Annual International Trade Statistics by Country (HS)
Publication date: 2022-11-14
Reporting period: 2002 - 2021
Timeseries: 194 million
Source:TrendEconomy
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Montenegro | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2010 - 2021

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TOTAL. ALL COMMODITIESMontenegroWorldExportsValue (US$)436,575,412.00627,531,806.00468,788,331.00494,375,744.00440,658,741.00353,079,512.00355,060,373.00420,870,887.00465,997,357.00463,202,279.00409,845,585.51515,916,303.81
Value Growth, YoY (%)12.6543.73-25.295.45-10.86-19.870.5618.5310.72-0.59-11.5125.88
ImportsValue (US$)2,181,940,294.002,544,044,492.002,336,353,472.002,348,872,515.002,366,751,420.002,050,169,682.002,282,529,249.002,610,535,972.003,002,864,021.002,908,435,630.992,394,119,591.812,945,526,101.31
Value Growth, YoY (%)-5.6716.59-8.160.530.76-13.3711.3314.3715.02-3.14-17.6823.03

The value of merchandise exports from Montenegro totalled $ 515 million in 2021. Merchandise exports from Montenegro increased by 25% compared to 2020. Goods exports grew up by $ 106 million in 2021 (the value of merchandise exports from Montenegro amounted to $409 million in 2020)

Montenegro's exports 2021 by country

Top export destinations of commodities from Montenegro in 2021:

  • Serbia with a share of 24% (126 million US$)
  • Switzerland with a share of 11.5% (59 million US$)
  • Bosnia and Herzegovina with a share of 7.65% (39 million US$)
  • Areas, nes with a share of 6.69% (34 million US$)
  • Italy with a share of 5.79% (29 million US$)
  • Turkey with a share of 5.54% (28 million US$)
  • Slovenia with a share of 5.02% (25 million US$)
  • Germany with a share of 4.65% (24 million US$)
  • Albania with a share of 4.57% (23 million US$)
  • Poland with a share of 3.47% (17.9 million US$)

Exports structure from Montenegro in 2021 represented by the following main commodity groups:

  • 20% (104 million US$): 76 - Aluminum and articles thereof
  • 18.5% (95 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 8.52% (44 million US$): 44 - Wood and articles of wood; wood charcoal
  • 6.37% (32 million US$): 72 - Iron and steel
  • 5.93% (30 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 5.44% (28 million US$): 26 - Ores, slag and ash
  • 5.21% (26 million US$): 30 - Pharmaceutical products
  • 3.88% (20 million US$): 22 - Beverages, spirits and vinegar
  • 2.85% (14.7 million US$): 02 - Meat and edible meat offal
  • 2.16% (11.1 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof

What did Montenegro export in 2021?

Montenegro's Top Exports in 2021:

  • 18.5% ($95 million): 7601 - Unwrought aluminium
  • 14.7% ($75 million): 2716 - Electrical energy. (optional heading)
  • 6.39% ($33 million): 4407 - Wood sawn or chipped lengthwise, sliced or peeled, whether or not planed, sanded or end-jointed, of a thickness exceeding 6 mm
  • 5.21% ($26 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% ($25 million): 7204 - Ferrous waste and scrap; remelting scrap ingots of iron or steel.
  • 3.17% ($16.3 million): 2608 - Zinc ores and concentrates
  • 2.8% ($14.4 million): 2204 - Wine of fresh grapes, including fortified wines; grape must other than that of heading 20.09.
  • 2.65% ($13.7 million): 0210 - Meat and edible meat offal, salted, in brine, dried or smoked; edible flours and
  • 2.25% ($11.6 million): 2606 - Aluminium ores and concentrates
  • 2.21% ($11.4 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

The value of merchandise imports to Montenegro totalled $ 2.94 billion in 2021. Merchandise imports to Montenegro increased by 23% compared to 2020. Goods imports grew up by $ 551 million in 2021 (the value of merchandise imports to Montenegro was equal to $2.39 billion in 2020)

Montenegro's imports 2021 by country

Top trading partners (import sources) of Montenegro in 2021:

  • Serbia with a share of 20% (591 million US$)
  • China with a share of 9.83% (289 million US$)
  • Germany with a share of 9.25% (272 million US$)
  • Italy with a share of 6.23% (183 million US$)
  • Greece with a share of 5.91% (174 million US$)
  • Croatia with a share of 5.54% (163 million US$)
  • Bosnia and Herzegovina with a share of 5.17% (152 million US$)
  • Turkey with a share of 4.4% (129 million US$)
  • Spain with a share of 2.15% (63 million US$)
  • Switzerland with a share of 2.14% (63 million US$)

Imports structure to Montenegro in 2021 represented by the following main commodity groups:

  • 11.4% (336 million US$): 27 - Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes
  • 7.36% (216 million US$): 84 - Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof
  • 6.16% (181 million US$): 85 - Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles
  • 6.15% (181 million US$): 30 - Pharmaceutical products
  • 6.03% (177 million US$): 87 - Vehicles other than railway or tramway rolling stock, and parts and accessories thereof
  • 3.5% (103 million US$): 73 - Articles of iron or steel
  • 3.21% (94 million US$): 02 - Meat and edible meat offal
  • 3.18% (93 million US$): 39 - Plastics and articles thereof
  • 2.74% (80 million US$): 22 - Beverages, spirits and vinegar
  • 2.72% (80 million US$): 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

What did Montenegro import in 2021?

Montenegro's Top Imports in 2021:

  • 7.27% ($214 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
  • 3.85% ($113 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
  • 3.69% ($108 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
  • 2.82% ($83 million): 2716 - Electrical energy. (optional heading)
  • 2.11% ($62 million): 3002 - Human blood; animal blood for therapeutic, prophylactic or diagnostic uses; antisera, other blood fractions, immunological products, modified or obtained by biotechnological processes; vaccines, toxins, cultures of micro-organisms (excluding yeasts) etc
  • 1.87% ($55 million): 0203 - Meat of swine, fresh, chilled or frozen.
  • 1.63% ($48 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
  • 1.29% ($38 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
  • 1.24% ($36 million): 2106 - Food preparations not elsewhere specified or included
  • 1.21% ($35 million): 9403 - Other furniture and parts thereof

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Montenegro | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, YoY (%) | 2010 - 2021