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Exports In 2023, Montenegro exported $190M in Raw Aluminium, making it the 49th largest exporter of Raw Aluminium in the world. At the same year, Raw Aluminium was the 2nd most exported product in Montenegro. The main destination of Raw Aluminium exports from Montenegro are: Spain ($86M), Hong Kong ($30.9M), Luxembourg ($25.2M), Greece ($9.65M), and Switzerland ($8.66M).

The fastest growing export markets for Raw Aluminium of Montenegro between 2022 and 2023 were Spain ($58.2M), Hong Kong ($9.15M), and Serbia ($1.9M).

Imports In 2023, Montenegro imported $126M in Raw Aluminium, becoming the 46th largest importer of Raw Aluminium in the world. At the same year, Raw Aluminium was the 5th most imported product in Montenegro. Montenegro imports Raw Aluminium primarily from: United Arab Emirates ($52.5M), Malaysia ($37.2M), Australia ($15.6M), India ($5.82M), and Russia ($4.83M).

The fastest growing import markets in Raw Aluminium for Montenegro between 2022 and 2023 were United Arab Emirates ($52.5M), Malaysia ($35M), and Australia ($15.6M).

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 Raw Aluminium. 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

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EXPORTS (2023)$190M
IMPORTS (2023)$126M
NET TRADE (2023)$63.6M

In 2023, Montenegro exported $190M in Raw Aluminium. The main destinations of Montenegro exports on Raw Aluminium were Spain ($86M), Hong Kong ($30.9M), Luxembourg ($25.2M), Greece ($9.65M), and Switzerland ($8.66M).

In 2023, Montenegro imported $126M in Raw Aluminium, mainly from United Arab Emirates ($52.5M), Malaysia ($37.2M), Australia ($15.6M), India ($5.82M), and Russia ($4.83M).

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Export Destinations (2023)

Import Origins (2023)

Market Growth

Flow
THE FASTEST GROWING Raw Aluminium EXPORT MARKETS FOR Montenegro WERE (2022 - 2023):
Spain$58.2M (210%)
Hong Kong$9.15M (42.1%)
Serbia$1.9M (250%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Raw Aluminium BY Montenegro WERE (2022 - 2023):
Switzerland-$77.9M (-90%)
Italy-$20.9M (-75.1%)
Luxembourg-$11.7M (-31.7%)

Change in Exports by Market (2022 - 2023)

Market Concentration

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In 2023, Montenegro's main exporting competitors in Raw Aluminium were:
In 2023, Montenegro's main importing competitors in Raw Aluminium were:

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Trade Value of Raw Aluminium by Exporters

Potential Exports

Potential Exports

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

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