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Exports In 2022, Montenegro exported $237M in Raw Aluminium, making it the 50th largest exporter of Raw Aluminium in the world. At the same year, Raw Aluminium was the 3rd most exported product in Montenegro. The main destination of Raw Aluminium exports from Montenegro are: Switzerland ($86.5M), Luxembourg ($36.9M), Spain ($27.7M), Hong Kong ($21.7M), and Italy ($18.6M).

The fastest growing export markets for Raw Aluminium of Montenegro between 2021 and 2022 were Switzerland ($42.4M), Luxembourg ($32.7M), and Spain ($27.7M).

Imports In 2022, Montenegro imported $188M in Raw Aluminium, becoming the 48th largest importer of Raw Aluminium in the world. At the same year, Raw Aluminium was the 3rd most imported product in Montenegro. Montenegro imports Raw Aluminium primarily from: Venezuela ($75.9M), China ($58.5M), South Korea ($22.5M), Kazakhstan ($14M), and India ($5.26M).

The fastest growing import markets in Raw Aluminium for Montenegro between 2021 and 2022 were Venezuela ($75.9M), China ($58.5M), and South Korea ($22.5M).

Latest Trends

Apr 2024

Subnational Monthly Trade

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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 Raw Aluminium. 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

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EXPORTS (2022)$237M
IMPORTS (2022)$188M
NET TRADE (2022)$48.5M

In 2022, Montenegro exported $237M in Raw Aluminium. The main destinations of Montenegro exports on Raw Aluminium were Switzerland ($86.5M), Luxembourg ($36.9M), Spain ($27.7M), Hong Kong ($21.7M), and Italy ($18.6M).

In 2022, Montenegro imported $188M in Raw Aluminium, mainly from Venezuela ($75.9M), China ($58.5M), South Korea ($22.5M), Kazakhstan ($14M), and India ($5.26M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Raw Aluminium EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Switzerland$42.4M (96.2%)
Luxembourg$32.7M (781%)
Spain$27.7M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Aluminium BY Montenegro WERE (2021 - 2022):
Romania-$4.28M (-96.4%)
Slovenia-$3.2M (-100%)
Serbia-$2.88M (-76.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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In 2022, Montenegro's main exporting competitors in Raw Aluminium were:
Canada $9.37B
India $8.44B
Russia $8.16B
In 2022, Montenegro's main importing competitors in Raw Aluminium were:

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Trade Value of Raw Aluminium by Exporters

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