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Exports In 2022, Montenegro exported $2.69M in Chocolate, making it the 95th largest exporter of Chocolate in the world. At the same year, Chocolate was the 36th most exported product in Montenegro. The main destination of Chocolate exports from Montenegro are: Serbia ($1.22M), Bosnia and Herzegovina ($342k), Germany ($289k), Croatia ($281k), and Ecuador ($214k).

The fastest growing export markets for Chocolate of Montenegro between 2021 and 2022 were Ecuador ($151k), Bosnia and Herzegovina ($138k), and Germany ($105k).

Imports In 2022, Montenegro imported $29.5M in Chocolate, becoming the 93rd largest importer of Chocolate in the world. At the same year, Chocolate was the 21st most imported product in Montenegro. Montenegro imports Chocolate primarily from: Serbia ($8.82M), Croatia ($8.67M), Bosnia and Herzegovina ($2.13M), Germany ($2.08M), and Poland ($1.84M).

The fastest growing import markets in Chocolate for Montenegro between 2021 and 2022 were Poland ($441k), Netherlands ($435k), and Bosnia and Herzegovina ($327k).

Latest Trends

Aug 2024

Subnational Monthly Trade

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Flow
Y-AXIS SCALE

For a full breakdown of trade patterns, visit the trend explorer or the product in country profile.

The following visualization shows the latest trends on Chocolate. Countries are shown based on data availability.

* Using January 2020 exchange rates when trade data is reported in local currency.

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Historical Data

Trade Balance

Color
EXPORTS (2022)$2.69M
IMPORTS (2022)$29.5M
NET TRADE (2022)-$26.8M

In 2022, Montenegro exported $2.69M in Chocolate. The main destinations of Montenegro exports on Chocolate were Serbia ($1.22M), Bosnia and Herzegovina ($342k), Germany ($289k), Croatia ($281k), and Ecuador ($214k).

In 2022, Montenegro imported $29.5M in Chocolate, mainly from Serbia ($8.82M), Croatia ($8.67M), Bosnia and Herzegovina ($2.13M), Germany ($2.08M), and Poland ($1.84M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Chocolate EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Ecuador$151k (241%)
Germany$105k (56.7%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Chocolate BY Montenegro WERE (2021 - 2022):
Serbia-$278k (-18.6%)
Russia-$145k (-100%)
North Macedonia-$44.9k (-31.1%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Chocolate were:
Germany $5.61B
Belgium $3.01B
Italy $2.46B
In 2022, Montenegro's main importing competitors in Chocolate were:

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Trade Value of Chocolate by Exporters

Potential Exports

Potential Exports

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Chocolate’s highest export potential is N/A. With an export gap of N/A.   Chocolate’s highest import potential is N/A with an import gap of N/A.

See methodology.

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