ($194B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Sweden exported SEK2.32M and imported SEK174M from Montenegro, resulting in a negative trade balance of SEK172M. Between January 2023 and January 2024 the exports of Sweden have decreased by SEK-1.66M (-41.7%) from SEK3.98M to SEK2.32M, while imports increased by SEK173M (9.4k%) from SEK1.84M to SEK174M.

Trade In January 2024, the top exports of Sweden to Montenegro were Cars (SEK1.23M), Flat Flat-Rolled Steel (SEK1.18M), Telephones (SEK534k), Other Zinc Products (SEK511k), and Gas and Liquid Flow Measuring Instruments (SEK106k). In January 2024 the top imports of Sweden from Montenegro were Transmissions (SEK1.82M), Other Edible Preparations (SEK8k), and Tea (SEK6k).

Growth In January 2024, the decrease in Sweden's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Other Zinc Products (SEK-2.08M or -80.3%), Flat Flat-Rolled Steel (SEK-256k or -17.9%), and Cars (SEK-153k or -11.1%). In January 2024, the increase in Sweden's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in Transmissions (SEK384k or 26.7%), Other Edible Preparations (SEK7k or 700%), and Tea (SEK4k or 200%).

Latest Trade

Flow
Time Scale
Depth
Value
EXPORT GROWTH (January 2023 - January 2024)SEK-1.66M(-41.7%)
IMPORT GROWTH (January 2023 - January 2024)SEK173M(9.4k%)

This section shows exports and imports data at subnational level for Sweden. Click any date in the line plot or any product to explore the exports or imports behavior of Sweden over time.

To check Montenegro and Sweden trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, 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 16 years the exports of Sweden to Montenegro have increased at an annualized rate of 2.89%, from $14.2M in 2006 to $22.5M in 2022.

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 16 years the exports of Montenegro to Sweden have increased at an annualized rate of 5.43%, from $785k in 2006 to $1.83M in 2022.

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

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

Market Competitiveness

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

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

In 2021, countries that imported more from Sweden than Montenegro were Germany ($19.2B), Norway ($18.7B), and United States ($17.8B).

In 2021, countries that imported more from Montenegro than Sweden were Bosnia and Herzegovina ($95.5M) and Albania ($21.9M).

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

Comparative Advantage Sweden - Montenegro

Flow
Scale

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

During 2022, Sweden had a large net trade with Montenegro in the exports of Transportation ($6.78M), Machines ($5.42M), and Chemical Products ($4.31M).

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

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 Sweden has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Sweden.

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

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