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 (%) | 2020

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2020
TOTAL. ALL COMMODITIESMontenegroWorldExportsValue (US$)409,845,585.51
Value Growth, YoY (%)-11.51
ImportsValue (US$)2,394,119,591.81
Value Growth, YoY (%)-17.68

The value of merchandise exports from Montenegro totalled $ 409 million in 2020. Overall commodity exports from Montenegro decreased by 11.5% compared to 2019. Merchandise exports decreased by $ 53 million (the value of merchandise exports from Montenegro amounted to $463 million in 2019)

Montenegro's exports 2020 by country

Top export destinations of commodities from Montenegro in 2020:

  • Serbia with a share of 28% (115 million US$)
  • Slovenia with a share of 9.97% (40 million US$)
  • Areas, nes with a share of 7.14% (29 million US$)
  • Hungary with a share of 6.29% (25 million US$)
  • Bosnia and Herzegovina with a share of 6.22% (25 million US$)
  • China with a share of 6.19% (25 million US$)
  • Germany with a share of 4.82% (19.7 million US$)
  • Turkey with a share of 3.76% (15.4 million US$)
  • Albania with a share of 3.62% (14.8 million US$)
  • Poland with a share of 3.32% (13.6 million US$)

Exports structure from Montenegro in 2020 represented by the following main commodity groups:

  • 16.6% (68 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 16.4% (67 million US$): 76 - Aluminum and articles thereof
  • 9.17% (37 million US$): 26 - Ores, slag and ash
  • 8.78% (36 million US$): 44 - Wood and articles of wood; wood charcoal
  • 6.73% (27 million US$): 30 - Pharmaceutical products
  • 5.57% (22 million US$): 72 - Iron and steel
  • 5.03% (20 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 4.23% (17.3 million US$): 22 - Beverages, spirits and vinegar
  • 3.35% (13.7 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 2.73% (11.2 million US$): 02 - Meat and edible meat offal

What did Montenegro export in 2020?

Montenegro's Top Exports in 2020:

  • 15.6% ($64 million): 7601 - Unwrought aluminium
  • 13.9% ($57 million): 2716 - Electrical energy. (optional heading)
  • 6.72% ($27 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
  • 5.75% ($23 million): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm
  • 5.42% ($22 million): 2606 - Aluminium ores and concentrates
  • 3.05% ($12.5 million): 2204 - Wine of fresh grapes, including fortified wines; grape must other than that of heading 20.09.
  • 2.94% ($12 million): 2608 - Zinc ores and concentrates
  • 2.57% ($10.5 million): 0210 - Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and
  • 2.54% ($10.4 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
  • 2.04% ($8.36 million): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.

The value of merchandise imports to Montenegro totalled $ 2.39 billion in 2020. Overall commodity imports to Montenegro decreased by 17.6% compared to 2019. Merchandise imports decreased by $ 514 million (the value of merchandise imports to Montenegro was equal to $2.9 billion in 2019)

Montenegro's imports 2020 by country

Top trading partners (import sources) of Montenegro in 2020:

  • Serbia with a share of 19.7% (473 million US$)
  • China with a share of 10.3% (248 million US$)
  • Germany with a share of 9.7% (232 million US$)
  • Italy with a share of 6.4% (153 million US$)
  • Bosnia and Herzegovina with a share of 5.67% (135 million US$)
  • Croatia with a share of 5.48% (131 million US$)
  • Turkey with a share of 5.14% (123 million US$)
  • Greece with a share of 4.37% (104 million US$)
  • France with a share of 2.1% (50 million US$)
  • Spain with a share of 2.08% (49 million US$)

Imports structure to Montenegro in 2020 represented by the following main commodity groups:

  • 8.47% (202 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 8.39% (200 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 7.96% (190 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 6.27% (150 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 5.35% (128 million US$): 30 - Pharmaceutical products
  • 3.76% (90 million US$): 73 - Articles of iron or steel
  • 3.35% (80 million US$): 02 - Meat and edible meat offal
  • 3.3% (79 million US$): 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
  • 3.24% (77 million US$): 39 - Plastics and articles thereof
  • 2.21% (53 million US$): 22 - Beverages, spirits and vinegar

What did Montenegro import in 2020?

Montenegro's Top Imports in 2020:

  • 4.97% ($119 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
  • 3.9% ($93 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
  • 3.29% ($78 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
  • 2.33% ($55 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
  • 2.12% ($50 million): 0203 - Meat of swine, fresh, chilled or frozen.
  • 1.95% ($46 million): 2716 - Electrical energy. (optional heading)
  • 1.65% ($39 million): 2523 - Portland cement, aluminous cement, slag cement, supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers
  • 1.42% ($34 million): 9403 - Other furniture and parts thereof
  • 1.41% ($33 million): 7308 - Structures (excluding prefabricated buildings of heading 94.06) and parts of structures (for example, bridges and bridge-sections, lock-gates, towers, lattice masts, roofs, roofing frame-works, doors and windows and their frames and thresholds for doors, shutters, balustrades, pillars and columns), of iron or steel; plates, rods, angles, shapes, sections, tubes and the like, prepared for use in structures, of iron or steel
  • 1.2% ($28 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

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Montenegro | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2020