Annual International Trade Statistics by Country (HS)
Publication date: 2024-01-28
Reporting period: 2002 - 2022
Timeseries: 194 million
Source:TrendEconomy
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Montenegro | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2011 - 2022

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2011
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2022
TOTAL. ALL COMMODITIESMontenegroWorldExportsValue (US$)627,531,806.00468,788,331.00494,375,744.00440,658,741.00353,079,512.00355,060,373.93420,870,887.94465,997,357.54463,202,279.00409,845,585.51515,916,303.81736,364,127.16
Value Growth, YoY (%)43.73-25.295.45-10.86-19.870.5618.5310.72-0.59-11.5125.8842.72
ImportsValue (US$)2,544,044,492.002,336,353,472.002,348,872,515.002,366,751,420.002,050,169,682.002,282,529,249.922,610,535,972.023,002,864,021.662,908,435,630.992,394,119,591.812,945,526,101.313,722,463,179.72
Value Growth, YoY (%)16.59-8.160.530.76-13.3711.3314.3715.02-3.14-17.6823.0326.37

The value of merchandise exports from Montenegro totalled $ 736 million in 2022. Merchandise exports from Montenegro increased by 42% compared to 2021. Goods exports grew up by $ 220 million in 2022 (the value of merchandise exports from Montenegro amounted to $515 million in 2021)

Montenegro's exports 2022 by country

Top export destinations of commodities from Montenegro in 2022:

  • Serbia with a share of 21% (157 million US$)
  • Switzerland with a share of 15.4% (113 million US$)
  • Bosnia and Herzegovina with a share of 12.9% (95 million US$)
  • Slovenia with a share of 7.29% (53 million US$)
  • Luxembourg with a share of 5.24% (38 million US$)
  • Areas, nes with a share of 4.94% (36 million US$)
  • Italy with a share of 4.56% (33 million US$)
  • Hong Kong with a share of 2.97% (21 million US$)
  • Albania with a share of 2.86% (21 million US$)
  • Germany with a share of 2.84% (20 million US$)

Exports structure from Montenegro in 2022 represented by the following main commodity groups:

  • 29% (220 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 25% (189 million US$): 76 - Aluminum and articles thereof
  • 6.87% (50 million US$): 44 - Wood and articles of wood; wood charcoal
  • 4.72% (34 million US$): 30 - Pharmaceutical products
  • 4.45% (32 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 3.49% (25 million US$): 26 - Ores, slag and ash
  • 3.11% (22 million US$): 02 - Meat and edible meat offal
  • 2.56% (18.8 million US$): 22 - Beverages, spirits and vinegar
  • 2.43% (17.9 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 1.37% (10.1 million US$): 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 2022?

Montenegro's Top Exports in 2022:

  • 24% ($179 million): 7601 - Unwrought aluminium
  • 24% ($178 million): 2716 - Electrical energy. (optional heading)
  • 4.72% ($34 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
  • 3.93% ($28 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
  • 3.91% ($28 million): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm
  • 2.39% ($17.6 million): 0210 - Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and
  • 2.22% ($16.4 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
  • 2.15% ($15.8 million): 2608 - Zinc ores and concentrates
  • 1.77% ($13 million): 2204 - Wine of fresh grapes, including fortified wines; grape must other than that of heading 20.09.
  • 1.7% ($12.5 million): 2702 - Lignite, whether or not agglomerated, excluding jet

The value of merchandise imports to Montenegro totalled $ 3.72 billion in 2022. Merchandise imports to Montenegro increased by 26% compared to 2021. Goods imports grew up by $ 776 million in 2022 (the value of merchandise imports to Montenegro was equal to $2.94 billion in 2021)

Montenegro's imports 2022 by country

Top trading partners (import sources) of Montenegro in 2022:

  • Serbia with a share of 17.4% (648 million US$)
  • China with a share of 9.33% (347 million US$)
  • Greece with a share of 8.34% (310 million US$)
  • Germany with a share of 7.68% (285 million US$)
  • Croatia with a share of 6.07% (225 million US$)
  • Italy with a share of 5.58% (207 million US$)
  • Bosnia and Herzegovina with a share of 5.06% (188 million US$)
  • Turkey with a share of 4.81% (179 million US$)
  • Switzerland with a share of 3.88% (144 million US$)
  • Venezuela with a share of 2.04% (75 million US$)

Imports structure to Montenegro in 2022 represented by the following main commodity groups:

  • 17.6% (655 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 6.63% (246 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 6.56% (244 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.04% (224 million US$): 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
  • 4.43% (165 million US$): 76 - Aluminum and articles thereof
  • 4.24% (158 million US$): 30 - Pharmaceutical products
  • 3.25% (120 million US$): 02 - Meat and edible meat offal
  • 2.82% (105 million US$): 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
  • 2.62% (97 million US$): 39 - Plastics and articles thereof
  • 2.55% (95 million US$): 22 - Beverages, spirits and vinegar

What did Montenegro import in 2022?

Montenegro's Top Imports in 2022:

  • 10.8% ($403 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
  • 5.91% ($220 million): 2716 - Electrical energy. (optional heading)
  • 3.91% ($145 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
  • 3.21% ($119 million): 7601 - Unwrought aluminium
  • 3.06% ($114 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
  • 1.72% ($64 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
  • 1.69% ($63 million): 0203 - Meat of swine, fresh, chilled or frozen.
  • 1.27% ($47 million): 9403 - Other furniture and parts thereof
  • 1.18% ($44 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
  • 1.11% ($41 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.

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Montenegro | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2011 - 2022