Montenegro / Serbia

Montenegro-Serbia Trade: In 2022, Montenegro exported $159M to Serbia. The main products that Montenegro exported to Serbia were Packaged Medicaments ($33.7M), Electricity ($29.9M), and Preserved Meat ($14.2M). Over the past 5 years the exports of Montenegro to Serbia have increased at an annualized rate of 14%, from $82.6M in 2017 to $159M in 2022.

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

Serbia-Montenegro Trade: In 2022, Serbia exported $1.15B to Montenegro. The main products that Serbia exported to Montenegro were Electricity ($145M), Packaged Medicaments ($39M), and Cars ($32.2M). Over the past 5 years the exports of Serbia to Montenegro have increased at an annualized rate of 7.5%,  from $803M in 2017 to $1.15B in 2022.

In 2009, Serbia exported services to Montenegro worth $156M, with Other business services ($42.8M), Construction services ($30.9M), and Travel ($19.1M) being the largest in terms of value.

Comparison In 2022,  Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index. That same year, Serbia ranked 36 in the Economic Complexity Index (ECI 0.75), and 70 in total exports ($30.3B).