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Exports In 2023, Montenegro exported $54.4M in Pharmaceutical products, making it the 84th largest exporter of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 4th most exported product in Montenegro. The main destination of Pharmaceutical products exports from Montenegro are: Serbia ($36.9M), Germany ($13.3M), Bosnia and Herzegovina ($1.35M), Kazakhstan ($937k), and France ($317k).

The fastest growing export markets for Pharmaceutical products of Montenegro between 2022 and 2023 were Serbia ($10.1M), Germany ($5.63M), and France ($317k).

Imports In 2023, Montenegro imported $227M in Pharmaceutical products, becoming the 122nd largest importer of Pharmaceutical products in the world. At the same year, Pharmaceutical products was the 5th most imported product in Montenegro. Montenegro imports Pharmaceutical products primarily from: Switzerland ($41.5M), Serbia ($34.5M), Germany ($27.6M), Netherlands ($16.3M), and Hungary ($16M).

The fastest growing import markets in Pharmaceutical products for Montenegro between 2022 and 2023 were Switzerland ($13.3M), Hungary ($6.47M), and Serbia ($5.86M).

Latest Trends

Dec 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 Pharmaceutical products. 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)$54.4M
IMPORTS (2023)$227M
NET TRADE (2023)-$173M

In 2023, Montenegro exported $54.4M in Pharmaceutical products. The main destinations of Montenegro exports on Pharmaceutical products were Serbia ($36.9M), Germany ($13.3M), Bosnia and Herzegovina ($1.35M), Kazakhstan ($937k), and France ($317k).

In 2023, Montenegro imported $227M in Pharmaceutical products, mainly from Switzerland ($41.5M), Serbia ($34.5M), Germany ($27.6M), Netherlands ($16.3M), and Hungary ($16M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Pharmaceutical products EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Serbia$10.1M (37.7%)
Germany$5.63M (73.2%)
France$317k (10.6M%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Pharmaceutical products BY Montenegro WERE (2022 - 2023):
Mongolia-$156k (-100%)
North Macedonia-$133k (-34.1%)
United Arab Emirates-$50.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Montenegro's main exporting competitors in Pharmaceutical products were:
In 2023, Montenegro's main importing competitors in Pharmaceutical products were:

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Trade Value of Pharmaceutical products by Exporters

Potential Exports

Potential Exports

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

See methodology.

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