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Exports In 2022, Montenegro exported $37.4M in Wood Products, making it the 103rd largest exporter of Wood Products in the world. At the same year, Wood Products was the 5th most exported product in Montenegro. The main destination of Wood Products exports from Montenegro are: Serbia ($10.1M), Albania ($6.86M), Germany ($5.22M), North Macedonia ($4.93M), and Italy ($3.89M).

The fastest growing export markets for Wood Products of Montenegro between 2021 and 2022 were Serbia ($4.62M), North Macedonia ($2.6M), and Croatia ($1.03M).

Imports In 2022, Montenegro imported $72M in Wood Products, becoming the 103rd largest importer of Wood Products in the world. At the same year, Wood Products was the 14th most imported product in Montenegro. Montenegro imports Wood Products primarily from: Turkey ($27.7M), Serbia ($20.3M), Bosnia and Herzegovina ($3.88M), Austria ($2.99M), and Slovenia ($2.29M).

The fastest growing import markets in Wood Products for Montenegro between 2021 and 2022 were Turkey ($8.15M), Serbia ($2.12M), and Bosnia and Herzegovina ($1.27M).

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 Wood Products. 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)$37.4M
IMPORTS (2022)$72M
NET TRADE (2022)-$34.5M

In 2022, Montenegro exported $37.4M in Wood Products. The main destinations of Montenegro exports on Wood Products were Serbia ($10.1M), Albania ($6.86M), Germany ($5.22M), North Macedonia ($4.93M), and Italy ($3.89M).

In 2022, Montenegro imported $72M in Wood Products, mainly from Turkey ($27.7M), Serbia ($20.3M), Bosnia and Herzegovina ($3.88M), Austria ($2.99M), and Slovenia ($2.29M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Wood Products EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Serbia$4.62M (84.2%)
North Macedonia$2.6M (112%)
Croatia$1.03M (271%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Wood Products BY Montenegro WERE (2021 - 2022):
Albania-$844k (-11%)
Bosnia and Herzegovina-$548k (-79.4%)
Lebanon-$230k (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Wood Products were:
China $20.4B
Canada $20.1B
In 2022, Montenegro's main importing competitors in Wood Products were:

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Trade Value of Wood Products by Exporters

Potential Exports

Potential Exports

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

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