2023
Exports
$33MWorld Rnk 62 / 199
Flag Rnk 6 / 799
2023
PRODUCT COMPLEXITY IN Hard Liquor
-0.58Rnk 730 / 1025
2023
Imports
$17MWorld Rnk 118 / 226
Flag Rnk 64 / 1123

About

Exports In 2023, Montenegro exported $33M in Hard Liquor, making it the 62nd largest exporter of Hard Liquor in the world. At the same year, Hard Liquor was the 6th most exported product in Montenegro. The main destination of Hard Liquor exports from Montenegro are: Latvia ($13M), United States ($8.1M), Israel ($5.76M), Greece ($574k), and United Arab Emirates ($566k).

The fastest growing export markets for Hard Liquor of Montenegro between 2022 and 2023 were Latvia ($13M), United States ($7.77M), and Israel ($5.76M).

Imports In 2023, Montenegro imported $17M in Hard Liquor, becoming the 118th largest importer of Hard Liquor in the world. At the same year, Hard Liquor was the 64th most imported product in Montenegro. Montenegro imports Hard Liquor primarily from: Serbia ($6.35M), United Kingdom ($2.38M), Italy ($1.34M), France ($1.08M), and Ireland ($870k).

The fastest growing import markets in Hard Liquor for Montenegro between 2022 and 2023 were Serbia ($2.61M), Mexico ($274k), and France ($264k).

Latest Trends

Dec 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 Hard Liquor. 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)$33M
IMPORTS (2023)$17M
NET TRADE (2023)$16M

In 2023, Montenegro exported $33M in Hard Liquor. The main destinations of Montenegro exports on Hard Liquor were Latvia ($13M), United States ($8.1M), Israel ($5.76M), Greece ($574k), and United Arab Emirates ($566k).

In 2023, Montenegro imported $17M in Hard Liquor, mainly from Serbia ($6.35M), United Kingdom ($2.38M), Italy ($1.34M), France ($1.08M), and Ireland ($870k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Hard Liquor EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Latvia$13M (1%)
United States$7.77M (2.34k%)
Israel$5.76M (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Hard Liquor BY Montenegro WERE (2022 - 2023):
Serbia-$588k (-61.7%)
Croatia-$308k (-47%)
China-$12.2k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Montenegro's main exporting competitors in Hard Liquor were:
In 2023, Montenegro's main importing competitors in Hard Liquor were:

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Trade Value of Hard Liquor by Exporters

Potential Exports

Potential Exports

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

See methodology.

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