Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2023
Timeseries: 194 million
Source:TrendEconomy
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Montenegro | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023

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2023
TOTAL. ALL COMMODITIESMontenegroWorldExportsValue (US$)468,788,331.00494,375,744.00440,658,741.00353,079,512.00355,060,373.93420,870,887.94465,997,357.54463,202,279.00409,845,585.51515,916,303.81736,364,127.16722,520,232.81
Value Growth, YoY (%)-25.295.45-10.86-19.870.5618.5310.72-0.59-11.5125.8842.72-1.88
ImportsValue (US$)2,336,353,472.002,348,872,515.002,366,751,420.002,050,169,682.002,282,529,249.922,610,535,972.023,002,864,021.662,908,435,630.992,394,119,591.812,945,526,101.313,722,463,179.724,116,052,842.25
Value Growth, YoY (%)-8.160.530.76-13.3711.3314.3715.02-3.14-17.6823.0326.3710.57

The value of merchandise exports from Montenegro totalled $ 722 million in 2023. Overall commodity exports from Montenegro decreased by 1.88% compared to 2022. Merchandise exports decreased by $ 13.8 million (the value of merchandise exports from Montenegro amounted to $736 million in 2022)

Montenegro's exports 2023 by country

Top export destinations of commodities from Montenegro in 2023:

  • Serbia with a share of 28% (206 million US$)
  • Bosnia and Herzegovina with a share of 11.3% (81 million US$)
  • Slovenia with a share of 10.9% (79 million US$)
  • Areas, nes with a share of 5.42% (39 million US$)
  • Czech Republic with a share of 4.44% (32 million US$)
  • Hong Kong with a share of 4.31% (31 million US$)
  • Luxembourg with a share of 4.19% (30 million US$)
  • Switzerland with a share of 3.75% (27 million US$)
  • Albania with a share of 3.34% (24 million US$)
  • Germany with a share of 3.2% (23 million US$)

Exports structure from Montenegro in 2023 represented by the following main commodity groups:

  • 36% (264 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 11.6% (84 million US$): 76 - Aluminum and articles thereof
  • 7.43% (53 million US$): 44 - Wood and articles of wood; wood charcoal
  • 6.27% (45 million US$): 22 - Beverages, spirits and vinegar
  • 6.2% (44 million US$): 30 - Pharmaceutical products
  • 3.86% (27 million US$): 02 - Meat and edible meat offal
  • 3.71% (26 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 3.39% (24 million US$): 26 - Ores, slag and ash
  • 2.39% (17.3 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 1.87% (13.5 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles

What did Montenegro export in 2023?

Montenegro's Top Exports in 2023:

  • 30% ($223 million): 2716 - Electrical energy. (optional heading)
  • 10.6% ($77 million): 7601 - Unwrought aluminium
  • 6.2% ($44 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 4.18% ($30 million): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm
  • 3.84% ($27 million): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 3.57% ($25 million): 2208 - Undenatured ethyl alcohol of an alcoholic strength by volume of less than 80 % vol; spirits, liqueurs and other spirituous beverages
  • 3.11% ($22 million): 0210 - Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and
  • 2.37% ($17.1 million): 4401 - Fuel wood, in logs, in billets, in twigs, in faggots or in similar forms; wood in chips or particles; sawdust and wood waste and scrap, whether or not agglomerated in logs, briquettes, pellets or similar forms
  • 2.01% ($14.5 million): 2204 - Wine of fresh grapes, including fortified wines; grape must other than that of heading 20.09.
  • 1.8% ($13 million): 2702 - Lignite, whether or not agglomerated, excluding jet

The value of merchandise imports to Montenegro totalled $ 4.11 billion in 2023. Merchandise imports to Montenegro increased by 10.5% compared to 2022. Goods imports grew up by $ 393 million in 2023 (the value of merchandise imports to Montenegro was equal to $3.72 billion in 2022)

Montenegro's imports 2023 by country

Top trading partners (import sources) of Montenegro in 2023:

  • Serbia with a share of 17.3% (715 million US$)
  • China with a share of 11.1% (459 million US$)
  • Germany with a share of 9.67% (398 million US$)
  • Greece with a share of 6.45% (265 million US$)
  • Italy with a share of 6.14% (253 million US$)
  • Croatia with a share of 5.94% (244 million US$)
  • Turkey with a share of 5.12% (210 million US$)
  • Bosnia and Herzegovina with a share of 4.84% (199 million US$)
  • France with a share of 2.38% (98 million US$)
  • Spain with a share of 1.99% (82 million US$)

Imports structure to Montenegro in 2023 represented by the following main commodity groups:

  • 10.3% (426 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 8.8% (362 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 7.51% (309 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.26% (257 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 4.86% (200 million US$): 30 - Pharmaceutical products
  • 3.81% (157 million US$): 02 - Meat and edible meat offal
  • 3.18% (130 million US$): 94 - Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.s.; illuminated signs, illuminated name-plates and the like; prefabricated buildings
  • 3.11% (128 million US$): 22 - Beverages, spirits and vinegar
  • 2.98% (122 million US$): 73 - Articles of iron or steel
  • 2.71% (111 million US$): 39 - Plastics and articles thereof

What did Montenegro import in 2023?

Montenegro's Top Imports in 2023:

  • 8.26% ($340 million): 2710 - Petroleum oils and oils from bituminous minerals, not crude; preparations n.e.c. containing by weight 70% or more of petroleum oils or oils from bituminous minerals; these being the basic constituents of the preparations; waste oils
  • 6.06% ($249 million): 8703 - Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars
  • 3.43% ($141 million): 3004 - Medicaments (excluding goods of heading 30.02, 30.05 or 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packings for retail sale
  • 2.23% ($92 million): 0203 - Meat of swine, fresh, chilled or frozen.
  • 1.85% ($76 million): 8517 - Electrical apparatus for line telephony or line telegraphy, including line telephone sets with cordless handsets and telecommunication apparatus for carrier-current line systems or for digital line systems; videophones
  • 1.53% ($63 million): 2716 - Electrical energy. (optional heading)
  • 1.48% ($61 million): 9403 - Other furniture and parts thereof
  • 1.38% ($56 million): 1905 - Bread, pastry, cakes, biscuits and other bakers' wares, whether or not containing cocoa; communion wafers, empty cachets of a kind suitable for pharmaceutical use, sealing wafers, rice paper and similar products
  • 1.34% ($55 million): 2202 - Waters, including mineral waters and aerated waters, containing added sugar or other sweetening matter or flavoured, and other non-alcoholic beverages, not including fruit or vegetable juices of heading 20.09.
  • 1.3% ($53 million): 2523 - Portland cement, aluminous cement, slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers

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Montenegro | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2012 - 2023