Loading..

Montenegro Trade Summary

2022

Montenegro exports, imports, tariff by year.

Country and Region
Year
For at a glance i.e. latest available trade, tariff, trade barriers and other trade related data Click Here.
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 2022

Overall Exports and Imports for Montenegro 2022

Exports and imports of Montenegro in 2022 are below, along with number of countries and products

  • The total value of exports (FoB) was 736 million.
  • The total value of imports (CIF) was 3,722 million.
  • At the HS6 digit level, 1,721 products were exported to 104 countries and 3,742 products were imported from 175 countries.

Montenegro top 5 Export and Import partners 2022

Top five countries to which Montenegro exported in 2022 are below, along with the percent of total exports that went to that country:

  1. Montenegro exports to Serbia, FR(Serbia/Montenegro) worth US$ 157 million, with a partner share of 21.34 percent.
  2. Montenegro exports to Switzerland worth US$ 114 million, with a partner share of 15.42 percent.
  3. Montenegro exports to Bosnia and Herzegovina worth US$ 95 million, with a partner share of 12.93 percent.
  4. Montenegro exports to Slovenia worth US$ 54 million, with a partner share of 7.29 percent.
  5. Montenegro exports to Luxembourg worth US$ 39 million, with a partner share of 5.24 percent.

Top five countries from which Montenegro imported goods in 2022 are below, along with percent of total imports that came from the country :

  1. Montenegro imports from Serbia, FR(Serbia/Montenegro) worth US$ 648 million, with a partner share of 17.41 percent.
  2. Montenegro imports from China worth US$ 348 million, with a partner share of 9.34 percent.
  3. Montenegro imports from Greece worth US$ 311 million, with a partner share of 8.34 percent.
  4. Montenegro imports from Germany worth US$ 286 million, with a partner share of 7.68 percent.
  5. Montenegro imports from Croatia worth US$ 226 million, with a partner share of 6.07 percent.

Montenegro Top 5 Productsexports imports at HS 6 digit level 2022

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

  1. Montenegro exported Electrical energy , worth 178,949.88 (US$ Thousands).
  2. Montenegro exported Aluminium unwrought, not alloyed , worth 102,377.90 (US$ Thousands).
  3. Montenegro exported Aluminium unwrought, alloyed , worth 77,192.25 (US$ Thousands).
  4. Montenegro exported Other medicaments of mixed or unmixed products, , worth 33,698.15 (US$ Thousands).
  5. Montenegro exported Petroleum oils, etc, (excl. crude); preparation , worth 28,955.84 (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 403,934.99 (US$ Thousands).
  2. Montenegro imported Electrical energy , worth 220,296.04 (US$ Thousands).
  3. Montenegro imported Aluminium unwrought, not alloyed , worth 118,228.59 (US$ Thousands).
  4. Montenegro imported Other medicaments of mixed or unmixed products, , worth 94,306.00 (US$ Thousands).
  5. Montenegro imported Automobiles with diesel engine displacing more , worth 68,282.49 (US$ Thousands).

Exports and Imports of Product Groups 2022

Exports and imports of products by stages of processing in 2022 are below along with their corresponding Product Share as percent of total export or import

Tariffs 2022

Tariffs imposed by Montenegro in 2022 are below

  • The maximum rate of tariff in percentage on any product was 45 percent.
  • The simple average tariff across all products was 1.90 percent.
  • The trade weighted average tariff was 2.96 .
  • The total duty free imports in thousands of US dollars were 2,182,707.42 and duty free tariff line items share was 68.95 percent.

Development Indicators 2022

Key Development Indicators of Montenegro in 2022 are below

  • Montenegro GDP in current US dollar was 6,096 million.
  • GNI per capita, Atlas method (current US$) was 10,400.00 .
  • Montenegro Trade balance: as % of GDP was -23.29.
  • Trade balance in current US$ was -1,420.00 million.
  • Trade as percentage of GDP was 128.65 .
  • Trade in services as percentage of GDP was 55.59 .

Trade Indicators 2022

Trade Indicators for Montenegro in 2022 are below

  • Hirschman Herfindahl market concentration index was 0.31.
  • Index of export market penetration was 1.97.
  • World Growth in percentage was 5.18 and Montenegro Country Growth was 72.26 .