Montenegro
Compare Montenegro →ME · MNE · BACI 499 · latest data 2024
Exports
= $1,182 M128.9% over 5 yrs (up)
Imports
= $4,955 M48.1% over 5 yrs (up)
Trade balancedeficit
= −$3,774 M
Total trade
= $6,137 M58.9% over 5 yrs (up)
- World position
- #152 of 225 exporters · bottom half · #143 of 225 importers · bottom half · 2024
Trade timeline
Montenegro's exports grew from $716M in 2006 to $1.2B in 2024; the 2024 balance was −$3.8B.
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| Year | Exports ($M) | Imports ($M) | Balance ($M) | Total ($M) |
|---|---|---|---|---|
| 2006 | $716 M | $2,019 M | −$1,303 M | $2,735 M |
| 2007 | $705 M | $3,220 M | −$2,515 M | $3,925 M |
| 2008 | $751 M | $4,085 M | −$3,334 M | $4,836 M |
| 2009 | $550 M | $2,582 M | −$2,032 M | $3,132 M |
| 2010 | $483 M | $2,423 M | −$1,941 M | $2,906 M |
| 2011 | $675 M | $2,711 M | −$2,036 M | $3,387 M |
| 2012 | $696 M | $2,615 M | −$1,919 M | $3,311 M |
| 2013 | $613 M | $2,574 M | −$1,961 M | $3,187 M |
| 2014 | $666 M | $2,719 M | −$2,052 M | $3,385 M |
| 2015 | $445 M | $2,311 M | −$1,866 M | $2,757 M |
| 2016 | $445 M | $2,648 M | −$2,202 M | $3,093 M |
| 2017 | $657 M | $2,990 M | −$2,334 M | $3,647 M |
| 2018 | $527 M | $3,523 M | −$2,995 M | $4,050 M |
| 2019 | $516 M | $3,345 M | −$2,829 M | $3,861 M |
| 2020 | $516 M | $2,823 M | −$2,307 M | $3,338 M |
| 2021 | $854 M | $3,473 M | −$2,619 M | $4,327 M |
| 2022 | $2,282 M | $4,464 M | −$2,182 M | $6,747 M |
| 2023 | $1,531 M | $4,776 M | −$3,245 M | $6,307 M |
| 2024 | $1,182 M | $4,955 M | −$3,774 M | $6,137 M |
Trading partners
Serbia was Montenegro's top trading partner in 2024, at 19.1% of total trade; the top five partners covered 51.0%.
- Top partner share
- 19.1%
- Top-5 share
- 51.0%
- Partners
- 181
- Partner HHI (0–1)
- 0.073
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| Rank | Partner | Exports to ($M) | Imports from ($M) | Total ($M) | Balance ($M) |
|---|---|---|---|---|---|
| #1 | Serbia | $198 M | $973 M | $1,171 M | −$774 M |
| #2 | China | $42 M | $537 M | $579 M | −$495 M |
| #3 | Italy | $277 M | $285 M | $562 M | −$8 M |
| #4 | Germany | $38 M | $426 M | $464 M | −$389 M |
| #5 | Bosnia Herzegovina | $63 M | $289 M | $351 M | −$226 M |
| #6 | Croatia | $12 M | $296 M | $308 M | −$284 M |
| #7 | Greece | $11 M | $265 M | $276 M | −$254 M |
| #8 | Türkiye | $36 M | $204 M | $240 M | −$168 M |
| #9 | Poland | $29 M | $134 M | $163 M | −$105 M |
| #10 | Slovenia | $36 M | $99 M | $135 M | −$63 M |
| #11 | Albania | $32 M | $92 M | $124 M | −$60 M |
| #12 | Spain | $42 M | $81 M | $124 M | −$39 M |
| #13 | Switzerland | $43 M | $80 M | $123 M | −$37 M |
| #14 | France | $6 M | $112 M | $118 M | −$105 M |
| #15 | South Korea | $95 M | $22 M | $117 M | $73 M |
Products & sectors
Product composition of Montenegro's trade in 2024.
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Concentration & risk
Montenegro's export partners diversified over 2006–2024 — HHI 0.200 → 0.103, a moderately concentrated export base across 135 partners in 2024.
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| Year | Export HHI | Import HHI | Export partners | Import partners |
|---|---|---|---|---|
| 2006 | 0.200 | 0.104 | 62 | 152 |
| 2007 | 0.194 | 0.097 | 69 | 155 |
| 2008 | 0.193 | 0.103 | 69 | 162 |
| 2009 | 0.173 | 0.113 | 76 | 162 |
| 2010 | 0.134 | 0.110 | 80 | 160 |
| 2011 | 0.089 | 0.116 | 86 | 166 |
| 2012 | 0.113 | 0.112 | 88 | 168 |
| 2013 | 0.119 | 0.116 | 99 | 178 |
| 2014 | 0.071 | 0.098 | 99 | 169 |
| 2015 | 0.074 | 0.109 | 102 | 178 |
| 2016 | 0.078 | 0.090 | 102 | 182 |
| 2017 | 0.072 | 0.088 | 106 | 174 |
| 2018 | 0.078 | 0.080 | 111 | 178 |
| 2019 | 0.086 | 0.082 | 121 | 180 |
| 2020 | 0.080 | 0.086 | 111 | 172 |
| 2021 | 0.066 | 0.084 | 124 | 175 |
| 2022 | 0.255 | 0.078 | 122 | 173 |
| 2023 | 0.173 | 0.079 | 130 | 184 |
| 2024 | 0.103 | 0.077 | 135 | 174 |
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