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2022
Flag → Flag
Exports $176MRnk 113 / 223
2022
Flag → Flag
Top Product $24.3MCars
2022
Flag → Flag
Exports $37.1MRnk 9 / 123
2022
Flag → Flag
Top Product $7.69MPackaged Medicaments
2022
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Economic Complexity (ECI) ECI 1.78Rnk 5 / 133
2022
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GDP$4.07TCURRENT US$
Rnk 4 / 186
2012-2022
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GDP GROWTH15.5%CURRENT US$
Rnk 136 / 186
2022
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 GDP$6.1BCURRENT US$
Rnk 151 / 186
2012-2022
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GDP GROWTH49.1%CURRENT US$
Rnk 65 / 186
2022
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GDP PC $48,432CURRENT US$
Rnk 21 / 186
2012-2022
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GDP PC GROWTH10.4%CURRENT US$
Rnk 115 / 186
2022
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GDP PC$9,894CURRENT US$
Rnk 79 / 186
2012-2022
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GDP PC GROWTH50.2%CURRENT US$
Rnk 35 / 186

About

Germany-Montenegro Trade: In 2022, Germany exported $176M to Montenegro. The main products that Germany exported to Montenegro were Cars ($24.3M), Pig Meat ($13.5M), and Cheese ($12.8M). Over the past 5 years the exports of Germany to Montenegro have increased at an annualized rate of 3.17%, from $151M in 2017 to $176M in 2022.

In 2022, Germany did not export any services to Montenegro.

Montenegro-Germany Trade: In 2022, Montenegro exported $37.1M to Germany. The main products that Montenegro exported to Germany were Packaged Medicaments ($7.69M), Stone Processing Machines ($7.59M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($4.27M). Over the past 5 years the exports of Montenegro to Germany have increased at an annualized rate of 12.8%,  from $20.3M in 2017 to $37.1M in 2022.

In 2022, Montenegro did not export any services to Germany.

Comparison In 2022,  Germany ranked 5 in the Economic Complexity Index (ECI 1.78),  and 3 in total exports ($1.6T). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

Latest Trends

August, 2024

About

Overview In August 2024, Germany exported €16.3M and imported €2.08M from Montenegro, resulting in a positive trade balance of €14.2M. Between August 2023 and August 2024 the exports of Germany have decreased by €-1.3M (-7.39%) from €17.6M to €16.3M, while imports decreased by €-571k (-21.6%) from €2.65M to €2.08M.

Trade In August 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 August 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 August 2024 the exports of Germany were mainly from Bavaria (€3.24M), Baden-Württemberg (€3.12M), North Rhine-Westphalia (€2.33M), Lower Saxony (€844k), and Schleswig-Holstein (€592k), while imports destinations were mainly North Rhine-Westphalia (€643k), Hesse (€549k), Bavaria (€291k), Baden-Württemberg (€285k), and Bremen (€187k).

Growth In August 2024, the decrease in Germany's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Cheese (€-267k or -32.1%), Electronic devices (€-195k or -95.6%), and Medical, surgical equipment, orthopaedic apparatus (€-97k or -41.5%). In August 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 (August 2023 - August 2024)€-1.3M(-7.39%)
IMPORT GROWTH (August 2023 - August 2024)€-571k(-21.6%)
MAIN EXPORTER (August 2024)Bavaria€3.24M

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 2022, Germany exported $176M to Montenegro. The main products exported from Germany to Montenegro were Cars ($24.3M), Pig Meat ($13.5M), and Cheese ($12.8M). During the last 5 years the exports of Germany to Montenegro have increased at an annualized rate of 3.17%, from $151M in 2017 to $176M in 2022.

In 2017, Montenegro exported $37.1M to Germany. The main products exported from Montenegro to Germany were Packaged Medicaments ($7.69M), Stone Processing Machines ($7.59M), and Vehicle Bodies (including cabs) for the motor vehicles (8701 to 8705) ($4.27M). During the last 5 years the exports of Montenegro to Germany have increased at an annualized rate of 12.8%, from $20.3M in 2022 to $37.1M in 2017.

Exports from Germany (Flag) to Montenegro (Flag) (2022)

Exports from Montenegro (Flag) to Germany (Flag) (2022)

Market Competitiveness

Color
Germany
Top DestinationUnited States$153B
Montenegro
Top DestinationSouth Korea$321M

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 2022, countries that imported more from Germany than Montenegro included United States ($153B), France ($120B), and China ($109B).

In 2022, no countries were registered that imported more from Montenegro than from Germany.

Difference in imports from Montenegro (Flag) and Germany (Flag) (2022)

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 2022, Germany had a large net trade with Montenegro in the exports of Transportation ($39.9M), Machines ($29.9M), and Animal Products ($28.1M).

During 2017, Montenegro had a large net trade with Germany in the exports of Machines ($9.58M), Chemical Products ($8.27M), and Transportation ($5.77M).

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) (2022)

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