2022
Exports
$37.4MWorld Rnk 98 / 221
Flag Rnk 6 / 95
2022
PRODUCT COMPLEXITY IN Wood, wood articles, & charcoal
0.3Rnk 451 / 1025
2022
Imports
$71MWorld Rnk 103 / 226
Flag Rnk 16 / 96

About

Exports In 2022, Montenegro exported $37.4M in Wood, wood articles, & charcoal, making it the 98th largest exporter of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 6th most exported product in Montenegro. The main destination of Wood, wood articles, & charcoal exports from Montenegro are: Serbia ($10.1M), Albania ($6.86M), Germany ($5.22M), North Macedonia ($4.93M), and Italy ($3.89M).

The fastest growing export markets for Wood, wood articles, & charcoal of Montenegro between 2021 and 2022 were Serbia ($4.62M), North Macedonia ($2.6M), and Croatia ($1.03M).

Imports In 2022, Montenegro imported $71M in Wood, wood articles, & charcoal, becoming the 103rd largest importer of Wood, wood articles, & charcoal in the world. At the same year, Wood, wood articles, & charcoal was the 16th most imported product in Montenegro. Montenegro imports Wood, wood articles, & charcoal primarily from: Turkey ($27.7M), Serbia ($20.2M), Bosnia and Herzegovina ($3.87M), Austria ($2.69M), and Slovenia ($2.23M).

The fastest growing import markets in Wood, wood articles, & charcoal for Montenegro between 2021 and 2022 were Turkey ($8.15M), Serbia ($2.11M), and Bosnia and Herzegovina ($1.26M).

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 Wood, wood articles, & charcoal. 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)$37.4M
IMPORTS (2022)$71M
NET TRADE (2022)-$33.5M

In 2022, Montenegro exported $37.4M in Wood, wood articles, & charcoal. The main destinations of Montenegro exports on Wood, wood articles, & charcoal were Serbia ($10.1M), Albania ($6.86M), Germany ($5.22M), North Macedonia ($4.93M), and Italy ($3.89M).

In 2022, Montenegro imported $71M in Wood, wood articles, & charcoal, mainly from Turkey ($27.7M), Serbia ($20.2M), Bosnia and Herzegovina ($3.87M), Austria ($2.69M), and Slovenia ($2.23M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood, wood articles, & charcoal EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Serbia$4.62M (84.2%)
North Macedonia$2.6M (112%)
Croatia$1.03M (271%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood, wood articles, & charcoal BY Montenegro WERE (2021 - 2022):
Albania-$845k (-11%)
Bosnia and Herzegovina-$548k (-79.4%)
Lebanon-$230k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Wood, wood articles, & charcoal were:
China $18.7B
Germany $12.9B
In 2022, Montenegro's main importing competitors in Wood, wood articles, & charcoal were:

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Trade Value of Wood, wood articles, & charcoal by Exporters

Potential Exports

Potential Exports

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N/A
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N/AN/A

Wood, wood articles, & charcoal’s highest export potential is N/A. With an export gap of N/A.   Wood, wood articles, & charcoal’s highest import potential is N/A with an import gap of N/A.

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