Montenegro

Montenegro
GDP (million current US$, 2018) 5 402 Rank in world trade, 2018 Exports Imports
GDP per capita (US$, 2016-2018) 7 820 Merchandise 166 140
Current account balance (% GDP, 2018) -18.5 excluding intra-EU trade 139 113
Trade per capita (US$, 2016-2018) 4 192 Commercial services 111 153
Trade (% GDP, 2016-2018) 53.6 excluding intra-EU trade 84 126

MERCHANDISE TRADE
Value Annual percentage change
Million US$ 2018 2010-2018 2017 2018
Merchandise exports, f.o.b. 472 1 17 12
Merchandise imports, c.i.f. 3 010 4 14 15
2018 2018
Share in world total exports (%) 0.00 Share in world total imports (%) 0.02
Breakdown in economy's total exports Breakdown in economy's total imports
By main commodity group, % (2017) By main commodity group, % (2017)

Agricultural products: 21.2 Fuels and mining products: 50.3 Agricultural products: 23.2 Fuels and mining products: 13.1
Manufactures: 28.5 Other: 0 Manufactures: 63.6 Other: 0.1

By main destination, % (2018) By main origin, % (2018)

European Union (28): 44 Serbia: 23.6 European Union (28): 48.2 Serbia: 19.3
Bosnia and Herzegovina: 7.8 China: 3.6 China: 10.1 Bosnia and Herzegovina: 6.1
Albania: 3.3 Other: 17.7 Turkey: 3.4 Other: 12.9

Agricultural Products
Value Value
Top exported products (Million US$) 2018 . Top imported products (Million US$) 2018
HS2204 Wine of fresh grapes 16 HS0203 Swine meat, fresh, chilled, frozen 59
HS0210 Meat and edible meat offal, salted 9 HS2202 Waters containing added sugar 34
HS2203 Beer made from malt 5 HS1905 Bread, pastry, other bakers' wares 34
HS4101 Raw hides and skins of bovine 4 HS2106 Other food preparations 27
HS0712 Dried vegetables, whole, cut 3 HS1806 Chocolate and other cocoa food 25
Share in economy's trade in agricultural products
Exports Imports
0% 20% 40% 0% 5% 10% Value Annual percentage change
Million US$ 2018 2010-2018 2017 2018
HS2204 HS0203
Exports 61 -1 -4 2
HS0210 HS2202 Imports 617 2 11 7
HS2203 HS1905
HS4101 HS2106
HS0712 HS1806

Non-Agricultural Products
Value Value
Top exported products (Million US$) 2018 Top imported products (Million US$) 2018
HS7601 Unwrought aluminium 87 HS2710 Petroleum oils, other than crude 247
HS2716 Electrical energy 61 HS8703 Motor cars for transport of persons 130
HS2710 Petroleum oils, other than crude 31 HS3004 Medicaments in measured doses 77
HS3004 Medicaments in measured doses 25 HS2523 Portland cement, aluminous cement 62
HS4407 Wood sawn or chipped lengthwise 24 HS8502 Electric generating sets 52
Share in economy's trade in non-agricultural products
Exports Imports
0% 10% 20% 30% 0% 5% 10% 15% Value Annual percentage change
Million US$ 2018 2010-2018 2017 2018
HS7601 HS2710 Exports 405 1 24 12
HS2716 HS8703 Imports 2 386 5 17 17
HS2710 HS3004
HS3004 HS2523
HS4407 HS8502

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World Trade Organization – Trade Profiles 2019
 Montenegro
TRADE IN COMMERCIAL SERVICES
Value Annual percentage change
Million US$ 2018 2010-2018 2017 2018
Commercial services exports 1 832 7 14 15
Commercial services imports 723 7 12 23
2018 2018
Share in world total exports (%) 0.03 Share in world total imports (%) 0.01
Breakdown in economy's total exports Breakdown in economy's total imports
By main services item, % (2018) By main services item, % (2018)

Transport: 20.3 Travel: 63.9 Transport: 41.1 Travel: 9.5

Other commercial services: 15.6 Goods-related services: 0.1 Other commercial services: 48.1 Goods-related services: 1.3

By main destination By main origin

L E
Value
I LAB change
Annual percentage
FATS sales 2018 2010-2018
TA AVA 2017 2018
Inward (million US$) … … DA … …
Outward (million US$) … N…O … …

Transport
Montenegro World Value Annual percentage change
300 Million US$ 2018 2010-2018 2017 2018
200
Exports 373 10 14 26
Imports 297 9 19 22
100
Exports Value Share (%) Imports Value Share (%)
0 By sea (2018) 71 19.0 By sea (2018) 23 7.8
2010 2012 2014 2016 2018
By air (2018) 85 22.9 By air (2018) 37 12.5
Transport exports (Index 2010=100) By other (2018) 216 58.0 By other (2018) 235 79.0

Travel
Montenegro World
200 Value Annual percentage change
Million US$ 2018 2010-2018 2017 2018
100 Exports 1 171 6 14 10
Imports 68 5 1 2

0
2010 2012 2014 2016 2018
Travel exports (Index 2010=100)

Other Commercial Services and Goods-related Services

Exports of OCS by main item (2018) Million US$ Value Annual percentage change
2018 2010-2018 2017 2018
Other business Other commercial services
services Exports 286 9 11 28
15.5 ICTs Imports 348 6 10 28
37.3
18.9 Construction 2018 2010-2018 2017 2018

Other
Goods-related services
28.3
Exports 2 -25 39 -56
Imports 10 -6 16 37

INDUSTRIAL PROPERTY
Patent applications, 2016 Trademark applications, 2016 Industrial design applications, 2016
Residents Non-residents Total Residents Non-residents Total Residents Non-residents Total
10 … 10 135 2 930 3 065 3 225 228

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World Trade Organization – Trade Profiles 2019