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Montenegro is the 110th largest export economy in the world. In 2016, Montenegro exported $322M and imported $2.25B, resulting in a negative trade balance of $1.93B.

The top exports of Montenegro are Raw Aluminium ($68.6M), Electricity ($40.8M), Aluminium Ore ($18M), Wine ($15.1M) and Sawn Wood ($12.4M), using the 1992 revision of the HS (Harmonized System) classification. Its top imports are Refined Petroleum ($139M), Cars ($86.7M), Packaged Medicaments ($53.5M), Pig Meat ($51.3M) and Electricity ($49.7M).

The top export destinations of Montenegro are Serbia ($90.6M), Hungary ($38.4M), Bosnia and Herzegovina ($29.4M), China ($20.9M) and Italy ($19.2M). The top import origins are Serbia ($723M), Croatia ($155M), Germany ($151M), Italy ($147M) and Bosnia and Herzegovina ($136M).

Montenegro borders Albania, Bosnia and Herzegovina, Croatia, Kosovo and Serbia by land and Italy by sea.

Economic Complexity of Montenegro

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