2023
Exports
$360kWorld Rnk 108 / 184
Flag Rnk 139 / 799
2023
PRODUCT COMPLEXITY IN Lifting Machinery
1.09Rnk 149 / 1025
2023
Imports
$18.1MWorld Rnk 114 / 222
Flag Rnk 62 / 1123

About

Exports In 2023, Montenegro exported $360k in Lifting Machinery, making it the 108th largest exporter of Lifting Machinery in the world. At the same year, Lifting Machinery was the 139th most exported product in Montenegro. The main destination of Lifting Machinery exports from Montenegro are: Serbia ($159k), Canada ($107k), Denmark ($82.6k), Italy ($5.41k), and Croatia ($5.31k).

The fastest growing export markets for Lifting Machinery of Montenegro between 2022 and 2023 were Serbia ($149k), Canada ($107k), and Denmark ($82.6k).

Imports In 2023, Montenegro imported $18.1M in Lifting Machinery, becoming the 114th largest importer of Lifting Machinery in the world. At the same year, Lifting Machinery was the 62nd most imported product in Montenegro. Montenegro imports Lifting Machinery primarily from: Italy ($8.58M), Serbia ($2.4M), Spain ($1.75M), Finland ($1.02M), and Turkey ($751k).

The fastest growing import markets in Lifting Machinery for Montenegro between 2022 and 2023 were Italy ($4.82M), Spain ($445k), and Germany ($375k).

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 Lifting Machinery. 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)$360k
IMPORTS (2023)$18.1M
NET TRADE (2023)-$17.7M

In 2023, Montenegro exported $360k in Lifting Machinery. The main destinations of Montenegro exports on Lifting Machinery were Serbia ($159k), Canada ($107k), Denmark ($82.6k), Italy ($5.41k), and Croatia ($5.31k).

In 2023, Montenegro imported $18.1M in Lifting Machinery, mainly from Italy ($8.58M), Serbia ($2.4M), Spain ($1.75M), Finland ($1.02M), and Turkey ($751k).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Lifting Machinery EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Serbia$149k (1.46k%)
Canada$107k (1%)
Denmark$82.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Lifting Machinery BY Montenegro WERE (2022 - 2023):
Italy-$1.31M (-99.6%)
Slovenia-$28.5k (-100%)
Bosnia and Herzegovina-$11.2k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Montenegro's main exporting competitors in Lifting Machinery were:
China $7.77B
Italy $2.7B
In 2023, Montenegro's main importing competitors in Lifting Machinery were:

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Trade Value of Lifting Machinery by Exporters

Potential Exports

Potential Exports

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

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