2022
Exports
$294MWorld Rnk 120 / 216
Flag Rnk 2 / 95
2022
PRODUCT COMPLEXITY IN Mineral fuels, mineral oils and products of their distillation
0.48Rnk 371 / 1025
2022
Imports
$1.06BWorld Rnk 122 / 225
Flag Rnk 1 / 96

About

Exports In 2022, Montenegro exported $294M in Mineral fuels, mineral oils and products of their distillation, making it the 120th largest exporter of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 2nd most exported product in Montenegro. The main destination of Mineral fuels, mineral oils and products of their distillation exports from Montenegro are: Italy ($82.5M), Bosnia and Herzegovina ($69.5M), Serbia ($42.5M), Slovenia ($42.1M), and Switzerland ($25.9M).

The fastest growing export markets for Mineral fuels, mineral oils and products of their distillation of Montenegro between 2021 and 2022 were Italy ($82.5M), Bosnia and Herzegovina ($52.8M), and Slovenia ($28M).

Imports In 2022, Montenegro imported $1.06B in Mineral fuels, mineral oils and products of their distillation, becoming the 122nd largest importer of Mineral fuels, mineral oils and products of their distillation in the world. At the same year, Mineral fuels, mineral oils and products of their distillation was the 1st most imported product in Montenegro. Montenegro imports Mineral fuels, mineral oils and products of their distillation primarily from: Greece ($280M), Italy ($181M), Serbia ($162M), Croatia ($119M), and Bosnia and Herzegovina ($104M).

The fastest growing import markets in Mineral fuels, mineral oils and products of their distillation for Montenegro between 2021 and 2022 were Italy ($179M), Greece ($147M), and Serbia ($110M).

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 Mineral fuels, mineral oils and products of their distillation. 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)$294M
IMPORTS (2022)$1.06B
NET TRADE (2022)-$763M

In 2022, Montenegro exported $294M in Mineral fuels, mineral oils and products of their distillation. The main destinations of Montenegro exports on Mineral fuels, mineral oils and products of their distillation were Italy ($82.5M), Bosnia and Herzegovina ($69.5M), Serbia ($42.5M), Slovenia ($42.1M), and Switzerland ($25.9M).

In 2022, Montenegro imported $1.06B in Mineral fuels, mineral oils and products of their distillation, mainly from Greece ($280M), Italy ($181M), Serbia ($162M), Croatia ($119M), and Bosnia and Herzegovina ($104M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Mineral fuels, mineral oils and products of their distillation EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Italy$82.5M (22.3M%)
Slovenia$28M (199%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Mineral fuels, mineral oils and products of their distillation BY Montenegro WERE (2021 - 2022):
Slovakia-$59.3k (-100%)
North Macedonia-$21.7k (-100%)
United Kingdom-$187 (-86.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Montenegro's main exporting competitors in Mineral fuels, mineral oils and products of their distillation were:
In 2022, Montenegro's main importing competitors in Mineral fuels, mineral oils and products of their distillation were:

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Trade Value of Mineral fuels, mineral oils and products of their distillation by Exporters

Potential Exports

Potential Exports

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N/A
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N/AN/A

Mineral fuels, mineral oils and products of their distillation’s highest export potential is N/A. With an export gap of N/A.   Mineral fuels, mineral oils and products of their distillation’s highest import potential is N/A with an import gap of N/A.

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