Montenegro Trade

Latest trade data available from various sources.

Please note: The data from various sources are not from the same year.
Montenegro monthly trade data
Montenegro quarterly trade data

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For viewing trade, tariff data for country or region by year 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.

TRADE SUMMARY FOR Montenegro

2020

Overall Exports and Imports

Exports
Exports (in US$ Mil) 410
No. Of products 1,699
No. Of partners 96
Imports
Imports (in US$ Mil) 2,394
No. Of products 3,657
No. Of partners 174

Trade Indicator

HH Market concentration index0.06
Index of export market penetration1.80
World Growth-3.91
Country Growth3.31

Service Indicators 2020

Service imports (BoP, current US$)559,193,644.16
Service exports (BoP, current US$)769,410,491.29
Imports of goods and services (% of GDP)60.53
Exports of goods and services (% of GDP)25.75

Montenegro top 5 Export and Import partners

Market Trade (US$ Mil) Partner share(%)
Serbia, FR(Serbia/Montenegro)116 28.25
Slovenia41 9.98
Unspecified29 7.15
Hungary26 6.30
Bosnia and Herzegovina26 6.23
Exporter Trade (US$ Mil) Partner share(%)
Serbia, FR(Serbia/Montenegro)473 19.76
China249 10.39
Germany232 9.70
Italy153 6.41
Bosnia and Herzegovina136 5.68

Montenegro Exports and Imports of Product Groups

Product Categories Exports Imports
Export(US$ Mil) Product share(%) Import(US$ Mil) Prod share(%) Weighted Average (%)
Raw materials79 19.37 215 9.00 3.07
Intermediate goods186 45.48 438 18.31 0.88
Consumer goods109 26.51 1,287 53.77 3.47
Capital goods35 8.64 453 18.93 0.48

Top 5 Products exports imports at HS 6 digit level

Exports
Aluminium unwrought, ...60,606.93
Electrical energy57,003.49
Other medicaments of ...27,532.34
Aluminium ores and c ...22,231.03
Coniferous wood sawn ...17,910.04
Imports
Petroleum oils, etc, ...119,201.66
Other medicaments of ...75,704.97
Transmission apparat ...51,667.19
Electrical energy46,772.22
Automobiles with die ...39,037.77

Tariff and Trade Barriers for Montenegro

Tariffs 2020

No. Of Tariff Agreement 15
Simple Average (%) 1.74
Duty Free Imports (US$ Thousand) 1,573,567.66
Maximum Rate (%) 30
Weighted Average (%) 2.59
Duty Free Tariff Lines Share (%) 70.36

Overall Trade Restrictiveness Index (OTRI) 2009

OTRI »
Overall Trade Restrictiveness Index - MFN Tariff (2009)0.09
Overall Trade Restrictiveness Index - Applied Tariff (2009)0.07

Services Service Policy Restrictive Database (SPRD)

SPRD »
Services Trade Restrictions Index - Over All...

Non-Tariff Measures (NTM)

No Of NTM Measures...
No Of NTM Affected Products (HS 6 Digit)...

Temporary Trade Barriers Database (TTDB)

TTDB »
Temporary Trade Barriers in Effect - Simple Average...
Temporary Trade Barriers in Effect - Weighted Average...

World Development Indicators (WDI)

2020 WDI »
Population622,345
GDP (current US$ Mil)4,779
GNI per capita, Atlas method (current US$)7,900.00
Trade Balance (current US$ Mil)-1,662.00
Trade Balance (% of GDP)-34.77

Doing Business

2019 Doing Business »
Ease of Doing Business Rank50
Trading Across Borders Rank41

Country Policy and Institutional Assessment (CPIA)

CPIA »
CPIA Trade Ratings...

Logistics Performance Index (LPI)

2016 LPI »
LPI Score2.38
LPI Rank123