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Exports In 2023, Montenegro exported $54.3M in Packaged Medicaments, making it the 81st largest exporter of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 5th most exported product in Montenegro. The main destination of Packaged Medicaments exports from Montenegro are: Serbia ($36.9M), Germany ($13.3M), Bosnia and Herzegovina ($1.35M), Kazakhstan ($937k), and France ($317k).

The fastest growing export markets for Packaged Medicaments of Montenegro between 2022 and 2023 were Serbia ($10.1M), Germany ($5.63M), and France ($317k).

Imports In 2023, Montenegro imported $151M in Packaged Medicaments, becoming the 123rd largest importer of Packaged Medicaments in the world. At the same year, Packaged Medicaments was the 4th most imported product in Montenegro. Montenegro imports Packaged Medicaments primarily from: Serbia ($30.3M), Germany ($21.8M), Switzerland ($17.6M), France ($11.9M), and United Kingdom ($10.5M).

The fastest growing import markets in Packaged Medicaments for Montenegro between 2022 and 2023 were Switzerland ($7.39M), Serbia ($4.44M), and United Kingdom ($4.38M).

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 Packaged Medicaments. 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)$54.3M
IMPORTS (2023)$151M
NET TRADE (2023)-$97.2M

In 2023, Montenegro exported $54.3M in Packaged Medicaments. The main destinations of Montenegro exports on Packaged Medicaments were Serbia ($36.9M), Germany ($13.3M), Bosnia and Herzegovina ($1.35M), Kazakhstan ($937k), and France ($317k).

In 2023, Montenegro imported $151M in Packaged Medicaments, mainly from Serbia ($30.3M), Germany ($21.8M), Switzerland ($17.6M), France ($11.9M), and United Kingdom ($10.5M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Packaged Medicaments EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Serbia$10.1M (37.5%)
Germany$5.63M (73.2%)
France$317k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Packaged Medicaments BY Montenegro WERE (2022 - 2023):
Mongolia-$156k (-100%)
North Macedonia-$133k (-34.1%)
United Arab Emirates-$50.5k (-100%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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Flow
Type
In 2023, Montenegro's main exporting competitors in Packaged Medicaments were:
In 2023, Montenegro's main importing competitors in Packaged Medicaments were:

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Trade Value of Packaged Medicaments by Exporters

Potential Exports

Potential Exports

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

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