New 50% OFF discount for academic accounts !
New 2022 ECI Rankings !
New Company Reports !
New Product Data Download Page !
Sign In
Pricing

2022
Flag → Flag
Exports $176MRnk 113 / 223
2022
Flag → Flag
Top Product $24.3MCars
2022
Flag → Flag
Exports $37.1MRnk 9 / 123
2022
Flag → Flag
Top Product $7.69MPackaged Medicaments
2022
Flag
Economic Complexity (ECI) ECI 1.75Rnk 3 / 124
2022
Flag  
GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
Flag
GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
Flag
 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
Flag
GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
Flag
GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
Flag
GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Germany-Montenegro In 2022, Germany exported $176M to Montenegro. The main products that Germany exported to Montenegro are Cars ($24.3M), Pig Meat ($13.5M), and Cheese ($12.8M). During the last 16 years the exports of Germany to Montenegro have increased at an annualized rate of 2.16%, from $125M in 2006 to $176M in 2022.

In 2022, Germany did not export any services to Montenegro.

Montenegro-Germany In 2022, Montenegro exported $37.1M to Germany. The main products that Montenegro exported to Germany were Packaged Medicaments ($7.69M), Stone Processing Machines ($7.59M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($4.27M). During the last 16 years the exports of Montenegro to Germany have increased at an annualized rate of 9.56%, from $8.6M in 2006 to $37.1M in 2022.

In 2022, Montenegro did not export any services to Germany.

Comparison In 2022,  Germany ranked 3 in the Economic Complexity Index (ECI 1.75),  and 3 in total exports ($1.6T). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

January, 2024

About

Overview In January 2024, Germany exported €15M and imported €1.75M from Montenegro, resulting in a positive trade balance of €13.2M. Between January 2023 and January 2024 the exports of Germany have increased by €3.12M (26.4%) from €11.9M to €15M, while imports increased by €139k (8.63%) from €1.61M to €1.75M.

Trade In January 2024, the top exports of Germany to Montenegro were Motor cars and motor caravans (€1.84M), Other articles of iron, iron sheet,... (€1.54M), Meat and meat products (€950k), Printed products (€788k), and Other electric machinery, apparatus and appliances (€741k). In January 2024 the top imports of Germany from Montenegro were Pharmaceutical products (€383k), Chassis, bodies, engines etc. for motor... (€204k), Perfumes and toilet preparations (€200k), Articles of wood (excl. funiture) (€165k), and Jewellery, goldsmith's or silversmith's wares (€117k).

Origins In January 2024 the exports of Germany were mainly from North Rhine-Westphalia (€2.47M), Bavaria (€2.46M), Baden-Württemberg (€2.18M), Lower Saxony (€835k), and Hesse (€663k), while imports destinations were mainly North Rhine-Westphalia (€919k), Baden-Württemberg (€354k), Hesse (€220k), Bavaria (€105k), and Bremen (€79k).

Growth In January 2024, the increase in Germany's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Other articles of iron, iron sheet,... (€1.26M or 447%), Motor cars and motor caravans (€907k or 97.7%), and Printed products (€782k or 13k%). In January 2024, the increase in Germany's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in Articles of wood (excl. funiture) (€88k or 114%), Plywood, particle board, fibreboard, veneer sheets (€52k or 96.3%), and Other articles of iron, iron sheet,... (€35k or 1.17k%).

Latest Trade

Flow
Time Scale
Value
EXPORT GROWTH (January 2023 - January 2024)€3.12M(26.4%)
IMPORT GROWTH (January 2023 - January 2024)€139k(8.63%)
MAIN EXPORTER (January 2024)North Rhine-Westphalia€2.47M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Montenegro and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

Explore Montenegro and Germany Data

Go to Bulk Download

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Subscribe today to OEC pro and access the latest data

Sign Up

Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, Germany exported $176M to Montenegro. The main products exported from Germany to Montenegro were Cars ($24.3M), Pig Meat ($13.5M), and Cheese ($12.8M). During the last 16 years the exports of Germany to Montenegro have increased at an annualized rate of 2.16%, from $125M in 2006 to $176M in 2022.

In 2022, Montenegro exported $37.1M to Germany. The main products exported from Montenegro to Germany were Packaged Medicaments ($7.69M), Stone Processing Machines ($7.59M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($4.27M). During the last 16 years the exports of Montenegro to Germany have increased at an annualized rate of 9.56%, from $8.6M in 2006 to $37.1M in 2022.

Exports from Germany (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Montenegro
Top DestinationSouth Korea$321M

This map shows whether countries import more from Germany or Montenegro. Each country is colored based on the difference in imports they receive from Germany and Montenegro or the difference in the growth in imports.

In 2021, countries that imported more from Germany than Montenegro were United States ($153B), France ($120B), and China ($109B).

In 2019, no countries were registered that imported more from Montenegro than from Germany.

Difference in imports from Montenegro (Flag) and Germany (Flag) (2022)

Comparative Advantage Germany - Montenegro

Flow
Scale

This chart compares trade between Germany and Montenegro by product, considering products traded by both, Germany and Montenegro.

During 2022, Germany had a large net trade with Montenegro in the exports of Transportation ($39.9M), Machines ($29.9M), and Animal Products ($28.1M).

During 2022, Montenegro had a large net trade with Germany in the exports of Machines ($9.58M), Chemical Products ($8.27M), and Transportation ($5.77M).

Economic Complexity

Competitive Landscape

This visualization show the product space at the HS4 level colored from blue to yellow.  This mean that the more blue a dot/product is, the more Germany has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over Germany.

Product Space of Germany (Flag) and Montenegro (Flag) (2022)

Keep Exploring

Have questions, comments, or concerns?
Send us an e-mail: [email protected]
Follow @OECtoday on
Created, Designed, and Developed by:
In collaboration with
About the OECPrivacy PolicyTerms