Montenegro (MNE) and Sweden (SWE) Trade | The Observatory of Economic Complexity

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

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

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 () to Sweden () (2022)

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

Latest Data

Trade between Montenegro () and Sweden ()

Montenegro Exports

Date

Sweden Exports

Date

Market Competitiveness

Color

Exports

Export Growth

Section

Year

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 () and Montenegro () (2022)

Comparative Advantage Montenegro - Sweden

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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).

Potential Exports

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Economic Complexity

Competitive Landscape

Year

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.

About

Historical Data

Bilateral Trade by Products

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

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

Latest Data

Trade between Montenegro () and Sweden ()

Montenegro Exports

Sweden Exports

Market Competitiveness

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

Comparative Advantage Montenegro - Sweden

Potential Exports

Potential Exports

Subscribe today to OEC pro and access the latest data

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Economic Complexity

Competitive Landscape

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

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