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Montenegro Trade Summary

2018

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


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TRADE SUMMARY FOR MONTENEGRO 2018

Overall Exports and Imports for Montenegro 2018

Exports and imports of Montenegro in 2018 are below, along with number of countries and products

  • The total value of exports (FoB) was 466 million.
  • The total value of imports (CIF) was 3,003 million.
  • At the HS6 digit level, 1,723 products were exported to 93 countries and 3,691 products were imported from 182 countries.

Montenegro top 5 Export and Import partners 2018

Top five countries to which Montenegro exported in 2018 are below, along with the percent of total exports that went to that country:

  1. Montenegro exports to Serbia, FR(Serbia/Montenegro) worth US$ 110 million, with a partner share of 23.62 percent.
  2. Montenegro exports to Hungary worth US$ 55 million, with a partner share of 11.71 percent.
  3. Montenegro exports to Unspecified worth US$ 40 million, with a partner share of 8.62 percent.
  4. Montenegro exports to Bosnia and Herzegovina worth US$ 37 million, with a partner share of 7.84 percent.
  5. Montenegro exports to Slovenia worth US$ 33 million, with a partner share of 7.15 percent.

Top five countries from which Montenegro imported goods in 2018 are below, along with percent of total imports that came from the country :

  1. Montenegro imports from Serbia, FR(Serbia/Montenegro) worth US$ 579 million, with a partner share of 19.30 percent.
  2. Montenegro imports from China worth US$ 302 million, with a partner share of 10.06 percent.
  3. Montenegro imports from Germany worth US$ 276 million, with a partner share of 9.20 percent.
  4. Montenegro imports from Italy worth US$ 224 million, with a partner share of 7.45 percent.
  5. Montenegro imports from Greece worth US$ 194 million, with a partner share of 6.45 percent.

Montenegro Top 5 Productsexports imports at HS 6 digit level 2018

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 US$ 85,111.90 million.
  2. Montenegro exported Electrical energy , worth US$ 60,789.92 million.
  3. Montenegro exported Petroleum oils, etc, (excl. crude); preparation , worth US$ 30,829.33 million.
  4. Montenegro exported Other medicaments of mixed or unmixed products, , worth US$ 24,608.87 million.
  5. Montenegro exported Aluminium ores and concentrates , worth US$ 17,919.01 million.

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 US$ 247,305.06 million.
  2. Montenegro imported Automobiles with diesel engine displacing more , worth US$ 70,460.51 million.
  3. Montenegro imported Other medicaments of mixed or unmixed products, , worth US$ 61,294.10 million.
  4. Montenegro imported Electric generating sets, nes , worth US$ 48,244.58 million.
  5. Montenegro imported Transmission apparatus, for radioteleph incorpo , worth US$ 44,037.45 million.

Exports and Imports of Product Groups 2018

Exports and imports of products by stages of processing in 2018 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2018

Tariffs imposed by Montenegro in 2018 are below

  • The maximum rate of tariff in percentage on any product was 45 percent.
  • The simple average tariff across all products was 1.80 percent.
  • The trade weighted average tariff was 2.84 .
  • The total duty free imports in thousands of US dollars were 1,948,089.67 and duty free tariff line items share was 71.78 percent.

Development Indicators 2018

Key Development Indicators of Montenegro in 2018 are below

  • Montenegro GDP in current US dollar was 5,507 million.
  • GNI per capita, Atlas method (current US$) was 8,450.00 .
  • Montenegro Trade balance: as % of GDP was -23.86.
  • Trade balance in current US$ was -1,314.00 million.
  • Trade as percentage of GDP was 109.61 .
  • Trade in services as percentage of GDP was 46.66 .

Trade Indicators 2018

Trade Indicators for Montenegro in 2018 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 1.79.
  • World Growth in percentage was 3.50 and Montenegro Country Growth was -9.03 .