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Montenegro Trade Summary

2017

Montenegro exports, imports, tariff by year.
Montenegro monthly trade data
Montenegro quarterly trade data

Country and Region
Year
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Please note the exports, imports and tariff data are based on reported data and not gap filled. Please check the Data Availability for coverage.

Imports/Exports


Products

TRADE SUMMARY FOR MONTENEGRO 2017

Overall Exports and Imports for Montenegro 2017

Exports and imports of Montenegro in 2017 are below, along with number of countries and products

  • The total value of exports (FoB) was 421 million.
  • The total value of imports (CIF) was 2,611 million.
  • At the HS6 digit level, 1,626 products were exported to 80 countries and 3,730 products were imported from 179 countries.

Montenegro top 5 Export and Import partners 2017

Top five countries to which Montenegro exported in 2017 are below, along with the percent of total exports that went to that country:

  1. Montenegro exports to Serbia, FR(Serbia/Montenegro) worth US$ 75 million, with a partner share of 17.77 percent.
  2. Montenegro exports to Bosnia and Herzegovina worth US$ 53 million, with a partner share of 12.70 percent.
  3. Montenegro exports to Unspecified worth US$ 39 million, with a partner share of 9.38 percent.
  4. Montenegro exports to Hungary worth US$ 36 million, with a partner share of 8.53 percent.
  5. Montenegro exports to Hong Kong, China worth US$ 36 million, with a partner share of 8.53 percent.

Top five countries from which Montenegro imported goods in 2017 are below, along with percent of total imports that came from the country :

  1. Montenegro imports from Serbia, FR(Serbia/Montenegro) worth US$ 562 million, with a partner share of 21.52 percent.
  2. Montenegro imports from China worth US$ 251 million, with a partner share of 9.61 percent.
  3. Montenegro imports from Germany worth US$ 222 million, with a partner share of 8.51 percent.
  4. Montenegro imports from Italy worth US$ 191 million, with a partner share of 7.32 percent.
  5. Montenegro imports from Bosnia and Herzegovina worth US$ 172 million, with a partner share of 6.60 percent.

Montenegro Top 5 Productsexports imports at HS 6 digit level 2017

The top five exported HS 6 digit level products to world by Montenegro along with trade value are:

  1. Montenegro exported Aluminium unwrought, not alloyed , worth 79,940.25 (US$ Thousands).
  2. Montenegro exported Aluminium ores and concentrates , worth 37,937.84 (US$ Thousands).
  3. Montenegro exported Electrical energy , worth 26,369.93 (US$ Thousands).
  4. Montenegro exported Petroleum oils, etc, (excl. crude); preparation , worth 20,416.03 (US$ Thousands).
  5. Montenegro exported Coniferous wood sawn or chipped lengthwise, sli , worth 16,206.75 (US$ Thousands).

The top five imported HS 6 digit level products from world by Montenegro along with trade value are

  1. Montenegro imported Petroleum oils, etc, (excl. crude); preparation , worth 181,429.91 (US$ Thousands).
  2. Montenegro imported Electrical energy , worth 83,766.31 (US$ Thousands).
  3. Montenegro imported Automobiles with diesel engine displacing more , worth 62,774.87 (US$ Thousands).
  4. Montenegro imported Transmission apparatus, for radioteleph incorpo , worth 51,245.64 (US$ Thousands).
  5. Montenegro imported Other medicaments of mixed or unmixed products, , worth 49,592.92 (US$ Thousands).

Exports and Imports of Product Groups 2017

Exports and imports of products by stages of processing in 2017 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2017

Tariffs imposed by Montenegro in 2017 are below

  • The maximum rate of tariff in percentage on any product was 45 percent.
  • The simple average tariff across all products was 1.77 percent.
  • The trade weighted average tariff was 3.07 .
  • The total duty free imports in thousands of US dollars were 1,660,863.28 and duty free tariff line items share was 71.72 percent.

Development Indicators 2017

Key Development Indicators of Montenegro in 2017 are below

  • Montenegro GDP in current US dollar was 4,857 million.
  • GNI per capita, Atlas method (current US$) was 7,410.00 .
  • Montenegro Trade balance: as % of GDP was -23.44.
  • Trade balance in current US$ was -1,139.00 million.
  • Trade as percentage of GDP was 105.56 .
  • Trade in services as percentage of GDP was 45.16 .

Trade Indicators 2017

Trade Indicators for Montenegro in 2017 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 1.79.
  • World Growth in percentage was 5.17 and Montenegro Country Growth was 17.17 .