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2022
Exports $1.3MWorld Rnk 89 / 196
Flag Rnk 74 / 849
2022
Destination $171k Austria
2021 - 2022
FASTEST GROWING MARKET $171kAustria
2022
PRODUCT COMPLEXITY IN Essential Oils-1.09Rnk 855 / 1025
2022
Imports $155kWorld Rnk 157 / 214
Flag Rnk 683 / 1117
2022
Origin $12.6k Serbia
2021 - 2022
FASTEST GROWING ORIGIN $12.6kSerbia

About

Exports In 2022, Montenegro exported $1.3M in Essential Oils, making it the 89th largest exporter of Essential Oils in the world. At the same year, Essential Oils was the 74th most exported product in Montenegro. The main destination of Essential Oils exports from Montenegro are: Austria ($748k), Slovenia ($266k), Albania ($129k), Croatia ($72.6k), and Serbia ($43.8k).

The fastest growing export markets for Essential Oils of Montenegro between 2021 and 2022 were Austria ($171k), Serbia ($31.4k), and United States ($27.6k).

Imports In 2022, Montenegro imported $155k in Essential Oils, becoming the 157th largest importer of Essential Oils in the world. At the same year, Essential Oils was the 683rd most imported product in Montenegro. Montenegro imports Essential Oils primarily from: Serbia ($52.2k), Egypt ($20.8k), Croatia ($16.9k), India ($16.3k), and Czechia ($10.2k).

The fastest growing import markets in Essential Oils for Montenegro between 2021 and 2022 were Serbia ($12.6k), Czechia ($10.2k), and Croatia ($7.07k).

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 Essential Oils. 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)$1.3M
IMPORTS (2022)$155k
NET TRADE (2022)$1.14M

In 2022, Montenegro exported $1.3M in Essential Oils. The main destinations of Montenegro exports on Essential Oils were Austria ($748k), Slovenia ($266k), Albania ($129k), Croatia ($72.6k), and Serbia ($43.8k).

In 2022, Montenegro imported $155k in Essential Oils, mainly from Serbia ($52.2k), Egypt ($20.8k), Croatia ($16.9k), India ($16.3k), and Czechia ($10.2k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Essential Oils EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Austria$171k (29.6%)
Serbia$31.4k (253%)
United States$27.6k (1%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Essential Oils BY Montenegro WERE (2021 - 2022):
France-$424k (-100%)
Albania-$41.7k (-24.4%)
Slovenia-$23.6k (-8.18%)
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Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Essential Oils were:
India $879M
United States $693M
Brazil $425M
In 2022, Montenegro's main importing competitors in Essential Oils were:
United States $1.25B
France $440M
Germany $357M

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Trade Value of Essential Oils by Exporters

Potential Exports

Potential Exports

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N/A
N/AN/A
N/AN/A

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

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