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2022
Exports $100kWorld Rnk 60 / 166
Flag Rnk 252 / 849
2022
Destination $44.4k Serbia
2021 - 2022
FASTEST GROWING MARKET $44.4kSerbia
2022
PRODUCT COMPLEXITY IN Musical Instrument Parts1.19Rnk 106 / 1025
2022
Imports $165kWorld Rnk 109 / 204
Flag Rnk 675 / 1117
2022
Origin $3.78k Croatia
2021 - 2022
FASTEST GROWING ORIGIN $3.78kUnited Kingdom

About

Exports In 2022, Montenegro exported $100k in Musical Instrument Parts, making it the 60th largest exporter of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 252nd most exported product in Montenegro. The main destination of Musical Instrument Parts exports from Montenegro are: Serbia ($44.7k), Sri Lanka ($33.4k), Bosnia and Herzegovina ($11.8k), Albania ($4.21k), and Israel ($4k).

The fastest growing export markets for Musical Instrument Parts of Montenegro between 2021 and 2022 were Serbia ($44.4k), Sri Lanka ($33.4k), and Bosnia and Herzegovina ($11.8k).

Imports In 2022, Montenegro imported $165k in Musical Instrument Parts, becoming the 109th largest importer of Musical Instrument Parts in the world. At the same year, Musical Instrument Parts was the 675th most imported product in Montenegro. Montenegro imports Musical Instrument Parts primarily from: Croatia ($43.1k), Germany ($41.1k), China ($22.4k), United States ($20.5k), and United Kingdom ($7.69k).

The fastest growing import markets in Musical Instrument Parts for Montenegro between 2021 and 2022 were United Kingdom ($3.78k), Chinese Taipei ($3.52k), and Germany ($1.83k).

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 Musical Instrument Parts. 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)$100k
IMPORTS (2022)$165k
NET TRADE (2022)-$64.6k

In 2022, Montenegro exported $100k in Musical Instrument Parts. The main destinations of Montenegro exports on Musical Instrument Parts were Serbia ($44.7k), Sri Lanka ($33.4k), Bosnia and Herzegovina ($11.8k), Albania ($4.21k), and Israel ($4k).

In 2022, Montenegro imported $165k in Musical Instrument Parts, mainly from Croatia ($43.1k), Germany ($41.1k), China ($22.4k), United States ($20.5k), and United Kingdom ($7.69k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Musical Instrument Parts EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Serbia$44.4k (16k%)
Sri Lanka$33.4k (1%)
Bosnia and Herzegovina$11.8k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Musical Instrument Parts BY Montenegro WERE (2021 - 2022):
Albania-$12.4k (-74.7%)
Latvia-$487 (-100%)
North Macedonia-$121 (-100%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Musical Instrument Parts were:
China $367M
United States $290M
Germany $217M
In 2022, Montenegro's main importing competitors in Musical Instrument Parts were:
United States $309M
Germany $168M
China $160M

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Trade Value of Musical Instrument Parts by Exporters

Potential Exports

Potential Exports

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

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

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