2022
Exports
$1.34MWorld Rnk 121 / 221
Flag Rnk 70 / 849
2022
PRODUCT COMPLEXITY IN Excavation Machinery
0.96Rnk 185 / 1025
2022
Imports
$5.67MWorld Rnk 160 / 224
Flag Rnk 152 / 1117

About

Exports In 2022, Montenegro exported $1.34M in Excavation Machinery, making it the 121st largest exporter of Excavation Machinery in the world. At the same year, Excavation Machinery was the 70th most exported product in Montenegro. The main destination of Excavation Machinery exports from Montenegro are: Italy ($830k), United Kingdom ($161k), Serbia ($89.4k), Singapore ($84.6k), and Belgium ($42.1k).

The fastest growing export markets for Excavation Machinery of Montenegro between 2021 and 2022 were United Kingdom ($161k), Singapore ($84.6k), and Italy ($27.2k).

Imports In 2022, Montenegro imported $5.67M in Excavation Machinery, becoming the 160th largest importer of Excavation Machinery in the world. At the same year, Excavation Machinery was the 152nd most imported product in Montenegro. Montenegro imports Excavation Machinery primarily from: Turkey ($696k), Switzerland ($687k), Bosnia and Herzegovina ($652k), Serbia ($608k), and Italy ($472k).

The fastest growing import markets in Excavation Machinery for Montenegro between 2021 and 2022 were Slovenia ($213k), Turkey ($195k), and Sweden ($46.7k).

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 Excavation Machinery. 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)$1.34M
IMPORTS (2022)$5.67M
NET TRADE (2022)-$4.33M

In 2022, Montenegro exported $1.34M in Excavation Machinery. The main destinations of Montenegro exports on Excavation Machinery were Italy ($830k), United Kingdom ($161k), Serbia ($89.4k), Singapore ($84.6k), and Belgium ($42.1k).

In 2022, Montenegro imported $5.67M in Excavation Machinery, mainly from Turkey ($696k), Switzerland ($687k), Bosnia and Herzegovina ($652k), Serbia ($608k), and Italy ($472k).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Excavation Machinery EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
United Kingdom$161k (1%)
Singapore$84.6k (1%)
Italy$27.2k (3.39%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Excavation Machinery BY Montenegro WERE (2021 - 2022):
Serbia-$212k (-70.3%)
Croatia-$38.8k (-82.7%)
Bosnia and Herzegovina-$15.6k (-39.2%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Excavation Machinery were:
In 2022, Montenegro's main importing competitors in Excavation Machinery were:

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Trade Value of Excavation Machinery by Exporters

Potential Exports

Potential Exports

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

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