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Montenegro Trade Summary

2019

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 2019

Overall Exports and Imports for Montenegro 2019

Exports and imports of Montenegro in 2019 are below, along with number of countries and products

  • The total value of exports (FoB) was 463 million.
  • The total value of imports (CIF) was 2,908 million.
  • At the HS6 digit level, 1,700 products were exported to 99 countries and 3,697 products were imported from 184 countries.

Montenegro top 5 Export and Import partners 2019

Top five countries to which Montenegro exported in 2019 are below, along with the percent of total exports that went to that country:

  1. Montenegro exports to Serbia, FR(Serbia/Montenegro) worth US$ 121 million, with a partner share of 26.08 percent.
  2. Montenegro exports to Unspecified worth US$ 52 million, with a partner share of 11.21 percent.
  3. Montenegro exports to Hungary worth US$ 50 million, with a partner share of 10.86 percent.
  4. Montenegro exports to Bosnia and Herzegovina worth US$ 33 million, with a partner share of 7.21 percent.
  5. Montenegro exports to Slovenia worth US$ 28 million, with a partner share of 6.15 percent.

Top five countries from which Montenegro imported goods in 2019 are below, along with percent of total imports that came from the country :

  1. Montenegro imports from Serbia, FR(Serbia/Montenegro) worth US$ 596 million, with a partner share of 20.48 percent.
  2. Montenegro imports from Germany worth US$ 260 million, with a partner share of 8.93 percent.
  3. Montenegro imports from China worth US$ 231 million, with a partner share of 7.93 percent.
  4. Montenegro imports from Italy worth US$ 206 million, with a partner share of 7.08 percent.
  5. Montenegro imports from Bosnia and Herzegovina worth US$ 186 million, with a partner share of 6.40 percent.

Montenegro Top 5 Productsexports imports at HS 6 digit level 2019

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 69,364.63 (US$ Thousands).
  2. Montenegro exported Electrical energy , worth 63,579.67 (US$ Thousands).
  3. Montenegro exported Petroleum oils, etc, (excl. crude); preparation , worth 29,788.39 (US$ Thousands).
  4. Montenegro exported Other medicaments of mixed or unmixed products, , worth 25,284.45 (US$ Thousands).
  5. Montenegro exported Coniferous wood sawn or chipped lengthwise, sli , worth 21,765.07 (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 220,955.56 (US$ Thousands).
  2. Montenegro imported Other medicaments of mixed or unmixed products, , worth 70,365.49 (US$ Thousands).
  3. Montenegro imported Electrical energy , worth 69,043.02 (US$ Thousands).
  4. Montenegro imported Automobiles with diesel engine displacing more , worth 62,581.79 (US$ Thousands).
  5. Montenegro imported Transmission apparatus, for radioteleph incorpo , worth 46,967.55 (US$ Thousands).

Exports and Imports of Product Groups 2019

Exports and imports of products by stages of processing in 2019 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2019

Tariffs imposed by Montenegro in 2019 are below

  • The maximum rate of tariff in percentage on any product was 45.03 percent.
  • The simple average tariff across all products was 1.51 percent.
  • The trade weighted average tariff was 0.99 .
  • The total duty free imports in thousands of US dollars were 2,340,595.37 and duty free tariff line items share was 75.81 percent.

Development Indicators 2019

Key Development Indicators of Montenegro in 2019 are below

  • Montenegro GDP in current US dollar was 5,542 million.
  • GNI per capita, Atlas method (current US$) was 9,140.00 .
  • Montenegro Trade balance: as % of GDP was -21.15.
  • Trade balance in current US$ was -1,172.00 million.
  • Trade as percentage of GDP was 108.84 .
  • Trade in services as percentage of GDP was 48.22 .

Trade Indicators 2019

Trade Indicators for Montenegro in 2019 are below

  • Hirschman Herfindahl market concentration index was 0.07.
  • Index of export market penetration was 1.86.
  • World Growth in percentage was -1.34 and Montenegro Country Growth was -2.57 .