Overview In January 2024 Montenegro exported $29.1M and imported $12.9M, resulting in a positive trade balance of $16.2M. Between January 2023 and January 2024 the exports of Montenegro have increased by $7.54M (35.1%) from $21.5M to $29.1M, while imports decreased by $-33.8M (-72.4%) from $46.7M to $12.9M.
Trade In January 2024, the top exports of Montenegro were Tractors ($12.4M), Raw Plastic Sheeting ($4.11M), Other Firearms ($2.46M), Tanned Equine and Bovine Hides ($2.3M), and Vegetable Tanning Extracts ($1.77M). In January 2024 the top imports of Montenegro were Motor vehicles; parts and accessories (8701... ($4.64M), Propylene Polymers ($1.42M), Acyclic Alcohols ($977k), Metal Lathes ($639k), and Combustion Engines ($600k).
Destinations In January 2024, Montenegro exported mostly to Argentina ($4.65M), South Africa ($2.99M), Uruguay ($2.56M), Paraguay ($2.56M), and China ($2.31M), and imported mostly from Germany ($3.3M), United States ($3.17M), India ($1.03M), Italy ($982k), and Argentina ($649k).
Growth In January 2024, the increase in Montenegro's year-by-year exports was explained primarily by an increase in exports to United States ($1.22M or 68.6%), Bolivia ($570k or 615%), and Uruguay ($492k or 24.6%), and product exports increase in Petroleum Coke ($1M or 1.14k%), Motor vehicles; parts and accessories (8701... ($723k or 47.3%), and Other Prepared Meat ($471k or 665%). In January 2024, the decrease in Montenegro's year-by-year imports was explained primarily by an decrease in imports from Argentina ($-3.67M or -40.7%), China ($-2.91M or -67.7%), and Belgium ($-533k or -68.7%), and product imports decrease in Nitrogenous Fertilizers ($-2.92M or -67.8%), Rubber Tires ($-2.15M or -62.4%), and Iron Pipes ($-523k or -51.6%).