Montenegro: Exports of goods and services (current US$)

Key figures

What the numbers say

In 2025, Montenegro's exports of goods and services (current US$) rose 2.2% on 2024 (from US$3.62 billion to US$3.7 billion).

Across the 24 yearly changes before that (2001 to 2024), the average change was +13.4% and a typical year strayed about 28.8% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

On record, the biggest yearly rise was 102% in 2021 and the biggest yearly fall was 48.9% in 2020. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2016 to 2025 the straight-line trend is upward, about US$238.21 million a year. A straight line explains 68% of the movement over 10 observed years.

Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.

How it compares

In 2025, Montenegro had the 120th highest value of the 137 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.

Closest to Montenegro in the 2025 ranking

• Madagascar — 116th of 137: US$4.19 billion
• Nepal — 117th of 137: US$4.02 billion
• Somalia, Fed. Rep. — 118th of 137: US$3.8 billion
• West Bank and Gaza — 120th of 137: US$3.64 billion
• Rwanda — 121st of 137: US$3.53 billion
• Niger — 122nd of 137: US$3.41 billion

What this measures

Exports of goods includes changes in the economic ownership of goods from residents of the compiling economy to non-residents, irrespective of physical movement of goods across national borders. Exports of services includes services provided by residents to non-residents. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.

Limitations: Because policymakers have tended to focus on fostering the growth of output, and because data on production are easier to collect than data on spending, many countries generate their primary estimate of GDP using the production approach. Moreover, many countries do not estimate all the components of national expenditures but instead derive some of the main aggregates indirectly using GDP (based on the production approach) as the control total. Data on exports and imports are compiled from customs reports and balance of payments data.

Regional and income-group figures are computed by the World Bank as a gap-filled total.

All 26 values

Exports of goods and services (current US$) in nearby economies

• Albania — US$11.3 billion (2025)
• Armenia — US$14.07 billion (2025)
• Austria — US$316.98 billion (2025)
• Azerbaijan — US$32.67 billion (2025)
• Belarus — US$51.44 billion (2025)
• Belgium — US$547.37 billion (2025)
• Bosnia and Herzegovina — US$13.37 billion (2025)
• Bulgaria — US$66.35 billion (2025)
• Croatia — US$50.4 billion (2025)
• Cyprus — US$40.23 billion (2025)

More economic policy & debt data for Montenegro

• Adjusted savings, mineral depletion (current US$) — US$651,532 (2021)
• Medium and high-tech manufacturing value added (% manufacturing value added) — 14.86% (2024)
• Adjusted savings, carbon dioxide damage (current US$) — US$105.26 million (2021)
• GDP (current US$) — US$9.23 billion (2025)
• GDP (current LCU) — 8.17 billion (2025)
• GDP, linked series (current LCU) — 8.17 billion (2025)
• GDP (constant 2015 US$) — US$5.47 billion (2025)
• GDP (constant LCU) — 4.66 billion (2025)
• GDP, PPP (current international $) — 22.07 billion (2025)
• GDP, PPP (constant 2021 international $)

Reading data like this

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Questions people ask

What is Montenegro's exports of goods and services (current US$)?

US$3.7 billion in 2025, according to the World Bank (World Development Indicators).

How has it changed since 2000?

It is up 920.76% from US$362.37 million in 2000 (9.74% a year on average, compounded). The highest value was US$3.76 billion in 2023 and the lowest US$362.37 million in 2000.

How does Montenegro rank?

120th highest of 137 economies with data for 2025.

Is the latest change in exports of goods and services (current US$) unusual for Montenegro?

In 2025, Montenegro's exports of goods and services (current US$) rose 2.2% on 2024 (from US$3.62 billion to US$3.7 billion). Across the 24 yearly changes before that (2001 to 2024), the average change was +13.4% and a typical year strayed about 28.8% from that (the standard deviation). This year's change was 0.4 standard deviations below that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.

Source

World Bank, World Development Indicators, indicator NE.EXP.GNFS.CD, licensed CC BY 4.0. Original source: Country official statistics, National Statistical Offices (NSOs); National Accounts data files, Central Banks; Staff estimates, World Bank (WB) Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.

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