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Exports In 2022, Montenegro exported $140k in Electric Furnaces, making it the 93rd largest exporter of Electric Furnaces in the world. At the same year, Electric Furnaces was the 213th most exported product in Montenegro. The main destination of Electric Furnaces exports from Montenegro are: Bosnia and Herzegovina ($128k) and Serbia ($12.1k).

The fastest growing export markets for Electric Furnaces of Montenegro between 2021 and 2022 were Bosnia and Herzegovina ($128k).

Imports In 2022, Montenegro imported $1M in Electric Furnaces, becoming the 130th largest importer of Electric Furnaces in the world. At the same year, Electric Furnaces was the 396th most imported product in Montenegro. Montenegro imports Electric Furnaces primarily from: Italy ($453k), Serbia ($223k), Slovenia ($108k), Croatia ($47.9k), and France ($38.4k).

The fastest growing import markets in Electric Furnaces for Montenegro between 2021 and 2022 were Italy ($238k), Slovenia ($92.6k), and Serbia ($76.5k).

Latest Trends

Jul 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 Electric Furnaces. 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)$140k
IMPORTS (2022)$1M
NET TRADE (2022)-$862k

In 2022, Montenegro exported $140k in Electric Furnaces. The main destinations of Montenegro exports on Electric Furnaces were Bosnia and Herzegovina ($128k) and Serbia ($12.1k).

In 2022, Montenegro imported $1M in Electric Furnaces, mainly from Italy ($453k), Serbia ($223k), Slovenia ($108k), Croatia ($47.9k), and France ($38.4k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electric Furnaces EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):Bosnia and Herzegovina$128k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electric Furnaces BY Montenegro WERE (2021 - 2022):
Turkey-$218k (-100%)
North Macedonia-$4.11k (-100%)
Croatia-$2.36k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Electric Furnaces were:
China $1.22B
Italy $722M
In 2022, Montenegro's main importing competitors in Electric Furnaces were:

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Trade Value of Electric Furnaces by Exporters

Potential Exports

Potential Exports

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

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