[1] Primary trade source
OECD Bilateral International Merchandise Trade Statistics, harmonised by Yugalinks at country-year, HS2 and bilateral-corridor levels. Coverage shown here is 1995–2024 where observations are available.
Country intelligence · MNE · 2024
Montenegro trade profile
In 2024, Montenegro recorded $1.0B in merchandise exports and $4.7B in imports, producing a $3.6B trade deficit. Exports changed -22.7% from the previous year, while imports changed +8.2%.[1]
Exports
$1.0B
-22.7%
Imports
$4.7B
+8.2%
Trade balance
-$3.6B
deficit
Active partners
270
0 FTA-linked
Historical evidence
Ten-year trade movement
The bars compare exports and imports on the same scale. The accompanying table preserves the exact values so the trend is usable without interpreting a graphic.
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
ExportsImports
Exact annual values
Leading export sectors
HS2 chapters rank broad product groups by observed export value in 2024.
1$392.1M
HS 27 · Mineral fuels and oils
31 active HS6 lines · 22 export partners
2$169.9M
HS 26 · HS chapter
17 active HS6 lines · 16 export partners
3$82.1M
HS 76 · HS chapter
34 active HS6 lines · 36 export partners
4$53.7M
HS 22 · HS chapter
24 active HS6 lines · 73 export partners
5$42.6M
HS 44 · HS chapter
87 active HS6 lines · 39 export partners
6$34.9M
HS 02 · HS chapter
52 active HS6 lines · 15 export partners
7$28.5M
HS 84 · Machinery
486 active HS6 lines · 94 export partners
8$28.1M
HS 36 · HS chapter
8 active HS6 lines · 14 export partners
Leading export markets
Destinations rank bilateral export flows from Montenegro; growth describes each corridor rather than the whole economy.
1$301.9M
Italy
Annual change -39.6% · 3-year CAGR 74.8%
2$162.6M
Serbia
Annual change -2.9% · 3-year CAGR 17.5%
3$88.9M
South Korea
Annual change -37.6% · 3-year CAGR 28.2%
4$51.1M
Bosnia and Herzegovina
Annual change +1.0% · 3-year CAGR 14.0%
5$43.7M
China
Annual change +90.4% · 3-year CAGR 63.6%
6$42.2M
Albania
Annual change +78.8% · 3-year CAGR 15.6%
7$33.7M
Germany
Annual change -11.1% · 3-year CAGR 3.0%
8$31.9M
Ukraine
Annual change +489.9% · 3-year CAGR 106.5%
Sources, definitions and limitations
Calculation notes
USD values are aggregated from reported merchandise records. YoY compares consecutive annual totals; three-year CAGR is the mart-provided compound annual growth rate. Missing values are not inferred.