2022
Exports
$1.56MWorld Rnk 118 / 226
Flag Rnk 63 / 849
2022
PRODUCT COMPLEXITY IN Motor vehicles; parts and accessories (8701 to 8705)
1Rnk 170 / 1025
2022
Imports
$24MWorld Rnk 147 / 225
Flag Rnk 38 / 1117

About

Exports In 2022, Montenegro exported $1.56M in Motor vehicles; parts and accessories (8701 to 8705), making it the 118th largest exporter of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 63rd most exported product in Montenegro. The main destination of Motor vehicles; parts and accessories (8701 to 8705) exports from Montenegro are: Mauritania ($484k), Turkey ($453k), Egypt ($177k), Germany ($130k), and Albania ($95.3k).

The fastest growing export markets for Motor vehicles; parts and accessories (8701 to 8705) of Montenegro between 2021 and 2022 were Mauritania ($462k), Turkey ($447k), and Egypt ($170k).

Imports In 2022, Montenegro imported $24M in Motor vehicles; parts and accessories (8701 to 8705), becoming the 147th largest importer of Motor vehicles; parts and accessories (8701 to 8705) in the world. At the same year, Motor vehicles; parts and accessories (8701 to 8705) was the 38th most imported product in Montenegro. Montenegro imports Motor vehicles; parts and accessories (8701 to 8705) primarily from: Serbia ($6.88M), China ($2.93M), Germany ($2.68M), Bosnia and Herzegovina ($2.22M), and Italy ($1.13M).

The fastest growing import markets in Motor vehicles; parts and accessories (8701 to 8705) for Montenegro between 2021 and 2022 were Serbia ($1.02M), China ($814k), and United States ($573k).

Latest Trends

Nov 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 Motor vehicles; parts and accessories (8701 to 8705). 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)$1.56M
IMPORTS (2022)$24M
NET TRADE (2022)-$22.5M

In 2022, Montenegro exported $1.56M in Motor vehicles; parts and accessories (8701 to 8705). The main destinations of Montenegro exports on Motor vehicles; parts and accessories (8701 to 8705) were Mauritania ($484k), Turkey ($453k), Egypt ($177k), Germany ($130k), and Albania ($95.3k).

In 2022, Montenegro imported $24M in Motor vehicles; parts and accessories (8701 to 8705), mainly from Serbia ($6.88M), China ($2.93M), Germany ($2.68M), Bosnia and Herzegovina ($2.22M), and Italy ($1.13M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Motor vehicles; parts and accessories (8701 to 8705) EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Mauritania$462k (2.18k%)
Turkey$447k (7.4k%)
Egypt$170k (2.68k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Motor vehicles; parts and accessories (8701 to 8705) BY Montenegro WERE (2021 - 2022):
Canada-$209k (-95.7%)
North Macedonia-$14.7k (-45.1%)
Croatia-$12.2k (-81%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Motor vehicles; parts and accessories (8701 to 8705) were:
In 2022, Montenegro's main importing competitors in Motor vehicles; parts and accessories (8701 to 8705) were:

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Trade Value of Motor vehicles; parts and accessories (8701 to 8705) by Exporters

Potential Exports

Potential Exports

Flow
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N/A
N/AN/A
N/AN/A

Motor vehicles; parts and accessories (8701 to 8705)’s highest export potential is N/A. With an export gap of N/A.   Motor vehicles; parts and accessories (8701 to 8705)’s highest import potential is N/A with an import gap of N/A.

See methodology.

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