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Montenegro: Trade Statistics

Exporter Rank

124 / 138

Importer Rank

118 / 138

Trade Balance Rank

77 / 138

Total Trade [1]

Total Exports (2021) $515,916,303
Total Imports (2021) $2,945,526,101
Trade Balance (2021) ($2,429,609,798)
Exports of goods and services (% of GDP) (2022) [2] 52.68%
Imports of goods and services (% of GDP) (2022) [2] 75.97%

Trade Partners [1]

Export Partners

Top 10 Export Countries

Country Export USD$
Serbia $126,856,658
Switzerland $59,474,917
Bosnia and Herzegovina $39,491,931
Italy $29,911,271
Turkey $28,602,492
Slovenia $25,939,361
Germany $24,029,991
Albania $23,589,420
Poland $17,936,410
Czechia $13,291,857

Import Partners

Top 10 Import Countries

Country Import USD$
Serbia $591,588,828
China $289,705,622
Germany $272,663,474
Italy $183,660,746
Greece $174,321,789
Croatia $163,348,980
Bosnia and Herzegovina $152,317,963
Turkey $129,833,421
Spain $63,507,149
Switzerland $63,253,119

Traded Goods [1] (at the 2-digit HS Code level)

Top 10 Export Goods

HS Code Export USD$
(76) Aluminum $104,296,638
(27) Oil & Mineral Fuels $95,570,907
(44) Wood $44,006,183
(72) Iron & Steel $32,877,550
(84) Industrial Machinery $30,602,631
(26) Ores $28,084,905
(30) Pharmaceuticals $26,930,434
(22) Beverages $20,050,396
(02) Meat $14,735,757
(87) Motor Vehicles & Parts $11,168,409

Top 10 Import Goods

HS Code Import USD$
(27) Oil & Mineral Fuels $336,077,456
(84) Industrial Machinery $216,881,506
(85) Electrical Machinery $181,531,836
(30) Pharmaceuticals $181,241,188
(87) Motor Vehicles & Parts $177,629,745
(73) Iron & Steel Articles $103,164,511
(02) Meat $94,598,872
(39) Plastics $93,865,516
(22) Beverages $80,839,106
(94) Furniture $80,324,306

Sources:

  1. UN Comtrade (2021) except where stated otherwise.
  2. The World Bank. Accessed: 10/8/2023
Montenegro