Montenegro (MNE)

Annual exports and imports in 2024 (USD).

Source: UN Comtrade. Warehouse 1: partner = World totals by HS4 and year.

Exports

$660.69M

Imports

$4.40B

Total trade

$5.06B

Trade balance

-$3.74B

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Montenegro - trade dependency by partner, 2024 (USD)

Share of exports, imports, and total trade attributed to each partner.

Year: 2024 | Unit: USD | Snapshot: 20251222 | Source: UN Comtrade

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Showing top 10 partners by total dependency.

Rank #1

Serbia (SRB)

Total

19.0%

Exports

30.2%

$199.61M

Imports

17.3%

$760.98M

Total

19.0%

$960.59M

Rank #2

China (CHN)

Total

10.7%

Exports

3.5%

$23.35M

Imports

11.8%

$520.01M

Total

10.7%

$543.36M

Rank #3

Germany (DEU)

Total

9.2%

Exports

2.6%

$17.23M

Imports

10.2%

$446.96M

Total

9.2%

$464.18M

Rank #4

Italy (ITA)

Total

5.8%

Exports

3.2%

$21.34M

Imports

6.2%

$272.86M

Total

5.8%

$294.20M

Rank #5

Bosnia Herzegovina (BIH)

Total

5.6%

Exports

7.4%

$48.82M

Imports

5.4%

$236.37M

Total

5.6%

$285.20M

Rank #6

Greece (GRC)

Total

5.2%

Exports

1.0%

$6.57M

Imports

5.9%

$258.24M

Total

5.2%

$264.81M

Rank #7

Croatia (HRV)

Total

5.1%

Exports

1.1%

$7.27M

Imports

5.7%

$252.57M

Total

5.1%

$259.84M

Rank #8

Türkiye (TUR)

Total

4.2%

Exports

2.0%

$13.42M

Imports

4.5%

$198.53M

Total

4.2%

$211.94M

Rank #9

Albania (ALB)

Total

2.4%

Exports

4.8%

$31.75M

Imports

2.1%

$92.01M

Total

2.4%

$123.76M

Rank #10

France (FRA)

Total

2.4%

Exports

0.6%

$4.05M

Imports

2.6%

$116.12M

Total

2.4%

$120.17M

Rank	Partner	Export dependency	Import dependency	Total dependency
1	Serbia (SRB)	30.2% $199.61M	17.3% $760.98M	19.0% $960.59M
2	China (CHN)	3.5% $23.35M	11.8% $520.01M	10.7% $543.36M
3	Germany (DEU)	2.6% $17.23M	10.2% $446.96M	9.2% $464.18M
4	Italy (ITA)	3.2% $21.34M	6.2% $272.86M	5.8% $294.20M
5	Bosnia Herzegovina (BIH)	7.4% $48.82M	5.4% $236.37M	5.6% $285.20M
6	Greece (GRC)	1.0% $6.57M	5.9% $258.24M	5.2% $264.81M
7	Croatia (HRV)	1.1% $7.27M	5.7% $252.57M	5.1% $259.84M
8	Türkiye (TUR)	2.0% $13.42M	4.5% $198.53M	4.2% $211.94M
9	Albania (ALB)	4.8% $31.75M	2.1% $92.01M	2.4% $123.76M
10	France (FRA)	0.6% $4.05M	2.6% $116.12M	2.4% $120.17M

Generated by TradeVedia.comSource: UN Comtrade

In 2024, Montenegro's total trade was $5.1B, with exports reaching $660.7M and imports totaling $4.4B.
Montenegro's trade balance in 2024 was -$3.7B, placing it at rank 110 globally for total trade.
Serbia was Montenegro's top export partner, accounting for 30.2% of exports with $199.6M, and also its top import partner with $761.0M.
Mineral fuels, mineral oils and products of their distillation (HS2 27) were both the leading export product category ($167.0M) and import product category ($460.4M) in 2024.
Key export products included beverages, spirits and vinegar ($48.9M) and aluminium and articles thereof ($48.0M).
Top import products also included vehicles ($423.8M, HS2 87) and machinery and mechanical appliances ($340.6M, HS2 84).

Montenegro's Export Overview (2024)

In 2024, Montenegro's exports amounted to $660.7M. The primary export partner was Serbia, receiving $199.6M, which represented 30.2% of total exports. Other significant export partners included Bosnia Herzegovina ($48.8M) and Switzerland ($40.2M). The leading export product category was Mineral fuels, mineral oils and products of their distillation (HS2 27), constituting $167.0M of exports. Beverages, spirits and vinegar (HS2 22) and Aluminium and articles thereof (HS2 76) were also major export commodities, valued at $48.9M and $48.0M respectively.

Montenegro's Import Overview (2024)

Montenegro's imports totaled $4.4B in 2024. Serbia was the largest import partner, supplying goods worth $761.0M, representing 17.3% of total imports. China ($520.0M) and Germany ($447.0M) were also prominent import sources. The most imported product category was Mineral fuels, mineral oils and products of their distillation (HS2 27), totaling $460.4M. Vehicles (HS2 87) accounted for $423.8M, and Machinery and mechanical appliances (HS2 84) for $340.6M of the imports.

Exports

Montenegro - exports over time (Exports), 2015-2024 (USD)

Annual reported export values across available years.

Flow: Exports | Years: 2015-2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Top export categories

Largest HS2 categories by export value in the selected year.

#1 • HS 27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

$167.01M

25.3% share

#2 • HS 22

Beverages, spirits and vinegar

$48.88M

7.4% share

#3 • HS 76

Aluminium and articles thereof

$47.99M

7.3% share

#4 • HS 26

Ores, slag and ash

$45.88M

6.9% share

#5 • HS 44

Wood and articles of wood; wood charcoal

$45.31M

6.9% share

#6 • HS 30

Pharmaceutical products

$41.94M

6.3% share

#7 • HS 88

Aircraft, spacecraft, and parts thereof

$41.58M

6.3% share

#8 • HS 02

Meat and edible meat offal

$34.79M

5.3% share

#9 • HS 84

Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof

$20.43M

3.1% share

#10 • HS 87

Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof

$15.83M

2.4% share

#11 • HS 85

Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

$13.25M

2.0% share

#12 • HS 73

Iron or steel articles

$10.76M

1.6% share

#13 • HS 74

Copper and articles thereof

$10.52M

1.6% share

#14 • HS 36

Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations

$10.31M

1.6% share

#15 • HS 62

Apparel and clothing accessories; not knitted or crocheted

$10.27M

1.6% share

Rank	Category	Value	Share
1	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	$167.01M	25.3%
2	Beverages, spirits and vinegar	$48.88M	7.4%
3	Aluminium and articles thereof	$47.99M	7.3%
4	Ores, slag and ash	$45.88M	6.9%
5	Wood and articles of wood; wood charcoal	$45.31M	6.9%
6	Pharmaceutical products	$41.94M	6.3%
7	Aircraft, spacecraft, and parts thereof	$41.58M	6.3%
8	Meat and edible meat offal	$34.79M	5.3%
9	Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof	$20.43M	3.1%
10	Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof	$15.83M	2.4%
11	Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles	$13.25M	2.0%
12	Iron or steel articles	$10.76M	1.6%
13	Copper and articles thereof	$10.52M	1.6%
14	Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations	$10.31M	1.6%
15	Apparel and clothing accessories; not knitted or crocheted	$10.27M	1.6%

Labels hide HS codes by default — hover a category to reveal the code.

Montenegro - export composition by product categories (Exports), 2024 (USD)

Largest product categories by export value in the selected year.

Flow: Exports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Montenegro - export composition by 4-digit product groups (Exports), 2024 (USD)

Area reflects share within the displayed list; hover for product codes.

Flow: Exports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Imports

Montenegro - imports over time (Imports), 2015-2024 (USD)

Annual reported import values across available years.

Flow: Imports | Years: 2015-2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Top import categories

Largest HS2 categories by import value in the selected year.

#1 • HS 27

Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes

$460.42M

10.5% share

#2 • HS 87

Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof

$423.82M

9.6% share

#3 • HS 84

Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof

$340.60M

7.7% share

#4 • HS 85

Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles

$288.31M

6.6% share

#5 • HS 30

Pharmaceutical products

$224.74M

5.1% share

#6 • HS 02

Meat and edible meat offal

$164.27M

3.7% share

#7 • HS 22

Beverages, spirits and vinegar

$135.55M

3.1% share

#8 • HS 73

Iron or steel articles

$134.00M

3.0% share

#9 • HS 94

Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.c.; illuminated signs, illuminated name-plates and the like; prefabricated buildings

$133.73M

3.0% share

#10 • HS 39

Plastics and articles thereof

$118.14M

2.7% share

#11 • HS 62

Apparel and clothing accessories; not knitted or crocheted

$91.45M

2.1% share

#12 • HS 04

Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included

$90.14M

2.0% share

#13 • HS 21

Miscellaneous edible preparations

$88.93M

2.0% share

#14 • HS 19

Preparations of cereals, flour, starch or milk; pastrycooks' products

$86.33M

2.0% share

#15 • HS 76

Aluminium and articles thereof

$84.36M

1.9% share

Rank	Category	Value	Share
1	Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes	$460.42M	10.5%
2	Vehicles; other than railway or tramway rolling stock, and parts and accessories thereof	$423.82M	9.6%
3	Machinery and mechanical appliances, boilers, nuclear reactors; parts thereof	$340.60M	7.7%
4	Electrical machinery and equipment and parts thereof; sound recorders and reproducers; television image and sound recorders and reproducers, parts and accessories of such articles	$288.31M	6.6%
5	Pharmaceutical products	$224.74M	5.1%
6	Meat and edible meat offal	$164.27M	3.7%
7	Beverages, spirits and vinegar	$135.55M	3.1%
8	Iron or steel articles	$134.00M	3.0%
9	Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, n.e.c.; illuminated signs, illuminated name-plates and the like; prefabricated buildings	$133.73M	3.0%
10	Plastics and articles thereof	$118.14M	2.7%
11	Apparel and clothing accessories; not knitted or crocheted	$91.45M	2.1%
12	Dairy produce; birds' eggs; natural honey; edible products of animal origin, not elsewhere specified or included	$90.14M	2.0%
13	Miscellaneous edible preparations	$88.93M	2.0%
14	Preparations of cereals, flour, starch or milk; pastrycooks' products	$86.33M	2.0%
15	Aluminium and articles thereof	$84.36M	1.9%

Labels hide HS codes by default — hover a category to reveal the code.

Montenegro - import composition by product categories (Imports), 2024 (USD)

Largest product categories by import value in the selected year.

Flow: Imports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade

Montenegro - import composition by 4-digit product groups (Imports), 2024 (USD)

Area reflects share within the displayed list; hover for product codes.

Flow: Imports | Year: 2024 | Unit: USD | Source: UN Comtrade

Generated by TradeVedia.comSource: UN Comtrade