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Exports In 2022, Montenegro exported $14.4M in Iron & steel, making it the 138th largest exporter of Iron & steel in the world. At the same year, Iron & steel was the 12th most exported product in Montenegro. The main destination of Iron & steel exports from Montenegro are: Turkey ($11.6M), Spain ($672k), Italy ($527k), Serbia ($437k), and Bosnia and Herzegovina ($270k).

The fastest growing export markets for Iron & steel of Montenegro between 2021 and 2022 were Bosnia and Herzegovina ($118k), Spain ($90.6k), and India ($71.7k).

Imports In 2022, Montenegro imported $87.8M in Iron & steel, becoming the 146th largest importer of Iron & steel in the world. At the same year, Iron & steel was the 12th most imported product in Montenegro. Montenegro imports Iron & steel primarily from: Bosnia and Herzegovina ($28.3M), Serbia ($15.8M), China ($9.56M), Turkey ($8.85M), and Albania ($6.7M).

The fastest growing import markets in Iron & steel for Montenegro between 2021 and 2022 were Bosnia and Herzegovina ($5.75M), Turkey ($2.16M), and Sweden ($1.08M).

Latest Trends

Jul 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 Iron & steel. 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 (2022)$14.4M
IMPORTS (2022)$87.8M
NET TRADE (2022)-$73.4M

In 2022, Montenegro exported $14.4M in Iron & steel. The main destinations of Montenegro exports on Iron & steel were Turkey ($11.6M), Spain ($672k), Italy ($527k), Serbia ($437k), and Bosnia and Herzegovina ($270k).

In 2022, Montenegro imported $87.8M in Iron & steel, mainly from Bosnia and Herzegovina ($28.3M), Serbia ($15.8M), China ($9.56M), Turkey ($8.85M), and Albania ($6.7M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron & steel EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Spain$90.6k (15.6%)
India$71.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron & steel BY Montenegro WERE (2021 - 2022):
Turkey-$11.3M (-49.4%)
Germany-$4.46M (-96.8%)
Albania-$1.75M (-96.4%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Montenegro's main exporting competitors in Iron & steel were:
China $69.8B
Germany $36.9B
Japan $35.7B
In 2022, Montenegro's main importing competitors in Iron & steel were:

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Trade Value of Iron & steel by Exporters

Potential Exports

Potential Exports

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

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