2022
Exports
$19MWorld Rnk 135 / 214
Flag Rnk 7 / 849
2022
PRODUCT COMPLEXITY IN Refined Petroleum
-0.87Rnk 795 / 1025
2022
Imports
$419MWorld Rnk 140 / 225
Flag Rnk 2 / 1117

About

Exports In 2022, Montenegro exported $19M in Refined Petroleum, making it the 135th largest exporter of Refined Petroleum in the world. At the same year, Refined Petroleum was the 7th most exported product in Montenegro. The main destination of Refined Petroleum exports from Montenegro are: Slovenia ($18.7M), Albania ($99.5k), Ukraine ($84k), Bosnia and Herzegovina ($71.1k), and Bulgaria ($26.9k).

The fastest growing export markets for Refined Petroleum of Montenegro between 2021 and 2022 were Slovenia ($14.2M), Albania ($86.8k), and Ukraine ($84k).

Imports In 2022, Montenegro imported $419M in Refined Petroleum, becoming the 140th largest importer of Refined Petroleum in the world. At the same year, Refined Petroleum was the 2nd most imported product in Montenegro. Montenegro imports Refined Petroleum primarily from: Greece ($279M), Croatia ($111M), Serbia ($12M), Turkey ($2.24M), and Albania ($1.88M).

The fastest growing import markets in Refined Petroleum for Montenegro between 2021 and 2022 were Greece ($147M), Croatia ($38.8M), and Bosnia and Herzegovina ($1.33M).

Latest Trends

Sep 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 Refined Petroleum. 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)$19M
IMPORTS (2022)$419M
NET TRADE (2022)-$400M

In 2022, Montenegro exported $19M in Refined Petroleum. The main destinations of Montenegro exports on Refined Petroleum were Slovenia ($18.7M), Albania ($99.5k), Ukraine ($84k), Bosnia and Herzegovina ($71.1k), and Bulgaria ($26.9k).

In 2022, Montenegro imported $419M in Refined Petroleum, mainly from Greece ($279M), Croatia ($111M), Serbia ($12M), Turkey ($2.24M), and Albania ($1.88M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Refined Petroleum EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Slovenia$14.2M (310%)
Albania$86.8k (683%)
Ukraine$84k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Refined Petroleum BY Montenegro WERE (2021 - 2022):
North Macedonia-$21.7k (-100%)
Switzerland-$510 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Refined Petroleum were:
In 2022, Montenegro's main importing competitors in Refined Petroleum were:

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Trade Value of Refined Petroleum by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

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

See methodology.

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