2022
Exports
$7.83MWorld Rnk 122 / 226
Flag Rnk 16 / 95
2022
PRODUCT COMPLEXITY IN Iron or steel articles
1.68Rnk 27 / 1025
2022
Imports
$93.9MWorld Rnk 151 / 225
Flag Rnk 11 / 96

About

Exports In 2022, Montenegro exported $7.83M in Iron or steel articles, making it the 122nd largest exporter of Iron or steel articles in the world. At the same year, Iron or steel articles was the 16th most exported product in Montenegro. The main destination of Iron or steel articles exports from Montenegro are: Serbia ($1.9M), Bosnia and Herzegovina ($1.34M), France ($1.2M), Germany ($939k), and Italy ($491k).

The fastest growing export markets for Iron or steel articles of Montenegro between 2021 and 2022 were France ($1.2M), Germany ($612k), and Bosnia and Herzegovina ($612k).

Imports In 2022, Montenegro imported $93.9M in Iron or steel articles, becoming the 151st largest importer of Iron or steel articles in the world. At the same year, Iron or steel articles was the 11th most imported product in Montenegro. Montenegro imports Iron or steel articles primarily from: Serbia ($30.5M), Bosnia and Herzegovina ($20.3M), China ($9.59M), Turkey ($6.76M), and Italy ($5.17M).

The fastest growing import markets in Iron or steel articles for Montenegro between 2021 and 2022 were Albania ($863k), Ukraine ($234k), and Chinese Taipei ($152k).

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 Iron or steel articles. 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)$7.83M
IMPORTS (2022)$93.9M
NET TRADE (2022)-$86M

In 2022, Montenegro exported $7.83M in Iron or steel articles. The main destinations of Montenegro exports on Iron or steel articles were Serbia ($1.9M), Bosnia and Herzegovina ($1.34M), France ($1.2M), Germany ($939k), and Italy ($491k).

In 2022, Montenegro imported $93.9M in Iron or steel articles, mainly from Serbia ($30.5M), Bosnia and Herzegovina ($20.3M), China ($9.59M), Turkey ($6.76M), and Italy ($5.17M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Iron or steel articles EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
France$1.2M (44.2k%)
Germany$612k (188%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Iron or steel articles BY Montenegro WERE (2021 - 2022):
Serbia-$390k (-17%)
Croatia-$299k (-89.7%)
United States-$139k (-85.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Iron or steel articles were:
China $109B
Germany $33.5B
Italy $22.2B
In 2022, Montenegro's main importing competitors in Iron or steel articles were:

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Trade Value of Iron or steel articles by Exporters

Potential Exports

Potential Exports

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Iron or steel articles’s highest export potential is N/A. With an export gap of N/A.   Iron or steel articles’s highest import potential is N/A with an import gap of N/A.

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