{ "template": "T19", "templateName": "Exporter Regional Trade Playbook", "publisher": { "name": "Yugalinks", "url": "https://www.yugalinks.com", "logo": "https://www.yugalinks.com/trade/yugalinks-logo-v3-dark-mode.webp" }, "branding": { "brandName": "Yugalinks", "header": "Shared Yugalinks trade navigation", "footer": "Shared Yugalinks trade footer", "logo": "https://www.yugalinks.com/trade/yugalinks-logo-v3-dark-mode.webp" }, "seo": { "title": "Montenegro Export Playbook for Latin America and Caribbean | Yugalinks", "description": "Explore Montenegro's export opportunities in Latin America and Caribbean. Compare buyer markets, access conditions, products, and calculated trade potential.", "canonical": "https://www.yugalinks.com/trade/playbook/MNE/region/latin-america", "robots": "index, follow" }, "breadcrumbs": [ { "name": "Home", "url": "https://www.yugalinks.com/" }, { "name": "Trade data", "url": "https://www.yugalinks.com/trade/" }, { "name": "Montenegro in Latin America and Caribbean", "url": "https://www.yugalinks.com/trade/playbook/MNE/region/latin-america" } ], "exporter": { "iso3": "MNE", "country_name": "Montenegro" }, "profile": { "year": 2024, "country_iso3": "MNE", "exports_usd": 1032172249.1924427, "imports_usd": 4665042459.916885, "trade_balance_usd": -3632870210.7244425, "yoy_exports_growth_pct": -22.73238326189706, "yoy_imports_growth_pct": 8.221657623984925, "exports_cagr_3y_pct": 12.935962661507272, "imports_cagr_3y_pct": 14.941695166176538, "export_partner_hhi": 1298.63398739264, "export_product_hhi": 1401.641083657818, "momentum_score": -12.031879484875759, "risk_score": 13.50137535525229, "gdp_million_usd": 8270.016670867739, "gdp_per_capita_usd": 13263.32812776992, "population": 623525, "labor_force": 281.71, "investment_rate_pct": 24.41, "savings_rate_pct": 1.75, "secondary_education_pct": 92.7, "tertiary_education_pct": 25.49, "total_factor_productivity": 717.47, "trade_openness_pct": 103.4673929108225, "exports_gdp_pct": 18.745330325726446, "num_active_partners": 270, "num_fta_partners": 0, "num_wto_partners": 169, "num_eu_partners": 28, "num_shared_border_partners": 4, "num_shared_language_partners": 2, "avg_partner_distance_km": 6453.049382716049, "avg_partner_gdp_million_usd": 533678518.3258193, "avg_partner_gdp_per_capita_usd": 15.774186170212769, "avg_buyer_biz_entry_days": null, "avg_buyer_biz_entry_cost_pct": null, "pct_partners_with_fta": 0, "pct_partners_shared_language": 0.7407407407407408, "pct_partners_shared_border": 1.4814814814814816, "avg_applied_tariff_pct": 0.08710905157469487, "avg_mfn_tariff_pct": 0.09534589884551371, "avg_preferential_tariff_pct": 0.023428429532326267, "tariff_advantage_pp": 0.07191746931318745, "avg_distance_all_partners_km": null, "num_border_partners": null, "num_colonial_partners": null, "avg_substitution_elasticity": -9.279712591885641, "pct_products_high_elasticity": 70.6576125804146, "pct_products_low_elasticity": 3.466761972837741, "real_market_potential": null, "foreign_market_potential": null }, "region": { "slug": "latin-america", "name": "Latin America and Caribbean" }, "latestYear": 2024, "totals": { "addressable_usd": 8497175716.69, "market_count": 4, "fta_count": 0, "average_distance_km": 0, "average_entry_days": 0 }, "markets": [ { "iso3": "PAN", "country_name": "Panama", "opportunity_count": 1, "addressable_usd": 3036097996.89, "trade_value_usd": 5370771533.469835, "tariff_total": 0, "tariff_count": 1, "distance_total": 0, "distance_count": 1, "fta": 0, "topProduct": "Product not reported", "topProductValue": 3036097996.89, "risk": "Not reported", "average_distance_km": 0, "entry_days": 0 }, { "iso3": "PER", "country_name": "Peru", "opportunity_count": 1, "addressable_usd": 2539581235.46, "trade_value_usd": 2647267027.2116375, "tariff_total": 0, "tariff_count": 1, "distance_total": 0, "distance_count": 1, "fta": 0, "topProduct": "Product not reported", "topProductValue": 2539581235.46, "risk": "Not reported", "average_distance_km": 0, "entry_days": 0 }, { "iso3": "BRA", "country_name": "Brazil", "opportunity_count": 2, "addressable_usd": 2356631054.8, "trade_value_usd": 3644377073.4455314, "tariff_total": 0, "tariff_count": 2, "distance_total": 0, "distance_count": 2, "fta": 0, "topProduct": "Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803", "topProductValue": 1360803373.53, "risk": "Not reported", "average_distance_km": 0, "entry_days": 0 }, { "iso3": "BOL", "country_name": "Bolivia", "opportunity_count": 1, "addressable_usd": 564865429.54, "trade_value_usd": 1415140167.13529, "tariff_total": 0, "tariff_count": 1, "distance_total": 0, "distance_count": 1, "fta": 0, "topProduct": "Product not reported", "topProductValue": 564865429.54, "risk": "Not reported", "average_distance_km": 0, "entry_days": 0 } ], "opportunities": [ { "exporter_iso3": "MNE", "importer_iso3": "PAN", "hs_code": "271019", "hs_description": "", "hs_chapter": "", "hs_heading": "", "price_range_label": null, "trade_type_label": null, "substitution_elasticity": null, "buyer_imports_latest_usd": 5370771533.469835, "buyer_imports_avg_usd": 3240636416.3451557, "buyer_imports_peak_usd": 8423654176.9830475, "buyer_cagr_full_pct": 9.8065, "buyer_yoy_avg_pct": 15.178, "buyer_yoy_latest_pct": -19.1339, "buyer_trend_consistency_pct": 58.6207, "buyer_imports_proj_3y_usd": 7110848094.66, "buyer_imports_proj_5y_usd": 8573889518.45, "buyer_gdp_mn_latest": null, "buyer_gdp_pc_latest": null, "buyer_population_latest": null, "buyer_investment_rate": null, "buyer_savings_rate": null, "buyer_edu_secondary": null, "buyer_gdp_mn_2030_proj": null, "buyer_gdp_pc_2030_proj": null, "buyer_gdp_pc_growth_pct": null, "buyer_gdp_mn_growth_pct": null, "buyer_pop_growth_pct": null, "exports_latest_usd": 656.2539081035594, "exports_avg_usd": 669.8046904734607, "exports_peak_usd": 875.8060470396588, "share_latest_pct": 0.00001831529381429924, "share_avg_pct": 0.000013190477233051667, "share_peak_pct": 0.00001831529381429924, "share_change_1y_pp": 0.000010656092421503575, "share_trend_pp_per_yr": 0.000002, "cagr_full_pct": -3.1558, "yoy_avg_pct": -4.009, "yoy_latest_pct": 37.4774, "trend_consistency_pct": 50, "exports_proj_3y_usd": 596.06, "exports_proj_5y_usd": 559.04, "your_share_gap_pp": 42.6967, "addressable_proj_3y_usd": 3036097996.89, "addressable_proj_5y_usd": 3660768511.15, "peer_best_share_pct": 42.69672560630132, "peer_top_exporter": "USA", "num_suppliers_latest": 64, "buyer_herfindahl_index": 2696.32, "distance_km": null, "shares_official_language": null, "common_spoken_language_score": null, "has_wto_reported_fta": null, "buyer_is_eu_member": null, "buyer_is_wto_member": null, "buyer_biz_entry_days": null, "shared_legal_system": null, "shared_religion": null, "shares_land_border": null, "lane_volatility_cv": 0.24327880192077808, "lane_max_drawdown_pct": 45.4954532580947, "signal_flag": "Slowing", "lane_data_years": 3, "lane_last_year": 2020, "rank": 144, "importer_name": "Panama" }, { "exporter_iso3": "MNE", "importer_iso3": "PER", "hs_code": "271019", "hs_description": "", "hs_chapter": "", "hs_heading": "", "price_range_label": null, "trade_type_label": null, "substitution_elasticity": null, "buyer_imports_latest_usd": 2647267027.2116375, "buyer_imports_avg_usd": 1420084705.302685, "buyer_imports_peak_usd": 4225224807.8561563, "buyer_cagr_full_pct": 9.9824, "buyer_yoy_avg_pct": 21.2545, "buyer_yoy_latest_pct": -16.5146, "buyer_trend_consistency_pct": 55.1724, "buyer_imports_proj_3y_usd": 3521824462.8, "buyer_imports_proj_5y_usd": 4260046530.26, "buyer_gdp_mn_latest": null, "buyer_gdp_pc_latest": null, "buyer_population_latest": null, "buyer_investment_rate": null, "buyer_savings_rate": null, "buyer_edu_secondary": null, "buyer_gdp_mn_2030_proj": null, "buyer_gdp_pc_2030_proj": null, "buyer_gdp_pc_growth_pct": null, "buyer_gdp_mn_growth_pct": null, "buyer_pop_growth_pct": null, "exports_latest_usd": 15.141957500143022, "exports_avg_usd": 1172.7675374969215, "exports_peak_usd": 2648.919826352001, "share_latest_pct": 6.734431268822462e-7, "share_avg_pct": 0.00005757235008528965, "share_peak_pct": 0.00012125306278782286, "share_change_1y_pp": -0.00012057961966094061, "share_trend_pp_per_yr": -0.000025, "cagr_full_pct": -55.3604, "yoy_avg_pct": 55.3311, "yoy_latest_pct": -99.4284, "trend_consistency_pct": 50, "exports_proj_3y_usd": 6.39, "exports_proj_5y_usd": 3.59, "your_share_gap_pp": 72.1098, "addressable_proj_3y_usd": 2539581235.46, "addressable_proj_5y_usd": 3071911829.99, "peer_best_share_pct": 72.10981938488837, "peer_top_exporter": "USA", "num_suppliers_latest": 67, "buyer_herfindahl_index": 5607.89, "distance_km": null, "shares_official_language": null, "common_spoken_language_score": null, "has_wto_reported_fta": null, "buyer_is_eu_member": null, "buyer_is_wto_member": null, "buyer_biz_entry_days": null, "shared_legal_system": null, "shared_religion": null, "shares_land_border": null, "lane_volatility_cv": 0.9367347255593816, "lane_max_drawdown_pct": 99.42837237467485, "signal_flag": "Declining", "lane_data_years": 3, "lane_last_year": 2021, "rank": 174, "importer_name": "Peru" }, { "exporter_iso3": "MNE", "importer_iso3": "BRA", "hs_code": "880330", "hs_description": "Aircraft and spacecraft: parts of aeroplanes or helicopters n.e.c. in heading no. 8803", "hs_chapter": "88", "hs_heading": "8803", "price_range_label": "Low price range", "trade_type_label": "Two-way vertical trade", "substitution_elasticity": -25.829803, "buyer_imports_latest_usd": 1919199052.0312645, "buyer_imports_avg_usd": 1589252740.1515253, "buyer_imports_peak_usd": 3013812077.034667, "buyer_cagr_full_pct": 10.2801, "buyer_yoy_avg_pct": 14.5501, "buyer_yoy_latest_pct": 20.7795, "buyer_trend_consistency_pct": 75.8621, "buyer_imports_proj_3y_usd": 2574020523.64, "buyer_imports_proj_5y_usd": 3130449210.24, "buyer_gdp_mn_latest": null, "buyer_gdp_pc_latest": null, "buyer_population_latest": null, "buyer_investment_rate": null, "buyer_savings_rate": null, "buyer_edu_secondary": null, "buyer_gdp_mn_2030_proj": null, "buyer_gdp_pc_2030_proj": null, "buyer_gdp_pc_growth_pct": null, "buyer_gdp_mn_growth_pct": null, "buyer_pop_growth_pct": null, "exports_latest_usd": 3986.207405037896, "exports_avg_usd": 7279.350097280609, "exports_peak_usd": 14309.67007284375, "share_latest_pct": 0.00019694121868475795, "share_avg_pct": 0.00034184819833325505, "share_peak_pct": 0.0007209616064583846, "share_change_1y_pp": -0.00015361832265879533, "share_trend_pp_per_yr": -0.000131, "cagr_full_pct": -10.9694, "yoy_avg_pct": 410.1076, "yoy_latest_pct": -33.0255, "trend_consistency_pct": 25, "exports_proj_3y_usd": 2813.05, "exports_proj_5y_usd": 2229.75, "your_share_gap_pp": 52.8668, "addressable_proj_3y_usd": 1360803373.53, "addressable_proj_5y_usd": 1654969650.34, "peer_best_share_pct": 52.86703933955499, "peer_top_exporter": "USA", "num_suppliers_latest": 64, "buyer_herfindahl_index": 2994.63, "distance_km": null, "shares_official_language": null, "common_spoken_language_score": null, "has_wto_reported_fta": null, "buyer_is_eu_member": null, "buyer_is_wto_member": null, "buyer_biz_entry_days": null, "shared_legal_system": null, "shared_religion": null, "shares_land_border": null, "lane_volatility_cv": 0.6864072778060042, "lane_max_drawdown_pct": 95.79220065186581, "signal_flag": "Declining", "lane_data_years": 5, "lane_last_year": 2021, "rank": 299, "importer_name": "Brazil" }, { "exporter_iso3": "MNE", "importer_iso3": "BRA", "hs_code": "851762", "hs_description": "Communication apparatus (excluding telephone sets or base stations): machines for the reception, conversion and transmission or regeneration of voice, images or other data, including switching and routing apparatus", "hs_chapter": "85", "hs_heading": "8517", "price_range_label": null, "trade_type_label": null, "substitution_elasticity": -3.6319895, "buyer_imports_latest_usd": 1725178021.4142668, "buyer_imports_avg_usd": 851827051.4358236, "buyer_imports_peak_usd": 1725178021.4142668, "buyer_cagr_full_pct": 11.5678, "buyer_yoy_avg_pct": 26.5506, "buyer_yoy_latest_pct": 3.1283, "buyer_trend_consistency_pct": 72.4138, "buyer_imports_proj_3y_usd": 2395800751.35, "buyer_imports_proj_5y_usd": 2982143585.42, "buyer_gdp_mn_latest": null, "buyer_gdp_pc_latest": null, "buyer_population_latest": null, "buyer_investment_rate": null, "buyer_savings_rate": null, "buyer_edu_secondary": null, "buyer_gdp_mn_2030_proj": null, "buyer_gdp_pc_2030_proj": null, "buyer_gdp_pc_growth_pct": null, "buyer_gdp_mn_growth_pct": null, "buyer_pop_growth_pct": null, "exports_latest_usd": 4.8307704804409575, "exports_avg_usd": 1534.304273306755, "exports_peak_usd": 4528.427729748204, "share_latest_pct": 2.887755924153389e-7, "share_avg_pct": 0.00011946200054764791, "share_peak_pct": 0.00035305803946855717, "share_change_1y_pp": -0.000004750410989555844, "share_trend_pp_per_yr": -0.000176, "cagr_full_pct": -81.9275, "yoy_avg_pct": -95.7632, "yoy_latest_pct": -93.0647, "trend_consistency_pct": 0, "exports_proj_3y_usd": 2.04, "exports_proj_5y_usd": 1.15, "your_share_gap_pp": 41.5655, "addressable_proj_3y_usd": 995827681.27, "addressable_proj_5y_usd": 1239544286.06, "peer_best_share_pct": 41.56554703592402, "peer_top_exporter": "CHN", "num_suppliers_latest": 85, "buyer_herfindahl_index": 2806.11, "distance_km": null, "shares_official_language": null, "common_spoken_language_score": null, "has_wto_reported_fta": null, "buyer_is_eu_member": null, "buyer_is_wto_member": null, "buyer_biz_entry_days": null, "shared_legal_system": null, "shared_religion": null, "shares_land_border": null, "lane_volatility_cv": 1.379993804299205, "lane_max_drawdown_pct": 99.893323449799, "signal_flag": "Declining", "lane_data_years": 3, "lane_last_year": 2023, "rank": 422, "importer_name": "Brazil" }, { "exporter_iso3": "MNE", "importer_iso3": "BOL", "hs_code": "271019", "hs_description": "", "hs_chapter": "", "hs_heading": "", "price_range_label": null, "trade_type_label": null, "substitution_elasticity": null, "buyer_imports_latest_usd": 1415140167.13529, "buyer_imports_avg_usd": 522634872.830308, "buyer_imports_peak_usd": 2256144440.370921, "buyer_cagr_full_pct": 12.591, "buyer_yoy_avg_pct": 23.6868, "buyer_yoy_latest_pct": -12.8355, "buyer_trend_consistency_pct": 51.7241, "buyer_imports_proj_3y_usd": 2019809098.84, "buyer_imports_proj_5y_usd": 2560457481.43, "buyer_gdp_mn_latest": null, "buyer_gdp_pc_latest": null, "buyer_population_latest": null, "buyer_investment_rate": null, "buyer_savings_rate": null, "buyer_edu_secondary": null, "buyer_gdp_mn_2030_proj": null, "buyer_gdp_pc_2030_proj": null, "buyer_gdp_pc_growth_pct": null, "buyer_gdp_mn_growth_pct": null, "buyer_pop_growth_pct": null, "exports_latest_usd": 30.456498455800194, "exports_avg_usd": 614.7463839441349, "exports_peak_usd": 1601.3839044642439, "share_latest_pct": 0.0000023183633198468997, "share_avg_pct": 0.0000835577148228311, "share_peak_pct": 0.00019185002975522706, "share_change_1y_pp": -0.00018953166643538016, "share_trend_pp_per_yr": -0.000027, "cagr_full_pct": -32.1881, "yoy_avg_pct": 277.9268, "yoy_latest_pct": -98.0981, "trend_consistency_pct": 50, "exports_proj_3y_usd": 12.85, "exports_proj_5y_usd": 7.23, "your_share_gap_pp": 27.9663, "addressable_proj_3y_usd": 564865429.54, "addressable_proj_5y_usd": 716064659.72, "peer_best_share_pct": 27.96628041178286, "peer_top_exporter": "CHL", "num_suppliers_latest": 39, "buyer_herfindahl_index": 2086.2, "distance_km": null, "shares_official_language": null, "common_spoken_language_score": null, "has_wto_reported_fta": null, "buyer_is_eu_member": null, "buyer_is_wto_member": null, "buyer_biz_entry_days": null, "shared_legal_system": null, "shared_religion": null, "shares_land_border": null, "lane_volatility_cv": 1.1412852805814042, "lane_max_drawdown_pct": 98.0981138644584, "signal_flag": "Declining", "lane_data_years": 3, "lane_last_year": 2021, "rank": 752, "importer_name": "Bolivia" } ], "sectors": [ { "hs2": "00", "sector_name": "HS2 sector 00", "opportunity_count": 3, "addressable_usd": 6140544661.89, "market_size_usd": 9433178727.816763, "growth": 32.3799, "growthCount": 3, "average_growth_pct": 10.7933 }, { "hs2": "88", "sector_name": "HS2 sector 88", "opportunity_count": 1, "addressable_usd": 1360803373.53, "market_size_usd": 1919199052.0312645, "growth": 10.2801, "growthCount": 1, "average_growth_pct": 10.2801 }, { "hs2": "85", "sector_name": "HS2 sector 85", "opportunity_count": 1, "addressable_usd": 995827681.27, "market_size_usd": 1725178021.4142668, "growth": 11.5678, "growthCount": 1, "average_growth_pct": 11.5678 } ], "sections": [ "overview", "markets", "opportunities", "sectors", "faq", "data-source" ], "methodology": { "summary": "Reported trade observations and calculated indicators are shown separately. Validate buyers, tariffs, standards, logistics, pricing, and competition before acting.", "url": "https://www.yugalinks.com/methodology" }, "faq": [ { "question": "Should Montenegro focus on Latin America and Caribbean?", "answer": "Use the market ranking as a starting point, then check product fit, buyer requirements, route costs, tariffs, standards, and competitive conditions." }, { "question": "What does calculated opportunity mean?", "answer": "It is a screening indicator built from demand and exporter-position signals. It is not a confirmed order, sales forecast, or guarantee of market entry." }, { "question": "How should exporters use this page?", "answer": "Prioritize one market and product combination, then validate buyers, compliance, logistics, pricing, and continuity before making a commercial decision." } ], "links": { "home": "https://www.yugalinks.com/", "trade": "https://www.yugalinks.com/trade/", "workspace": "https://www.yugalinks.com/app/countries", "dataSources": "https://www.yugalinks.com/data-sources", "methodology": "https://www.yugalinks.com/methodology", "json": "https://www.yugalinks.com/trade/playbook/MNE/region/latin-america/index.json", "markdown": "https://www.yugalinks.com/trade/playbook/MNE/region/latin-america/index.md", "jsonLd": "https://www.yugalinks.com/trade/playbook/MNE/region/latin-america/index.ld.json" }, "sourceAttribution": { "publisher": "OECD", "dataset": "Balanced international merchandise trade statistics (BIMTS) - HS2017-6D", "year": 2025, "citation": "OECD (2025), Balanced international merchandise trade statistics (BIMTS) - HS2017-6D, OECD Data Explorer (accessed on 2026-08-30)", "sourceUrl": "https://data-explorer.oecd.org/", "dataflowUrl": "https://sdmx.oecd.org/sti-public/rest/dataflow/OECD.SDD.TPS/DSD_BIMTS_6D@DF_BIMTS_HS2017_6D/1.0", "termsUrl": "https://www.oecd.org/termsandconditions/", "terms": "OECD Terms & Conditions", "accessed": "2026-08-30", "supportingSources": [ { "publisher": "CEPII", "dataset": "BACI bilateral trade flows", "release": "202601", "citation": "Gaulier, G. and Zignago, S. (2010), BACI: International Trade Database at the Product-Level. The 1994-2007 Version, CEPII Working Paper No. 2010-23.", "sourceUrl": "https://www.cepii.fr/DATA_DOWNLOAD/baci/doc/baci_webpage.html", "datasetUrl": "https://www.cepii.fr/CEPII/en/bdd_modele/bdd_modele_item.asp?id=37", "licenseUrl": "https://www.etalab.gouv.fr/wp-content/uploads/2018/11/open-licence.pdf", "license": "Etalab 2.0 Open Licence", "accessed": "2026-08-30" } ] }, "generatedAt": "2026-08-30T12:37:30.984Z" }