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Exports In 2023, Montenegro exported $14.2k in Industrial Furnaces, making it the 114th largest exporter of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 442nd most exported product in Montenegro. The main destination of Industrial Furnaces exports from Montenegro are: Serbia ($13.9k) and Netherlands ($267).

The fastest growing export markets for Industrial Furnaces of Montenegro between 2022 and 2023 were Serbia ($3.26k) and Netherlands ($267).

Imports In 2023, Montenegro imported $526k in Industrial Furnaces, becoming the 158th largest importer of Industrial Furnaces in the world. At the same year, Industrial Furnaces was the 520th most imported product in Montenegro. Montenegro imports Industrial Furnaces primarily from: Bosnia and Herzegovina ($215k), Italy ($113k), Spain ($76.3k), Serbia ($49.1k), and Germany ($22.1k).

The fastest growing import markets in Industrial Furnaces for Montenegro between 2022 and 2023 were Bosnia and Herzegovina ($142k), Spain ($57.8k), and Italy ($11.1k).

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 Industrial 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 (2023)$14.2k
IMPORTS (2023)$526k
NET TRADE (2023)-$512k

In 2023, Montenegro exported $14.2k in Industrial Furnaces. The main destinations of Montenegro exports on Industrial Furnaces were Serbia ($13.9k) and Netherlands ($267).

In 2023, Montenegro imported $526k in Industrial Furnaces, mainly from Bosnia and Herzegovina ($215k), Italy ($113k), Spain ($76.3k), Serbia ($49.1k), and Germany ($22.1k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Industrial Furnaces EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Serbia$3.26k (30.5%)
Netherlands$267 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Industrial Furnaces BY Montenegro WERE (2022 - 2023):
Italy-$5.27k (-100%)
Bosnia and Herzegovina-$3.53k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Type
In 2023, Montenegro's main exporting competitors in Industrial Furnaces were:
In 2023, Montenegro's main importing competitors in Industrial Furnaces were:

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Trade Value of Industrial Furnaces by Exporters

Potential Exports

Potential Exports

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

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