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Exports In 2022, Montenegro exported $1.66k in Electromagnets, making it the 143rd largest exporter of Electromagnets in the world. At the same year, Electromagnets was the 649th most exported product in Montenegro. The main destination of Electromagnets exports from Montenegro are: Netherlands ($1.29k), Serbia ($252), and Belgium ($119).

The fastest growing export markets for Electromagnets of Montenegro between 2021 and 2022 were Netherlands ($1.22k) and Belgium ($119).

Imports In 2022, Montenegro imported $288k in Electromagnets, becoming the 138th largest importer of Electromagnets in the world. At the same year, Electromagnets was the 583rd most imported product in Montenegro. Montenegro imports Electromagnets primarily from: China ($125k), Serbia ($60.3k), Austria ($27.4k), Netherlands ($20.3k), and Croatia ($11.5k).

The fastest growing import markets in Electromagnets for Montenegro between 2021 and 2022 were China ($72.3k), Serbia ($44.3k), and Netherlands ($19k).

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 Electromagnets. 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)$1.66k
IMPORTS (2022)$288k
NET TRADE (2022)-$287k

In 2022, Montenegro exported $1.66k in Electromagnets. The main destinations of Montenegro exports on Electromagnets were Netherlands ($1.29k), Serbia ($252), and Belgium ($119).

In 2022, Montenegro imported $288k in Electromagnets, mainly from China ($125k), Serbia ($60.3k), Austria ($27.4k), Netherlands ($20.3k), and Croatia ($11.5k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Electromagnets EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Netherlands$1.22k (1.83k%)
Belgium$119 (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Electromagnets BY Montenegro WERE (2021 - 2022):
Italy-$30k (-100%)
United Arab Emirates-$1.78k (-100%)
Turkey-$715 (-100%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Type
In 2022, Montenegro's main exporting competitors in Electromagnets were:
China $6.28B
Germany $1.24B
Japan $1.18B
In 2022, Montenegro's main importing competitors in Electromagnets were:

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Trade Value of Electromagnets by Exporters

Potential Exports

Potential Exports

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

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