In 2020, Montenegro exported a total of $508M, making it the number 167 exporter in the world. During the last five reported years the exports of Montenegro have changed by $63.8M from $444M in 2015 to $508M in 2020.
In 2018, Montenegro exported $2.55B worth of services. The top services exported by Montenegro in 2018 were Personal travel ($1.63B), Transportation ($519M), Other business services ($149M), Computer and information services ($113M), and Construction services ($75.5M).
The top services imported by Montenegro in 2018 were Transportation ($414M), Other business services ($213M), Computer and information services ($134M), Personal travel ($94.8M), and Construction services ($62.5M).
Click any of the products in the bar chart to see the specific Ad Valorem Duty Rates by partner country.
*The tariffs applied to imports for Montenegro are:136: Most Favoured Nation duty rate treatement160: Preferential tariff for Albania172: Preferential tariff for Bosnia and Herzegovina220: Preferential tariff for European Union countries (SAA) Stabilisation and Association Agreement238: Preferential tariff for Iceland263: Preferential tariff for Macedonia, Former Yugoslav Republic of281: Preferential tariff for Norway292: Preferential tariff for Russian federation307: Preferential tariff for Switzerland and Liechtenstein318: Preferential tariff for the republic of Moldova322: Preferential tariff for Turkey325: Preferential tariff for Ukraine403: Montenegro Preferential tariff for Least Developed Countries (LDCs)
The top export opportunities for Montenegro according to the relatedness index, are Rough Wood (0.15), Gold (0.15), Bran (0.14), Wheat Flours (0.14), and Fruit Juice (0.14). Relatedness measures the distance between a country's current exports and each product. The barchart show only products that Montenegro is not specialized in.
The product space is a network connecting products that are likely to be co-exported. The product space can be used to predict future exports, since countries are more likely to start exporting products that are related to current exports. Relatedness measures the distance between a product, and all of the products a country currently specializes in.
This network shows the products most related to the production structure of Montenegro. These are products that tend to be co-exported with the products that Montenegro exports. Higher relatedness values indicate greater knowledge, which predicts a greater probability of exporting that product in the future.
The Complexity-Relatedness diagram compares the risk vs strategic value of a country's potential export oppotunities.
Relatedness is predictive of the probability that a country increases its exports in a product. Complexity, is associated with higher levels of income, economic growth, less income inequality, and lower greenhouse emissions.