United States (USA) and Montenegro (MNE) Trade | The Observatory of Economic Complexity

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Pricing

United States (USA) and Montenegro (MNE) Trade

2022

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Exports $58.6MRnk 174 / 219

2022

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About

United States-Montenegro In 2022, United States exported $58.6M to Montenegro. The main products that United States exported to Montenegro are Coal Briquettes ($9.58M), Cars ($4.89M), and Special purpose motor vehicles ($4.07M). During the last 16 years the exports of United States to Montenegro have increased at an annualized rate of 3.45%, from $34.1M in 2006 to $58.6M in 2022.

In 2022, United States did not export any services to Montenegro.

Montenegro-United States In 2022, Montenegro exported $6.63M to United States. The main products that Montenegro exported to United States were Broadcasting Equipment ($1.51M), Aircraft Parts ($505k), and Telephones ($503k). During the last 16 years the exports of Montenegro to United States have increased at an annualized rate of 16.1%, from $609k in 2006 to $6.63M in 2022.

In 2022, Montenegro did not export any services to United States.

Comparison In 2022, United States ranked 10 in the Economic Complexity Index (ECI 1.41), and 2 in total exports ($1.95T). That same year, Montenegro ranked 154 in total exports ($1.32B), and does not have data regarding Economic Complexity Index.

COMPANIES In 2023, leading companies such as were at the forefront of exporting goods from Montenegro to the United States. Conversely, were notable for importing Montenegro products to the United States.

Latest Trends

January, 2024

About

Overview In January 2024, United States exported $819k and imported $2.61M from Montenegro, resulting in a negative trade balance of $1.79M. Between January 2023 and January 2024 the exports of United States have decreased by $-471k (-36.5%) from $1.29M to $819k, while imports increased by $2.21M (553%) from $399k to $2.61M.

Trade In January 2024, the top exports of United States to Montenegro were Cars ($288k), Vinyl Chloride Polymers ($137k), Frozen Fruits and Nuts ($126k), Commodities not elsewhere specified ($109k), and Recreational Boats ($100k). In January 2024 the top imports of United States from Montenegro were Telephones ($137k), Valves ($128k), Commodities not elsewhere specified ($28.8k), Engine Parts ($28.2k), and Machinery Having Individual Functions ($19.5k).

Origins In January 2024 the exports of United States were mainly from Texas ($247k), New York ($234k), Florida ($76.8k), Illinois ($62.6k), and Arizona ($34.3k), while imports destinations were mainly Kansas ($1.83M), New York ($468k), Michigan ($129k), and Texas ($128k).

Growth In January 2024, the decrease in United States's year-by-year exports to Montenegro was explained primarily by an decrease in product exports in Motor vehicles; parts and accessories (8701... ($-8.71k or -24.9%) and Other Edible Preparations ($-8.02k or -70%). In January 2024, the increase in United States's year-by-year imports from Montenegro was explained primarily by an increase in product imports in Commodities not elsewhere specified ($17.3k or 150%), Engine Parts ($14k or 99.5%), and Plastic Lids ($4.86k or 1.27k%).

Latest Trade

Flow

Exports

Imports

Time Scale

Year

Quarter

Month

Depth

HS2

HS4

HS6

Value

Trade Value

Growth

Growth (%)

EXPORT GROWTH (January 2023 - January 2024)$-471k(-36.5%)

IMPORT GROWTH (January 2023 - January 2024)$2.21M(553%)

MAIN EXPORTER (January 2024)Texas$247k

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

To check Montenegro and United States trade dynamics, check the bilateral page.

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Historical Data

Bilateral Trade by Products

Depth

HS2

HS4

HS6

Value

Trade

Growth

Growth (%)

Year

In 2022, United States exported $58.6M to Montenegro. The main products exported from United States to Montenegro were Coal Briquettes ($9.58M), Cars ($4.89M), and Special purpose motor vehicles ($4.07M). During the last 16 years the exports of United States to Montenegro have increased at an annualized rate of 3.45%, from $34.1M in 2006 to $58.6M in 2022.

In 2022, Montenegro exported $6.63M to United States. The main products exported from Montenegro to United States were Broadcasting Equipment ($1.51M), Aircraft Parts ($505k), and Telephones ($503k). During the last 16 years the exports of Montenegro to United States have increased at an annualized rate of 16.1%, from $609k in 2006 to $6.63M in 2022.

Exports from United States () to Montenegro () (2022)

Exports from Montenegro () to United States () (2022)

Market Competitiveness

Color

Exports

Export Growth

Section

Year

United States
Top DestinationCanada$308B

Montenegro
Top DestinationSouth Korea$321M

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

In 2021, countries that imported more from United States than Montenegro were Canada ($308B), Mexico ($294B), and China ($151B).

In 2021, countries that imported more from Montenegro than United States were San Marino ($2.1M) and Northern Mariana Islands ($105).

Difference in imports from Montenegro () and United States () (2022)

Comparative Advantage United States - Montenegro

Flow

Section

HS2

HS4

Scale

Log

Linear

Year

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

During 2022, United States had a large net trade with Montenegro in the exports of Transportation ($14.5M), Mineral Products ($12.9M), and Machines ($9.86M).

During 2022, Montenegro had a large net trade with United States in the exports of Machines ($3.69M), Foodstuffs ($635k), and Transportation ($536k).

Economic Complexity

Competitive Landscape

Year

This visualization show the product space at the HS4 level colored from blue to yellow. This mean that the more blue a dot/product is, the more United States has comparative advantage over Montenegro. Similarly, the more yellow a dot/product is, the more Montenegro has comparative advantage over United States.

Product Space of United States () and Montenegro () (2022)

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