2023
Exports
$17.7MWorld Rnk 142 / 214
Flag Rnk 9 / 799
2023
PRODUCT COMPLEXITY IN Refined Petroleum
-0.94Rnk 813 / 1025
2023
Imports
$345MWorld Rnk 142 / 226
Flag Rnk 1 / 1123

About

Exports In 2023, Montenegro exported $17.7M in Refined Petroleum, making it the 142nd largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 9th most exported product in Montenegro. The main destination of Refined Petroleum exports from Montenegro are: Slovenia ($17.5M), Bulgaria ($64k), Bosnia and Herzegovina ($60.1k), Serbia ($36.3k), and Ukraine ($25k).

The fastest growing export markets for Refined Petroleum of Montenegro between 2022 and 2023 were Bulgaria ($36k), Serbia ($22k), and Greece ($1.52k).

Imports In 2023, Montenegro imported $345M in Refined Petroleum, becoming the 142nd largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 1st most imported product in Montenegro. Montenegro imports Refined Petroleum primarily from: Greece ($218M), Croatia ($99.1M), Serbia ($8.28M), Albania ($3.81M), and Italy ($3.62M).

The fastest growing import markets in Refined Petroleum for Montenegro between 2022 and 2023 were Serbia ($2.35M), Albania ($1.93M), and France ($1.01M).

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 Refined Petroleum. 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)$17.7M
IMPORTS (2023)$345M
NET TRADE (2023)-$327M

In 2023, Montenegro exported $17.7M in Refined Petroleum. The main destinations of Montenegro exports on Refined Petroleum were Slovenia ($17.5M), Bulgaria ($64k), Bosnia and Herzegovina ($60.1k), Serbia ($36.3k), and Ukraine ($25k).

In 2023, Montenegro imported $345M in Refined Petroleum, mainly from Greece ($218M), Croatia ($99.1M), Serbia ($8.28M), Albania ($3.81M), and Italy ($3.62M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Bulgaria$36k (128%)
Serbia$22k (153%)
Greece$1.52k (13.3%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Montenegro WERE (2022 - 2023):
Slovenia-$1.19M (-6.37%)
Ukraine-$216k (-89.6%)
Albania-$99.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Montenegro's main exporting competitors in Refined Petroleum were:
In 2023, Montenegro's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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

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

See methodology.

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