Serbia / Montenegro

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.

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.

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