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Pricing

2022
Flag → Flag
Exports $58.6MRnk 174 / 219
2022
Flag → Flag
Top Product $9.58MCoal Briquettes
2022
Flag → Flag
Exports $6.63MRnk 25 / 123
2022
Flag → Flag
Top Product $1.51MBroadcasting Equipment
2022
Flag
Economic Complexity (ECI) ECI 1.47Rnk 10 / 133
2022
Flag  
GDP$25.5TCURRENT US$
Rnk 1 / 186
2012-2022
Flag
GDP GROWTH56.7%CURRENT US$
Rnk 45 / 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 $76,399CURRENT US$
Rnk 8 / 186
2012-2022
Flag
GDP PC GROWTH47.5%CURRENT US$
Rnk 39 / 186
2022
Flag
GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
Flag
GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

United States-Montenegro Trade: In 2022, United States exported $58.6M to Montenegro. The main products that United States exported to Montenegro were Coal Briquettes ($9.58M), Cars ($4.89M), and Special purpose motor vehicles ($4.07M). Over the past 5 years the exports of United States to Montenegro have increased at an annualized rate of 21.1%, from $22.5M in 2017 to $58.6M in 2022.

In 2022, United States did not export any services to Montenegro.

Montenegro-United States Trade: In 2022, Montenegro exported $6.63M to United States. The main products that Montenegro exported to United States were Broadcasting Equipment ($1.51M), Aircraft Parts ($505k), and Telephones ($503k). Over the past 5 years the exports of Montenegro to United States have increased at an annualized rate of 3.24%,  from $3.39M in 2017 to $6.63M in 2022.

In 2022, Montenegro did not export any services to United States.

Comparison In 2022,  United States ranked 10 in the Economic Complexity Index (ECI 1.47),  and 2 in total exports ($1.95T). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Company data: In 2023, leading companies such as were at the forefront of exporting goods from Montenegro to the United States. Conversely, were notable for importing products to Montenegro from the United States.

Latest Trends

August, 2024

About

Overview In August 2024, United States exported $3.73M and imported $795k from Montenegro, resulting in a positive trade balance of $2.94M. Between August 2023 and August 2024 the exports of United States have decreased by $-2.93M (-44%) from $6.66M to $3.73M, while imports increased by $150k (23.3%) from $645k to $795k.

Trade In August 2024, the top exports of United States to Montenegro were Cars ($288k), Vinyl Chloride Polymers ($137k), Frozen Fruits and Nuts ($126k), Commodities not elsewhere specified ($109k), and Recreational Boats ($100k). In August 2024 the top imports of United States from Montenegro were Telephones ($137k), Valves ($128k), Commodities not elsewhere specified ($28.8k), Engine Parts ($28.2k), and Machinery Having Individual Functions ($19.5k).

Origins In August 2024 the exports of United States were mainly from North Carolina ($1.62M), Washington ($804k), New York ($256k), Texas ($193k), and South Carolina ($138k), while imports destinations were mainly New York ($540k), Texas ($116k), Florida ($44.1k), and Mississippi ($15.8k).

Growth In August 2024, the decrease in United States's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Motor vehicles; parts and accessories (8701... ($-8.71k or -24.9%) and Other Edible Preparations ($-8.02k or -70%). In August 2024, the increase in United States's year-by-year imports  from Montenegro was explained primarily by an increase in product imports  in Commodities not elsewhere specified ($17.3k or 150%), Engine Parts ($14k or 99.5%), and Plastic Lids ($4.86k or 1.27k%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (August 2023 - August 2024)$-2.93M(-44%)
IMPORT GROWTH (August 2023 - August 2024)$150k(23.3%)
MAIN EXPORTER (August 2024)North Carolina$1.62M

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

To check Montenegro and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2022, United States exported $58.6M to Montenegro. The main products exported from United States to Montenegro were Coal Briquettes ($9.58M), Cars ($4.89M), and Special purpose motor vehicles ($4.07M). During the last 5 years the exports of United States to Montenegro have increased at an annualized rate of 21.1%, from $22.5M in 2017 to $58.6M in 2022.

In 2017, Montenegro exported $6.63M to United States. The main products exported from Montenegro to United States were Broadcasting Equipment ($1.51M), Aircraft Parts ($505k), and Telephones ($503k). During the last 5 years the exports of Montenegro to United States have increased at an annualized rate of 3.24%, from $3.39M in 2022 to $6.63M in 2017.

Exports from United States (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to United States (Flag) (2022)

Market Competitiveness

Color
United States
Top DestinationCanada$308B
Montenegro
Top DestinationSouth Korea$321M

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

In 2022, countries that imported more from United States than Montenegro included Canada ($308B), Mexico ($294B), and China ($151B).

In 2022, countries that imported more from Montenegro than United States included San Marino ($2.1M) and Northern Mariana Islands ($105).

Difference in imports from Montenegro (Flag) and United States (Flag) (2022)

Comparative Advantage United States - Montenegro

Flow
Scale

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

During 2022, United States had a large net trade with Montenegro in the exports of Transportation ($14.5M), Mineral Products ($12.9M), and Machines ($9.86M).

During 2017, Montenegro had a large net trade with United States in the exports of Machines ($3.69M), Foodstuffs ($635k), and Transportation ($536k).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of United States and Montenegro. This means that a dot/product with the flag of United States indicates it has a comparative advantage over Montenegro. Similarly, a dot/product with the flag of Montenegro indicates it has a comparative advantage over United States.

Product Space of United States (Flag) and Montenegro (Flag) (2022)

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