Montenegro / Serbia

Montenegro-Serbia Trade: In 2023, Montenegro exported $202M to Serbia. The main products that Montenegro exported to Serbia were Electricity ($50.6M), Packaged Medicaments ($36.9M), and Preserved Meat ($18.5M). Over the past 5 years the exports of Montenegro to Serbia have increased at an annualized rate of 13.8%, from $106M in 2018 to $202M in 2023.

In 2023, Montenegro did not export any services to Serbia.

Serbia-Montenegro Trade: In 2023, Serbia exported $995M to Montenegro. The main products that Serbia exported to Montenegro were Electricity ($53.2M), Flavored Water ($40.9M), and Cars ($31.8M). Over the past 5 years the exports of Serbia to Montenegro have increased at an annualized rate of 5.62%,  from $757M in 2018 to $995M in 2023.

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 2023,  Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index. That same year, Serbia ranked 35 in the Economic Complexity Index (ECI 0.76), and 69 in total exports ($32.6B).