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2023
Flag → Flag
Exports $372MRnk 97 / 220
2023
Flag → Flag
Top Product $115MCars
2023
Flag → Flag
Exports $48.2MRnk 7 / 130
2023
Flag → Flag
Top Product $13.3MPackaged Medicaments
2023
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Economic Complexity (ECI) ECI 1.79Rnk 5 / 132
2023
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GDP$4.53TCURRENT US$
Rnk 3 / 195
2013-2023
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GDP GROWTH18.8%CURRENT US$
Rnk 144 / 195
2023
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 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
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GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
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GDP PC $54,343CURRENT US$
Rnk 21 / 195
2013-2023
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GDP PC GROWTH15.1%CURRENT US$
Rnk 118 / 195
2023
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GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
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GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

Germany-Montenegro Trade: In 2023, Germany exported $372M to Montenegro. The main products that Germany exported to Montenegro were Cars ($115M), Packaged Medicaments ($21.8M), and Pig Meat ($20.8M). Over the past 5 years the exports of Germany to Montenegro have increased at an annualized rate of 7.26%, from $262M in 2018 to $372M in 2023.

In 2023, Germany did not export any services to Montenegro.

Montenegro-Germany Trade: In 2023, Montenegro exported $48.2M to Germany. The main products that Montenegro exported to Germany were Packaged Medicaments ($13.3M), Stone Processing Machines ($9.06M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($3.39M). Over the past 5 years the exports of Montenegro to Germany have increased at an annualized rate of 16.5%,  from $22.5M in 2018 to $48.2M in 2023.

In 2023, Montenegro did not export any services to Germany.

Comparison In 2023,  Germany ranked 5 in the Economic Complexity Index (ECI 1.79),  and 3 in total exports ($1.57T). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

Latest Trends

November, 2024

About

Overview In November 2024, Germany exported €25.3M and imported €3.47M from Montenegro, resulting in a positive trade balance of €21.8M. Between November 2023 and November 2024 the exports of Germany have increased by €8.6M (51.6%) from €16.7M to €25.3M, while imports decreased by €-1.18M (-25.3%) from €4.65M to €3.47M.

Trade In November 2024, the top exports of Germany to Montenegro were Motor cars and motor caravans (€1.84M), Other articles of iron, iron sheet,... (€1.54M), Meat and meat products (€950k), Printed products (€788k), and Other electric machinery, apparatus and appliances (€741k). In November 2024 the top imports of Germany from Montenegro were Pharmaceutical products (€383k), Chassis, bodies, engines etc. for motor... (€204k), Perfumes and toilet preparations (€200k), Articles of wood (excl. funiture) (€165k), and Jewellery, goldsmith's or silversmith's wares (€117k).

Origins In November 2024 the exports of Germany were mainly from Bavaria (€8.15M), North Rhine-Westphalia (€3.41M), Baden-Württemberg (€2.65M), Schleswig-Holstein (€1.61M), and Lower Saxony (€1.13M), while imports destinations were mainly North Rhine-Westphalia (€1.57M), Hesse (€1.16M), Baden-Württemberg (€327k), Bavaria (€180k), and Schleswig-Holstein (€121k).

Growth In November 2024, the increase in Germany's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Other articles of iron, iron sheet,... (€1.26M or 447%), Motor cars and motor caravans (€907k or 97.7%), and Printed products (€782k or 13k%). In November 2024, the decrease in Germany's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in Machinery for mining, quarrying and construction (€-415k or -82.5%), Pharmaceutical products (€-183k or -32.3%), and Chassis, bodies, engines etc. for motor... (€-84k or -29.2%).

Latest Trade

Time Scale
Flow
Value
EXPORT GROWTH (November 2023 - November 2024)€8.6M(51.6%)
IMPORT GROWTH (November 2023 - November 2024)€-1.18M(-25.3%)
MAIN EXPORTER (November 2024)Bavaria€8.15M

This section shows exports and imports data at subnational level for Germany. Click any date in the line plot, any subnational region in the geomap or any product to explore the exports or imports behavior of Germany over time.

To check Montenegro and Germany trade dynamics, check the bilateral page.

For full datasets download visit Bulk Download page.

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Historical Data

Bilateral Trade by Products

Depth
Value

In 2023, Germany exported $372M to Montenegro. The main products exported from Germany to Montenegro were Cars ($115M), Packaged Medicaments ($21.8M), and Pig Meat ($20.8M). During the last 5 years the exports of Germany to Montenegro have increased at an annualized rate of 7.26%, from $262M in 2018 to $372M in 2023.

In 2018, Montenegro exported $48.2M to Germany. The main products exported from Montenegro to Germany were Packaged Medicaments ($13.3M), Stone Processing Machines ($9.06M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($3.39M). During the last 5 years the exports of Montenegro to Germany have increased at an annualized rate of 16.5%, from $22.5M in 2023 to $48.2M in 2018.

Exports from Germany (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to Germany (Flag) (2023)

Market Competitiveness

Color
Germany
Top DestinationUnited States$157B
Montenegro
Top DestinationItaly$576M

This map shows whether countries import more from Germany or Montenegro. Each country is colored based on the difference in imports they receive from Germany and Montenegro or the difference in the growth in imports.

In 2023, countries that imported more from Germany than Montenegro included United States ($157B), France ($118B), and Netherlands ($108B).

In 2023, no countries were registered that imported more from Montenegro than from Germany.

Difference in imports from Montenegro (Flag) and Germany (Flag) (2023)

Comparative Advantage Germany - Montenegro

Flow
Scale

This chart compares trade between Germany and Montenegro by product, considering products traded by both, Germany and Montenegro.

During 2023, Germany had a large net trade with Montenegro in the exports of Transportation ($146M), Machines ($44.4M), and Chemical Products ($42.6M).

During 2018, Montenegro had a large net trade with Germany in the exports of Chemical Products ($14.5M), Machines ($11.5M), and Transportation ($7.27M).

Economic Complexity

Competitive Landscape

This visualization shows the product space at the HS4 level with the flags of Germany and Montenegro. This means that a dot/product with the flag of Germany indicates it has a comparative advantage over Montenegro. Similarly, a dot/product with the flag of Montenegro indicates it has a comparative advantage over Germany.

Product Space of Germany (Flag) and Montenegro (Flag) (2023)

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