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Exports In 2023, Montenegro exported $214k in Insulated Wire, making it the 144th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 182nd most exported product in Montenegro. The main destination of Insulated Wire exports from Montenegro are: Slovakia ($65.6k), United States ($22.6k), Serbia ($21.9k), Ireland ($17.8k), and Nigeria ($13.7k).

The fastest growing export markets for Insulated Wire of Montenegro between 2022 and 2023 were Slovakia ($65.6k), Ireland ($17.6k), and Nigeria ($13.7k).

Imports In 2023, Montenegro imported $27.6M in Insulated Wire, becoming the 145th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 30th most imported product in Montenegro. Montenegro imports Insulated Wire primarily from: Serbia ($9.52M), China ($3.92M), Bosnia and Herzegovina ($2.92M), Turkey ($2.57M), and Croatia ($2.55M).

The fastest growing import markets in Insulated Wire for Montenegro between 2022 and 2023 were China ($1.89M), Serbia ($1.59M), and United States ($891k).

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 Insulated Wire. 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)$214k
IMPORTS (2023)$27.6M
NET TRADE (2023)-$27.4M

In 2023, Montenegro exported $214k in Insulated Wire. The main destinations of Montenegro exports on Insulated Wire were Slovakia ($65.6k), United States ($22.6k), Serbia ($21.9k), Ireland ($17.8k), and Nigeria ($13.7k).

In 2023, Montenegro imported $27.6M in Insulated Wire, mainly from Serbia ($9.52M), China ($3.92M), Bosnia and Herzegovina ($2.92M), Turkey ($2.57M), and Croatia ($2.55M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Slovakia$65.6k (1%)
Ireland$17.6k (9.96k%)
Nigeria$13.7k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Montenegro WERE (2022 - 2023):
Poland-$72.3k (-97.5%)
Turkey-$46.2k (-99.9%)
United Kingdom-$41.6k (-77.2%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Montenegro's main exporting competitors in Insulated Wire were:
In 2023, Montenegro's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

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

See methodology.

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