Montenegro: Merchandise exports by the reporting economy (current US$)

Key figures

What the numbers say

In 2023, Montenegro's merchandise exports by the reporting economy (current US$) fell 5.5% on 2022 (from US$730.34 million to US$689.83 million).

Across the 16 yearly changes before that (2007 to 2022), the average change was +4.1% and a typical year strayed about 22.7% 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 45.9% in 2022 and the biggest yearly fall was 36.7% in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.

From 2014 to 2023 the straight-line trend is upward, about US$35.27 million a year. A straight line explains 64% 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 2023, Montenegro had the 162nd highest value of the 205 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 2023 ranking

• Cuba — 158th of 205: US$853.94 million
• Fiji — 159th of 205: US$732.24 million
• Bhutan — 160th of 205: US$703.02 million
• South Sudan — 162nd of 205: US$652.23 million
• Seychelles — 163rd of 205: US$548.98 million
• Sierra Leone — 164th of 205: US$513.99 million

What this measures

Merchandise exports by the reporting economy are the total merchandise exports by the reporting economy to the rest of the world, as reported in the IMF's Direction of trade database. Data are in current US$.

Regional and income-group figures are computed by the World Bank as a sum.

All 18 values

Merchandise exports by the reporting economy (current US$) in nearby economies

• Albania — US$4.37 billion (2023)
• Armenia — US$8.53 billion (2023)
• Austria — US$223.59 billion (2023)
• Azerbaijan — US$33.9 billion (2023)
• Belarus — US$25.27 billion (2023)
• Belgium — US$562.55 billion (2023)
• Bosnia and Herzegovina — US$9.22 billion (2023)
• Bulgaria — US$45.6 billion (2023)
• Croatia — US$24.91 billion (2023)

More private sector & trade data for Montenegro

• Merchandise trade (% of GDP) — 61.77% (2025)
• Agricultural raw materials imports (% of merchandise imports) — 0.52% (2025)
• Food imports (% of merchandise imports) — 23.61% (2025)
• Fuel imports (% of merchandise imports) — 10.62% (2025)
• Manufactures imports (% of merchandise imports) — 63.83% (2025)
• Ores and metals imports (% of merchandise imports) — 1.3% (2025)
• Merchandise imports (current US$) — US$5.06 billion (2025)
• Agricultural raw materials exports (% of merchandise exports) — 6.2% (2025)
• Food exports (% of merchandise exports) — 18.56% (2025)

Reading data like this

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Questions people ask

What is Montenegro's merchandise exports by the reporting economy (current US$)?

US$689.83 million in 2023, according to the World Bank (World Development Indicators).

How has it changed since 2006?

It is up 24.55% from US$553.87 million in 2006 (1.3% a year on average, compounded). The highest value was US$730.34 million in 2022 and the lowest US$335.71 million in 2015.

How does Montenegro rank?

162nd highest of 205 economies with data for 2023.

Is the latest change in merchandise exports by the reporting economy (current US$) unusual for Montenegro?

In 2023, Montenegro's merchandise exports by the reporting economy (current US$) fell 5.5% on 2022 (from US$730.34 million to US$689.83 million). Across the 16 yearly changes before that (2007 to 2022), the average change was +4.1% and a typical year strayed about 22.7% 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 TX.VAL.MRCH.WL.CD, licensed CC BY 4.0. Original source: Staff estimates, World Bank (WB); Direction of Trade database, International Monetary Fund (IMF) 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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