2023
Exports
$1.63MWorld Rnk 112 / 223
Flag Rnk 58 / 799
2023
PRODUCT COMPLEXITY IN Electrical Transformers
0.68Rnk 293 / 1025
2023
Imports
$13.7MWorld Rnk 152 / 225
Flag Rnk 74 / 1123

About

Exports In 2023, Montenegro exported $1.63M in Electrical Transformers, making it the 112th largest exporter of Electrical Transformers in the world. At the same year, Electrical Transformers was the 58th most exported product in Montenegro. The main destination of Electrical Transformers exports from Montenegro are: North Macedonia ($948k), Turkey ($414k), Poland ($82.9k), Serbia ($74.1k), and Bosnia and Herzegovina ($44.3k).

The fastest growing export markets for Electrical Transformers of Montenegro between 2022 and 2023 were Turkey ($414k), North Macedonia ($197k), and Poland ($79k).

Imports In 2018, Montenegro imported $13.7M in Electrical Transformers, becoming the 152nd largest importer of Electrical Transformers in the world. At the same year, Electrical Transformers was the 74th most imported product in Montenegro. Montenegro imports Electrical Transformers primarily from: China ($4.51M), Serbia ($3.35M), Turkey ($1.5M), North Macedonia ($1.16M), and Italy ($396k).

The fastest growing import markets in Electrical Transformers for Montenegro between 2022 and 2023 were Turkey ($1.21M), Serbia ($908k), and North Macedonia ($329k).

Latest Trends

Jan 2025

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 Transformers. 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 (2023)$1.63M
IMPORTS (2023)$13.7M
NET TRADE (2023)-$12.1M

In 2023, Montenegro exported $1.63M in Electrical Transformers. The main destinations of Montenegro exports on Electrical Transformers were North Macedonia ($948k), Turkey ($414k), Poland ($82.9k), Serbia ($74.1k), and Bosnia and Herzegovina ($44.3k).

In 2023, Montenegro imported $13.7M in Electrical Transformers, mainly from China ($4.51M), Serbia ($3.35M), Turkey ($1.5M), North Macedonia ($1.16M), and Italy ($396k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Electrical Transformers EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Turkey$414k (3.76M%)
North Macedonia$197k (26.3%)
Poland$79k (2.03k%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electrical Transformers BY Montenegro WERE (2022 - 2023):
Canada-$144k (-98.7%)
Netherlands-$43.9k (-82.3%)
United States-$31.1k (-79%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Montenegro's main exporting competitors in Electrical Transformers were:
China $51.9B
Germany $12.8B
Mexico $6.34B
In 2023, Montenegro's main importing competitors in Electrical Transformers were:

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Trade Value of Electrical Transformers by Exporters

Potential Exports

Potential Exports

Flow
View
N/A
N/AN/A
N/AN/A

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

See methodology.

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