2022
Exports
$43.9MWorld Rnk 84 / 217
Flag Rnk 5 / 849
2022
PRODUCT COMPLEXITY IN Packaged Medicaments
0.67Rnk 291 / 1025
2022
Imports
$110MWorld Rnk 130 / 224
Flag Rnk 5 / 1117

About

Exports In 2022, Montenegro exported $43.9M in Packaged Medicaments, making it the 84th largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most exported product in Montenegro. The main destination of Packaged Medicaments exports from Montenegro are: Serbia ($33.7M), Germany ($7.69M), Bosnia and Herzegovina ($778k), Kazakhstan ($635k), and North Macedonia ($305k).

The fastest growing export markets for Packaged Medicaments of Montenegro between 2021 and 2022 were Serbia ($8.02M), Germany ($5.91M), and Kazakhstan ($469k).

Imports In 2022, Montenegro imported $110M in Packaged Medicaments, becoming the 130th largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most imported product in Montenegro. Montenegro imports Packaged Medicaments primarily from: Serbia ($39M), Slovenia ($10.8M), Switzerland ($5.64M), Denmark ($5.53M), and Germany ($5.29M).

The fastest growing import markets in Packaged Medicaments for Montenegro between 2021 and 2022 were Serbia ($5.48M), United States ($2.2M), and Switzerland ($1.28M).

Latest Trends

May 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 Packaged Medicaments. 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)$43.9M
IMPORTS (2022)$110M
NET TRADE (2022)-$66.1M

In 2022, Montenegro exported $43.9M in Packaged Medicaments. The main destinations of Montenegro exports on Packaged Medicaments were Serbia ($33.7M), Germany ($7.69M), Bosnia and Herzegovina ($778k), Kazakhstan ($635k), and North Macedonia ($305k).

In 2022, Montenegro imported $110M in Packaged Medicaments, mainly from Serbia ($39M), Slovenia ($10.8M), Switzerland ($5.64M), Denmark ($5.53M), and Germany ($5.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Serbia$8.02M (31.3%)
Germany$5.91M (331%)
Kazakhstan$469k (281%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Montenegro WERE (2021 - 2022):
Russia-$29.3M (-100%)
Bosnia and Herzegovina-$222k (-22.2%)
North Macedonia-$144k (-32.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Packaged Medicaments were:
In 2022, Montenegro's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

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

See methodology.

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