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Exports In 2023, Montenegro exported $5.34M in Cars, making it the 93rd largest exporter of Cars in the world. At the same year, Cars was the 21st most exported product in Montenegro. The main destination of Cars exports from Montenegro are: Serbia ($2.4M), Switzerland ($927k), Germany ($366k), Croatia ($298k), and Latvia ($259k).

The fastest growing export markets for Cars of Montenegro between 2022 and 2023 were Latvia ($259k), New Zealand ($132k), and Belgium ($118k).

Imports In 2023, Montenegro imported $325M in Cars, becoming the 109th largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Montenegro. Montenegro imports Cars primarily from: Germany ($115M), France ($41.9M), Serbia ($31.8M), Czechia ($20.9M), and Slovenia ($17.3M).

The fastest growing import markets in Cars for Montenegro between 2022 and 2023 were Germany ($51.7M), France ($20.8M), and Serbia ($9.68M).

Latest Trends

Dec 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Cars. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2023)$5.34M
IMPORTS (2023)$325M
NET TRADE (2023)-$320M

In 2023, Montenegro exported $5.34M in Cars. The main destinations of Montenegro exports on Cars were Serbia ($2.4M), Switzerland ($927k), Germany ($366k), Croatia ($298k), and Latvia ($259k).

In 2023, Montenegro imported $325M in Cars, mainly from Germany ($115M), France ($41.9M), Serbia ($31.8M), Czechia ($20.9M), and Slovenia ($17.3M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Cars EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Latvia$259k (1%)
New Zealand$132k (1%)
Belgium$118k (746%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Cars BY Montenegro WERE (2022 - 2023):
Slovenia-$1.5M (-88.7%)
Serbia-$678k (-22.1%)
Netherlands-$586k (-97.4%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Montenegro's main exporting competitors in Cars were:
Japan $119B
China $74.5B
In 2023, Montenegro's main importing competitors in Cars were:

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Trade Value of Cars by Exporters

Potential Exports

Potential Exports

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Cars’s highest export potential is N/A. With an export gap of N/A.   Cars’s highest import potential is N/A with an import gap of N/A.

See methodology.

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