2023
Exports
$742MWorld Rnk 27 / 102
Flag Rnk 1 / 799
falsefalse Italy
2023
PRODUCT COMPLEXITY IN Electricity
-0.74Rnk 770 / 1025
2023
Imports
$179MWorld Rnk 52 / 126
Flag Rnk 3 / 1123

About

Exports In 2023, Montenegro exported $742M in Electricity, making it the 27th largest exporter of Electricity in the world. At the same year, Electricity was the 1st most exported product in Montenegro. The main destination of Electricity exports from Montenegro are: Italy ($546M), Serbia ($50.6M), Slovenia ($48.7M), Czechia ($31.6M), and Bosnia and Herzegovina ($27.2M).

The fastest growing export markets for Electricity of Montenegro between 2022 and 2023 were Slovenia ($25.3M), Czechia ($17.3M), and Serbia ($6M).

Imports In 2023, Montenegro imported $179M in Electricity, becoming the 52nd largest importer of Electricity in the world. At the same year, Electricity was the 3rd most imported product in Montenegro. Montenegro imports Electricity primarily from: Bosnia and Herzegovina ($58.4M), Serbia ($53.2M), Italy ($31.8M), Switzerland ($12.8M), and Slovenia ($10.6M).

Latest Trends

Jan 2025

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 Electricity. 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)$742M
IMPORTS (2023)$179M
NET TRADE (2023)$563M

In 2023, Montenegro exported $742M in Electricity. The main destinations of Montenegro exports on Electricity were Italy ($546M), Serbia ($50.6M), Slovenia ($48.7M), Czechia ($31.6M), and Bosnia and Herzegovina ($27.2M).

In 2023, Montenegro imported $179M in Electricity, mainly from Bosnia and Herzegovina ($58.4M), Serbia ($53.2M), Italy ($31.8M), Switzerland ($12.8M), and Slovenia ($10.6M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electricity EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Slovenia$25.3M (108%)
Czechia$17.3M (121%)
Serbia$6M (13.5%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electricity BY Montenegro WERE (2022 - 2023):
Italy-$479M (-46.7%)
Bosnia and Herzegovina-$32.3M (-54.2%)
Switzerland-$9.1M (-35.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Montenegro's main exporting competitors in Electricity were:
In 2023, Montenegro's main importing competitors in Electricity were:

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Trade Value of Electricity by Exporters

Potential Exports

Potential Exports

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N/A
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N/AN/A

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

See methodology.

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