2022
Exports
$19.5MWorld Rnk 122 / 226
Flag Rnk 9 / 95
2022
PRODUCT COMPLEXITY IN Electrical machinery and electronics
1.96Rnk 7 / 1025
2022
Imports
$279MWorld Rnk 143 / 226
Flag Rnk 3 / 96

About

Exports In 2022, Montenegro exported $19.5M in Electrical machinery and electronics, making it the 122nd largest exporter of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 9th most exported product in Montenegro. The main destination of Electrical machinery and electronics exports from Montenegro are: Canada ($4.77M), Serbia ($3.09M), United States ($2.9M), Poland ($1.18M), and North Macedonia ($850k).

The fastest growing export markets for Electrical machinery and electronics of Montenegro between 2021 and 2022 were Ukraine ($632k), France ($255k), and Hong Kong ($231k).

Imports In 2022, Montenegro imported $279M in Electrical machinery and electronics, becoming the 143rd largest importer of Electrical machinery and electronics in the world. At the same year, Electrical machinery and electronics was the 3rd most imported product in Montenegro. Montenegro imports Electrical machinery and electronics primarily from: China ($74.4M), Serbia ($48.8M), Croatia ($23.5M), Hungary ($17.4M), and Vietnam ($14M).

The fastest growing import markets in Electrical machinery and electronics for Montenegro between 2021 and 2022 were China ($19M), Hungary ($6.45M), and Croatia ($4.88M).

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 Electrical machinery and electronics. 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)$19.5M
IMPORTS (2022)$279M
NET TRADE (2022)-$259M

In 2022, Montenegro exported $19.5M in Electrical machinery and electronics. The main destinations of Montenegro exports on Electrical machinery and electronics were Canada ($4.77M), Serbia ($3.09M), United States ($2.9M), Poland ($1.18M), and North Macedonia ($850k).

In 2022, Montenegro imported $279M in Electrical machinery and electronics, mainly from China ($74.4M), Serbia ($48.8M), Croatia ($23.5M), Hungary ($17.4M), and Vietnam ($14M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electrical machinery and electronics EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Ukraine$632k (607k%)
France$255k (130%)
Hong Kong$231k (192%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical machinery and electronics BY Montenegro WERE (2021 - 2022):
Canada-$4.04M (-45.8%)
Germany-$3.33M (-83.3%)
Italy-$550k (-65.5%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Electrical machinery and electronics were:
In 2022, Montenegro's main importing competitors in Electrical machinery and electronics were:

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Trade Value of Electrical machinery and electronics by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

Electrical machinery and electronics’s highest export potential is N/A. With an export gap of N/A.   Electrical machinery and electronics’s highest import potential is N/A with an import gap of N/A.

See methodology.

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