Country export capability

Montenegro
export capability

A reported view of Montenegro's export scale, destination network, sector breadth, trade history, and market-access context. Use the indicators together; no single measure describes export readiness on its own.

MNE2006-2024 coverage270 active partner marketsMacro trend resilient
Latest exports$1.0B2024 reported value
Latest imports$4.7B2024 reported value
Trade balance-$3.6BExports minus imports
Export growth-22.7%Latest year-on-year change
Active partners270Latest reported markets

Country export profile overview

Montenegro export data in one research view

This profile brings together export performance, trade balance, destination markets, HS2 sectors, partner breadth, history, and market-access context for country export research.

Export scale and balance

Start with the latest reported trade position

In 2024, Montenegro recorded $1.0B in exports and $4.7B in imports. The resulting -$3.6B trade balance gives the latest country-level position a clear context.

Exports changed -22.7% year on year and show a calculated +12.9% three-year CAGR. CAGR is an annualized comparison of reported values, not a forecast.

Markets and sectors

See where export value is concentrated

Italy received $301.9M in reported exports, representing 29.3% of the latest country total. Mineral fuels was the largest displayed HS2 export sector at $392.1M and 38% of exports.

The visible page highlights five leading destinations and five leading HS2 sectors, while the complete structured files retain every row supplied for this sample.

History and coverage

Read today's number against the long series

The country series covers 2006 through 2024, with 19 observed annual rows. That longer view helps separate a single-year movement from the broader export trend.

Partner counts, tariff context, concentration, exposure shares, and momentum are supporting indicators calculated from available trade observations. Missing values remain unavailable rather than estimated.

Economy and structure

The context around Montenegro's export base

Macroeconomic and structural indicators add context to merchandise trade scale. They describe the country environment; they do not predict company performance or future exports.

GDP$8.3B2024 macro context
GDP per capita$13.3KCurrent-dollar GDP
Population623.5KReported population
Labor force281.7Reported labor force
Investment rate24.4%National investment rate
Savings rate1.8%National savings rate
Trade openness103.5%Exports + imports / GDP
Exports / GDP18.7%Merchandise exports / GDP
Secondary education92.7%Education context
Tertiary education25.5%Education context

Market signals

Where to look more closely next

Route-level risk and emerging-corridor signals for further research. These are calculated indicators, not forecasts.

Destination risk contextAll covered routes
Destination risk context for Montenegro
DestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
ItalyITACritical attention95.6%63%0.1%Current trade remains materially below historical peaks
Bosnia and HerzegovinaBIHCritical attention62.2%41.7%0.5%Volatile products account for the largest observed corridor exposure
Republic of KoreaKORHigh attention99.8%68.6%10.6%Current trade remains materially below historical peaks
ChinaCHNHigh attention89.6%26.5%10.2%Buyer-market concentration is the largest observed corridor exposure
SerbiaSRBWatch24%27.9%Not reportedBuyer-market concentration is the largest observed corridor exposure
UkraineUKRHigh attention96.1%0.3%3.1%Volatile products account for the largest observed corridor exposure
SpainESPHigh attention93.2%48.8%0.1%Current trade remains materially below historical peaks
AlbaniaALBHigh attention51.9%7.3%4.2%Buyer-market concentration is the largest observed corridor exposure
SwedenSWEHigh attention86%60.3%3.9%Current trade remains materially below historical peaks
Switzerland, LiechtensteinCHEHigh attention64.5%27.6%3.2%Buyer-market concentration is the largest observed corridor exposure

Full route coverage is retained. High attention means the route deserves closer product and access review.

Market opportunity signals

Product-market combinations worth investigating

All returned rows use buyer demand, exporter position, and calculated addressable-value fields. They are research signals, not forecasts.

Addressable-value signalsAll returned rows
Market opportunity signals for Montenegro
RankMarket and productBuyer importsAddressable 3-year valueCurrent shareDemand signal
1ChinaHS6 854231 · Electronic integrated circuits: processors and controllers, whether or not combined with memories, converters, logic circuits, amplifiers, clock and timing circuits, or other circuits$158.0B$93.1B0%Declining +10.5%
2ChinaHS6 854232 · Electronic integrated circuits: memories$80.6B$65.7B0%Accelerating +20.6%
3ChinaHS6 854239 · Electronic integrated circuits: n.e.c. in heading no. 8542$81.8B$61.4B0%Growing +4%
4USA, Puerto Rico and US Virgin IslandsHS6 851712 · Telephones for cellular networks or for other wireless networks$53.9B$53.8B0%Slowing -8.8%
5USA, Puerto Rico and US Virgin IslandsHS6 847150 · Digital processing units: other than those of subheadings 8471.41 or 8471.49, whether or not containing in the same housing one or two of the following types of unit: storage units, input units or output units$53.9B$45.6B0%Growing +60.2%
6ChinaHS6 260300 · Copper ores and concentrates$62.6B$35.3B0%Accelerating +11%
7USA, Puerto Rico and US Virgin IslandsHS6 847130 · Data processing machines: portable, digital and automatic, weighing not more than 10kg, consisting of at least a central processing unit, a keyboard and a display$42.7B$33.3B0%Accelerating +6.2%
8China, Hong Kong Special Administrative RegionHS6 851712 · Telephones for cellular networks or for other wireless networks$30.3B$32.7B0%Accelerating -14.5%

Addressable value is a calculated field. Validate product, buyer, tariff, and route conditions before commercial decisions.

Detailed export portfolioHS4 lines beneath the leading sectorsOpen the detailed four-digit export table for Montenegro.
All HS4 export lines2024 ranking
Top HS4 export lines for Montenegro
RankHS4Parent HS2 sectorExportsShareActive HS6
12716HS4 detail codeMineral fuels (27) ↗$357.3M34.6%1
22603HS4 detail codeOres, slag and ash (26) ↗$104.2M10.1%1
37601HS4 detail codeAluminium (76) ↗$70.0M6.8%2
42606HS4 detail codeOres, slag and ash (26) ↗$34.9M3.4%1
52208HS4 detail codeBeverages (22) ↗$32.8M3.2%7
60210HS4 detail codeMeat and edible meat offal (02) ↗$29.0M2.8%5
73004HS4 detail codePharmaceutical products (30) ↗$23.5M2.3%11
84407HS4 detail codeWood and wood articles (44) ↗$22.8M2.2%14
93604HS4 detail codeExplosives and pyrotechnics (36) ↗$21.9M2.1%2
102710HS4 detail codeMineral fuels (27) ↗$21.5M2.1%4
112204HS4 detail codeBeverages (22) ↗$16.2M1.6%5
127204HS4 detail codeIron and steel (72) ↗$16.0M1.6%4

HS4 values are reported observations. The hierarchy is preserved; no missing descriptions are inferred.

The country export read

Montenegro combines $1.0B in exports with a broad partner network.

In 2024, Montenegro recorded $1.0B in reported exports and $4.7B in imports, producing a reported trade deficit of $3.6B. Exports changed -22.7% year on year and +12.9% annualized over three years. Mineral fuels (HS2 27) was the largest displayed export sector by value.

Destination network

Where Montenegro exports move

All returned destination lanes ranked by latest reported export value. Share is calculated against the country total. Review sources ↗

Latest reported destination lanesAll returned · 2024
Leading export destinations for Montenegro
RankDestinationLatest exportsShareYear-on-year3-year CAGR
1ItalyITA$301.9M29.3%-39.6%+74.8%
2SerbiaSRB$162.6M15.8%-2.9%+17.5%
3Republic of KoreaKOR$88.9M8.6%-37.6%+28.2%
4Bosnia and HerzegovinaBIH$51.1M4.9%+1%+14%
5ChinaCHN$43.7M4.2%+90.4%+63.6%
6AlbaniaALB$42.2M4.1%+78.8%+15.6%
7GermanyDEU$33.7M3.3%-11.1%+3%
8UkraineUKR$31.9M3.1%+489.9%+106.5%
9TurkeyTUR$30.7M3%+84.7%+10.3%
10SpainESP$30.0M2.9%-54.1%-30%

Destination values are reported country-to-country observations. Full returned rows remain in the downloads.

Trade history

A long view of export scale

Latest twelve years from the 30-year reported country series. Context, not a forecast.

Reported exports by year

2013
$615.4M
2014
$633.1M
2015
$394.1M
2016
$422.3M
2017
$527.8M
2018
$468.7M
2019
$451.7M
2020
$451.4M
2021
$716.6M
2022
$1.8B
2023
$1.3B
2024
$1.0B

Partner network

Scale is only one part of export capability

Partner breadth, distance, agreements, and tariffs add context to reported exports.

FTA partner markets0Reported count
WTO partner markets169Reported count
EU partner markets28Reported count
Shared-border partners4Country context
Shared-language partners2Country context
Average partner distance6,453 kmCalculated average
Partners with FTA0%Calculated share
Applied tariff context0.1%Calculated average
MFN tariff context0.1%Calculated average
Tariff advantage+0.1 ppPreferential vs MFN

Exposure context

Signals to examine alongside export scale

Calculated or classified route and country context. Not predictions or recommendations.

Attention share66.1%

Covered value under attention

Critical share33.4%

Covered value marked critical

Below historical peak42.9%

Distance below route peaks

FTA-covered exports0%

Covered value with FTA context

Weighted tariff context0%

Export-weighted tariff

Macro contextMacro trend resilient

Primary attention driver: Trade remains below historical peaks.

Momentum score-12

History-based indicator

Partner concentration1,298.6

Partner HHI

Product concentration1,401.6

Product HHI

Country attention level: Critical attention. Missing fields remain unavailable.

Complete country valuesOpen the full profile evidenceFull history, sectors, HS4, destinations, risk, opportunities, and source fields.

Profile fields

Year2,024
Country Iso3MNE
Exports Usd$1.0B
Imports Usd$4.7B
Trade Balance Usd-$3.6B
Yoy Exports Growth Pct-22.7%
Yoy Imports Growth Pct8.2%
Exports Cagr 3y Pct12.9%
Imports Cagr 3y Pct14.9%
Export Partner Hhi1,298.6
Export Product Hhi1,401.6
Momentum Score-12
Risk Score13.5
Gdp Million Usd8,270.02 million USD
Gdp Per Capita Usd$13.3K
Population623,525
Labor Force281.7
Investment Rate Pct24.4%
Savings Rate Pct1.8%
Secondary Education Pct92.7%
Tertiary Education Pct25.5%
Total Factor Productivity717.5
Trade Openness Pct103.5%
Exports Gdp Pct18.7%
Num Active Partners270
Num Fta Partners0
Num Wto Partners169
Num Eu Partners28
Num Shared Border Partners4
Num Shared Language Partners2
Avg Partner Distance Km6,453 km
Avg Partner Gdp Million Usd533,678,518.33 million USD
Avg Partner Gdp Per Capita Usd$15.8
Avg Buyer Biz Entry DaysNot reported
Avg Buyer Biz Entry Cost PctNot reported
Pct Partners With Fta0
Pct Partners Shared Language1
Pct Partners Shared Border1
Avg Applied Tariff Pct0.1%
Avg Mfn Tariff Pct0.1%
Avg Preferential Tariff Pct0%
Tariff Advantage Pp+0.1 pp
Avg Distance All Partners KmNot reported
Num Border PartnersNot reported
Num Colonial PartnersNot reported
Avg Substitution Elasticity-9.3
Pct Products High Elasticity71
Pct Products Low Elasticity3
Real Market PotentialNot reported
Foreign Market PotentialNot reported

Exposure fields

Country Iso3MNE
All History Lane Count1,252
Current Lane Count420
Critical Lane Count2
High Attention Lane Count35
High Volatility Lane Count190
Unrecovered Drawdown Lane Count121
Declining Demand Lane Count4
Concentrated Market Lane Count136
Access Friction Lane Count0
Buyer Macro Weakness Lane Count1
Monitored Exports Current Usd$891.4M
Attention Exports Usd$589.1M
Critical Exports Usd$297.4M
High Volatility Exports Usd$175.8M
Unrecovered Drawdown Exports Usd$526.5M
Non Fta Exports Usd$0.0
Monitored Attention Share Pct66.1%
Monitored Critical Share Pct33.4%
Fta Covered Exports Share Pct0%
Export Weighted Volatility Cv0.8
Export Weighted Below Peak Pct42.9%
Export Weighted Distance KmNot reported
Export Weighted Tariff Pct0%
Latest Data Year2,024
First Data Year2,006
Country Years Count19
Total Exports Latest Usd$1.0B
Total Imports Latest Usd$4.7B
Trade Balance Latest Usd-$3.6B
Exports Yoy Latest Pct-22.7%
Exports Cagr 3y Latest Pct12.9%
Gdp Latest Million Usd8,270.02 million USD
Gdp Per Capita Latest Usd$13.3K
Population Latest623,525
Investment Rate Latest Pct24.4%
Savings Rate Latest Pct1.8%
Trade Openness Latest Pct103.5%
Exports Gdp Latest Pct18.7%
Active Partners Latest270
Fta Partners Latest0
Foreign Market Potential LatestNot reported
Gdp 5y Cagr Pct8.6%
Gdp Per Capita 5y Cagr Pct8.7%
Population 5y Cagr Pct-0.1%
Partner Hhi Latest1,298.6
Partner Top1 Share Latest Pct29.3%
Partner Top3 Share Latest Pct53.6%
Partner Hhi All Avg1,247.2
Partner Hhi All Max2,332.8
Product Hhi Latest1,401.6
Product Top1 Share Latest Pct34.6%
Product Top3 Share Latest Pct51.4%
Product Hhi All Avg1,254.5
Product Hhi All Max3,088.8
Total Exports Attention Share Pct57.1%
Total Exports Critical Share Pct28.8%
Attention LevelCritical attention
Primary Risk DriverTrade remains below historical peaks
Macro Resilience LabelMacro trend resilient

Annual country history

YearExportsImportsTrade balanceExports YoYExports CAGR 3Y
2006$505.5M$1.5B-$984.2MNot reportedNot reported
2007$652.4M$2.5B-$1.9B+29.1%Not reported
2008$680.0M$3.5B-$2.9B+4.2%Not reported
2009$468.4M$2.3B-$1.8B-31.1%-2.5%
2010$478.0M$2.2B-$1.7B+2%-9.8%
2011$639.8M$2.5B-$1.9B+33.8%-2%
2012$587.7M$2.4B-$1.8B-8.1%+7.9%
2013$615.4M$2.4B-$1.8B+4.7%+8.8%
2014$633.1M$2.6B-$2.0B+2.9%-0.3%
2015$394.1M$2.1B-$1.7B-37.8%-12.5%
2016$422.3M$2.4B-$1.9B+7.2%-11.8%
2017$527.8M$2.7B-$2.1B+25%-5.9%
2018$468.7M$3.1B-$2.6B-11.2%+6%
2019$451.7M$3.0B-$2.6B-3.6%+2.3%
2020$451.4M$2.6B-$2.1B-0.1%-5.1%
2021$716.6M$3.1B-$2.4B+58.8%+15.2%
2022$1.8B$4.1B-$2.3B+158.1%+60%
2023$1.3B$4.3B-$3.0B-27.8%+43.6%
2024$1.0B$4.7B-$3.6B-22.7%+12.9%

Top export sectors

RankHS2SectorExportsShareExport partnersActive HS6
127Mineral fuels$392.1M38%2231
226Ores, slag and ash$169.9M16.5%1617
376Aluminium$82.1M8%3634
422Beverages$53.7M5.2%7324
544Wood and wood articles$42.6M4.1%3987
602Meat and edible meat offal$34.9M3.4%1552
784Machinery$28.5M2.8%94486
836Explosives and pyrotechnics$28.1M2.7%148
930Pharmaceutical products$23.6M2.3%3236
1087Vehicles$17.9M1.7%6487

Detailed HS4 export lines

RankHS4Parent HS2ExportsShareActive HS6
12716Mineral fuels (27)$357.3M34.6%1
22603Ores, slag and ash (26)$104.2M10.1%1
37601Aluminium (76)$70.0M6.8%2
42606Ores, slag and ash (26)$34.9M3.4%1
52208Beverages (22)$32.8M3.2%7
60210Meat and edible meat offal (02)$29.0M2.8%5
73004Pharmaceutical products (30)$23.5M2.3%11
84407Wood and wood articles (44)$22.8M2.2%14
93604Explosives and pyrotechnics (36)$21.9M2.1%2
102710Mineral fuels (27)$21.5M2.1%4
112204Beverages (22)$16.2M1.6%5
127204Iron and steel (72)$16.0M1.6%4

Top export destinations

RankDestinationISO3ExportsShareYoYCAGR 3Y
1ItalyITA$301.9M29.3%-39.6%+74.8%
2SerbiaSRB$162.6M15.8%-2.9%+17.5%
3Republic of KoreaKOR$88.9M8.6%-37.6%+28.2%
4Bosnia and HerzegovinaBIH$51.1M4.9%+1%+14%
5ChinaCHN$43.7M4.2%+90.4%+63.6%
6AlbaniaALB$42.2M4.1%+78.8%+15.6%
7GermanyDEU$33.7M3.3%-11.1%+3%
8UkraineUKR$31.9M3.1%+489.9%+106.5%
9TurkeyTUR$30.7M3%+84.7%+10.3%
10SpainESP$30.0M2.9%-54.1%-30%

Destination risk context

RankDestinationAttentionAttention shareBelow peakApplied tariffPrimary reason
1Italy (ITA)Critical attention95.6%63%0.1%Current trade remains materially below historical peaks
2Bosnia and Herzegovina (BIH)Critical attention62.2%41.7%0.5%Volatile products account for the largest observed corridor exposure
3Republic of Korea (KOR)High attention99.8%68.6%10.6%Current trade remains materially below historical peaks
4China (CHN)High attention89.6%26.5%10.2%Buyer-market concentration is the largest observed corridor exposure
5Serbia (SRB)Watch24%27.9%Not reportedBuyer-market concentration is the largest observed corridor exposure
6Ukraine (UKR)High attention96.1%0.3%3.1%Volatile products account for the largest observed corridor exposure
7Spain (ESP)High attention93.2%48.8%0.1%Current trade remains materially below historical peaks
8Albania (ALB)High attention51.9%7.3%4.2%Buyer-market concentration is the largest observed corridor exposure
9Sweden (SWE)High attention86%60.3%3.9%Current trade remains materially below historical peaks
10Switzerland, Liechtenstein (CHE)High attention64.5%27.6%3.2%Buyer-market concentration is the largest observed corridor exposure

Emerging corridor signals

RankDestinationHS6SignalMarket importsCurrent shareStrength
1Austria (AUT)870195new$125.8M0.1%100
2China (CHN)261610new$4.2B0%100
3Ethiopia (ETH)880390new$3.6M4.4%100
4Congo, Rep. of the (COG)360490new$245.5K58.7%100
5Czechia (CZE)880240new$315.4M0.2%100
6Poland (POL)360200new$61.2M3.6%100
7Netherlands (NLD)870390new$138.4M0.1%100
8Poland (POL)282990new$12.6M1.9%100
9The former Yugoslav Republic of Macedonia (MKD)853120new$1.1M10.2%100
10USA, Puerto Rico and US Virgin Islands (USA)340490new$254.2M0%100

Market opportunity signals

RankMarketHS6Buyer importsAddressable 3-year valueCurrent shareSignal
1China (CHN)854231$158.0B$93.1B0%Declining (+10.5%)
2China (CHN)854232$80.6B$65.7B0%Accelerating (+20.6%)
3China (CHN)854239$81.8B$61.4B0%Growing (+4%)
4USA, Puerto Rico and US Virgin Islands (USA)851712$53.9B$53.8B0%Slowing (-8.8%)
5USA, Puerto Rico and US Virgin Islands (USA)847150$53.9B$45.6B0%Growing (+60.2%)
6China (CHN)260300$62.6B$35.3B0%Accelerating (+11%)
7USA, Puerto Rico and US Virgin Islands (USA)847130$42.7B$33.3B0%Accelerating (+6.2%)
8China, Hong Kong Special Administrative Region (HKG)851712$30.3B$32.7B0%Accelerating (-14.5%)

How to read this page

Separate reported scale from calculated context.

Reported exports, imports, trade balance, sector rows, destination rows, and annual history describe merchandise trade observations for the stated country and year.

CAGR, shares, concentration measures, tariff context, exposure shares, and momentum are calculated indicators built from the available observations. They help organize research but are not additional reported trade or forecasts.

Coverage runs from 2006 through 2024 for this profile. Missing values are shown as Not reported. Read the full methodology ↗

Reported observations

OECD BIMTS merchandise trade values are the primary series for this view.

Calculated indicators

Growth, share, HHI, tariff, and exposure fields are derived from available reported values.

Coverage limits

Unavailable values remain unavailable. No company sales, shipment records, or forecasts are implied.

Questions about this profile

Montenegro export capability, in context

Short answers for readers comparing country export scale, partner breadth, and calculated trade indicators.

What does the Montenegro export profile measure?

It combines reported exports, imports, history, destinations, HS2 sectors, partner context, and calculated indicators for Montenegro.

What is the latest reported export value for Montenegro?

Montenegro recorded $1.0B in reported exports in 2024.

Which markets receive the most exports from Montenegro?

Italy leads by reported export value at $301.9M in 2024. Five destination lanes are highlighted.

Which sectors lead Montenegro's exports?

Mineral fuels leads by reported value at $392.1M. Five HS2 chapters are highlighted.

How many years of Montenegro trade history are available?

This sample contains 19 observed annual rows covering 2006 through 2024. Missing observations are not estimated.

Are the growth and exposure values forecasts?

No. They are calculated or classified from reported observations, not forecasts or market-access guarantees.

Continue your research

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Data source

OECD trade statistics with CEPII context

OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-28). OECD BIMTS is the primary trade series for this view. Supporting bilateral trade context uses CEPII BACI bilateral trade flows (202601) under Etalab 2.0 Open Licence. Yugalinks presents derived views of reported observations and calculated indicators. Data terms: OECD Terms & Conditions.