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Pricing

2023
Flag → Flag
Exports $77.9MRnk 161 / 220
2023
Flag → Flag
Top Product $18.2MCoal Briquettes
2023
Flag → Flag
Exports $15.2MRnk 19 / 130
2023
Flag → Flag
Top Product $8.1MHard Liquor
2023
Flag
Economic Complexity (ECI) ECI 1.5Rnk 10 / 132
2023
Flag  
GDP$27.7TCURRENT US$
Rnk 1 / 195
2013-2023
Flag
GDP GROWTH64.2%CURRENT US$
Rnk 44 / 195
2023
Flag
 GDP$7.53BCURRENT US$
Rnk 154 / 195
2013-2023
Flag
GDP GROWTH68.6%CURRENT US$
Rnk 42 / 195
2023
Flag
GDP PC $82,769CURRENT US$
Rnk 9 / 195
2013-2023
Flag
GDP PC GROWTH55%CURRENT US$
Rnk 40 / 195
2023
Flag
GDP PC$12,221CURRENT US$
Rnk 83 / 196
2013-2023
Flag
GDP PC GROWTH70%CURRENT US$
Rnk 26 / 195

About

United States-Montenegro Trade: In 2023, United States exported $77.9M to Montenegro. The main products that United States exported to Montenegro were Coal Briquettes ($18.2M), Cars ($7.8M), and Packaged Medicaments ($4.71M). Over the past 5 years the exports of United States to Montenegro have increased at an annualized rate of 2.13%, from $70.1M in 2018 to $77.9M in 2023.

In 2023, United States did not export any services to Montenegro.

Montenegro-United States Trade: In 2023, Montenegro exported $15.2M to United States. The main products that Montenegro exported to United States were Hard Liquor ($8.1M), Broadcasting Equipment ($1.48M), and Gas Turbines ($865k). Over the past 5 years the exports of Montenegro to United States have increased at an annualized rate of 45.1%,  from $2.37M in 2018 to $15.2M in 2023.

In 2023, Montenegro did not export any services to United States.

Comparison In 2023,  United States ranked 10 in the Economic Complexity Index (ECI 1.5),  and 2 in total exports ($1.86T). That same year, Montenegro ranked 151 in total exports ($1.53B), and does not have data regarding Economic Complexity Index.

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

Latest Trends

November, 2024

About

Overview In November 2024, United States exported $1.23M and imported $391k from Montenegro, resulting in a positive trade balance of $834k. Between November 2023 and November 2024 the exports of United States have increased by $380k (44.9%) from $846k to $1.23M, while imports decreased by $-2.16M (-84.7%) from $2.55M to $391k.

Trade In November 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 November 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 November 2024 the exports of United States were mainly from South Carolina ($455k), New York ($219k), California ($196k), Washington ($51.5k), and Utah ($46.2k), while imports destinations were mainly New York ($133k), Texas ($113k), Michigan ($49.6k), and Georgia ($41.4k).

Growth In November 2024, the increase in United States's year-by-year exports to Montenegro was explained primarily by an increase in product exports in Cars ($136k or 90%), Commodities not elsewhere specified ($70.8k or 186%), and Medical Instruments ($19.7k or 71.7%). In November 2024, the decrease in United States's year-by-year imports  from Montenegro was explained primarily by an decrease in product imports  in Telephones ($-41.5k or -23.2%).

Latest Trade

Time Scale
Flow
Value
Depth
EXPORT GROWTH (November 2023 - November 2024)$380k(44.9%)
IMPORT GROWTH (November 2023 - November 2024)$-2.16M(-84.7%)
MAIN EXPORTER (November 2024)South Carolina$455k

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
Value

In 2023, United States exported $77.9M to Montenegro. The main products exported from United States to Montenegro were Coal Briquettes ($18.2M), Cars ($7.8M), and Packaged Medicaments ($4.71M). During the last 5 years the exports of United States to Montenegro have increased at an annualized rate of 2.13%, from $70.1M in 2018 to $77.9M in 2023.

In 2018, Montenegro exported $15.2M to United States. The main products exported from Montenegro to United States were Hard Liquor ($8.1M), Broadcasting Equipment ($1.48M), and Gas Turbines ($865k). During the last 5 years the exports of Montenegro to United States have increased at an annualized rate of 45.1%, from $2.37M in 2023 to $15.2M in 2018.

Exports from United States (Flag) to Montenegro (Flag) (2023)

Exports from Montenegro (Flag) to United States (Flag) (2023)

Market Competitiveness

Color
United States
Top DestinationCanada$269B
Montenegro
Top DestinationItaly$576M

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 2023, countries that imported more from United States than Montenegro included Canada ($269B), Mexico ($243B), and China ($154B).

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

Difference in imports from Montenegro (Flag) and United States (Flag) (2023)

Comparative Advantage United States - Montenegro

Flow
Scale

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

During 2023, United States had a large net trade with Montenegro in the exports of Mineral Products ($18.4M), Machines ($15.1M), and Transportation ($10.2M).

During 2018, Montenegro had a large net trade with United States in the exports of Foodstuffs ($8.29M), Machines ($4.29M), and Instruments ($1.06M).

Economic Complexity

Competitive Landscape

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

Product Space of United States (Flag) and Montenegro (Flag) (2023)

Keep Exploring

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