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Montenegro Trade Summary

2021

Montenegro exports, imports, tariff by year.

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 2021

Overall Exports and Imports for Montenegro 2021

Exports and imports of Montenegro in 2021 are below, along with number of countries and products

  • The total value of exports (FoB) was 516 million.
  • The total value of imports (CIF) was 2,946 million.
  • At the HS6 digit level, 1,700 products were exported to 107 countries and 3,681 products were imported from 180 countries.

Montenegro top 5 Export and Import partners 2021

Top five countries to which Montenegro exported in 2021 are below, along with the percent of total exports that went to that country:

  1. Montenegro exports to Serbia, FR(Serbia/Montenegro) worth US$ 127 million, with a partner share of 24.59 percent.
  2. Montenegro exports to Switzerland worth US$ 59 million, with a partner share of 11.53 percent.
  3. Montenegro exports to Bosnia and Herzegovina worth US$ 39 million, with a partner share of 7.65 percent.
  4. Montenegro exports to Unspecified worth US$ 35 million, with a partner share of 6.70 percent.
  5. Montenegro exports to Italy worth US$ 30 million, with a partner share of 5.80 percent.

Top five countries from which Montenegro imported goods in 2021 are below, along with percent of total imports that came from the country :

  1. Montenegro imports from Serbia, FR(Serbia/Montenegro) worth US$ 592 million, with a partner share of 20.08 percent.
  2. Montenegro imports from China worth US$ 290 million, with a partner share of 9.84 percent.
  3. Montenegro imports from Germany worth US$ 273 million, with a partner share of 9.26 percent.
  4. Montenegro imports from Italy worth US$ 184 million, with a partner share of 6.24 percent.
  5. Montenegro imports from Greece worth US$ 174 million, with a partner share of 5.92 percent.

Montenegro Top 5 Productsexports imports at HS 6 digit level 2021

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

  1. Montenegro exported Electrical energy , worth 75,874.10 (US$ Thousands).
  2. Montenegro exported Aluminium unwrought, not alloyed , worth 50,183.47 (US$ Thousands).
  3. Montenegro exported Aluminium unwrought, alloyed , worth 45,622.58 (US$ Thousands).
  4. Montenegro exported Coniferous wood sawn or chipped lengthwise, sli , worth 26,934.24 (US$ Thousands).
  5. Montenegro exported Other medicaments of mixed or unmixed products, , worth 26,888.65 (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 214,277.62 (US$ Thousands).
  2. Montenegro imported Other medicaments of mixed or unmixed products, , worth 90,464.45 (US$ Thousands).
  3. Montenegro imported Electrical energy , worth 83,279.90 (US$ Thousands).
  4. Montenegro imported Automobiles with diesel engine displacing more , worth 54,094.05 (US$ Thousands).
  5. Montenegro imported Transmission apparatus, for radioteleph incorpo , worth 44,427.41 (US$ Thousands).

Exports and Imports of Product Groups 2021

Exports and imports of products by stages of processing in 2021 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2021

Tariffs imposed by Montenegro in 2021 are below

  • The maximum rate of tariff in percentage on any product was 45.30 percent.
  • The simple average tariff across all products was 1.97 percent.
  • The trade weighted average tariff was 3.19 .
  • The total duty free imports in thousands of US dollars were 1,853,487.48 and duty free tariff line items share was 68.13 percent.

Development Indicators 2021

Key Development Indicators of Montenegro in 2021 are below

  • Montenegro GDP in current US dollar was 5,861 million.
  • GNI per capita, Atlas method (current US$) was 9,370.00 .
  • Montenegro Trade balance: as % of GDP was -19.36.
  • Trade balance in current US$ was -1,135.00 million.
  • Trade as percentage of GDP was 105.03 .
  • Trade in services as percentage of GDP was 44.98 .

Trade Indicators 2021

Trade Indicators for Montenegro in 2021 are below

  • Hirschman Herfindahl market concentration index was 0.06.
  • Index of export market penetration was 1.95.
  • World Growth in percentage was 12.50 and Montenegro Country Growth was 24.45 .