Serbia / Montenegro

Serbia-Montenegro Trade: In 2022, Serbia exported $1.15B to Montenegro. The main products that Serbia exported to Montenegro were Electricity ($145M), Packaged Medicaments ($39M), and Cars ($32.2M). Over the past 5 years the exports of Serbia to Montenegro have increased at an annualized rate of 7.5%, from $803M in 2017 to $1.15B in 2022.

In 2009, Serbia exported services to Montenegro worth $156M, with Other business services ($42.8M), Construction services ($30.9M), and Travel ($19.1M) being the largest in terms of value.

Montenegro-Serbia Trade: In 2022, Montenegro exported $159M to Serbia. The main products that Montenegro exported to Serbia were Packaged Medicaments ($33.7M), Electricity ($29.9M), and Preserved Meat ($14.2M). Over the past 5 years the exports of Montenegro to Serbia have increased at an annualized rate of 14%,  from $82.6M in 2017 to $159M in 2022.

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

Comparison In 2022,  Serbia ranked 36 in the Economic Complexity Index (ECI 0.75),  and 70 in total exports ($30.3B). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.