2022
Exports
$330kWorld Rnk 135 / 222
Flag Rnk 150 / 849
2022
PRODUCT COMPLEXITY IN Insulated Wire
-0.59Rnk 723 / 1025
2022
Imports
$25.6MWorld Rnk 146 / 225
Flag Rnk 30 / 1117

About

Exports In 2022, Montenegro exported $330k in Insulated Wire, making it the 135th largest exporter of Insulated Wire in the world. At the same year, Insulated Wire was the 150th most exported product in Montenegro. The main destination of Insulated Wire exports from Montenegro are: Poland ($74.2k), Serbia ($64.7k), United Kingdom ($53.9k), Turkey ($46.3k), and Italy ($27k).

The fastest growing export markets for Insulated Wire of Montenegro between 2021 and 2022 were Poland ($62.6k), Turkey ($45.4k), and United Kingdom ($34.9k).

Imports In 2022, Montenegro imported $25.6M in Insulated Wire, becoming the 146th largest importer of Insulated Wire in the world. At the same year, Insulated Wire was the 30th most imported product in Montenegro. Montenegro imports Insulated Wire primarily from: Serbia ($8.32M), Croatia ($6.34M), Bosnia and Herzegovina ($3.68M), China ($1.98M), and Turkey ($1.06M).

The fastest growing import markets in Insulated Wire for Montenegro between 2021 and 2022 were Croatia ($2.48M), China ($729k), and Serbia ($665k).

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 Insulated Wire. 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)$330k
IMPORTS (2022)$25.6M
NET TRADE (2022)-$25.3M

In 2022, Montenegro exported $330k in Insulated Wire. The main destinations of Montenegro exports on Insulated Wire were Poland ($74.2k), Serbia ($64.7k), United Kingdom ($53.9k), Turkey ($46.3k), and Italy ($27k).

In 2022, Montenegro imported $25.6M in Insulated Wire, mainly from Serbia ($8.32M), Croatia ($6.34M), Bosnia and Herzegovina ($3.68M), China ($1.98M), and Turkey ($1.06M).

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Export Destinations (2022)

Import Origins (2022)

Market Growth

Flow
THE FASTEST GROWING Insulated Wire EXPORT MARKETS FOR Montenegro WERE (2021 - 2022):
Poland$62.6k (541%)
Turkey$45.4k (5.19k%)
United Kingdom$34.9k (184%)
THE FASTEST DECLINING MARKETS FOR THE EXPORT OF Insulated Wire BY Montenegro WERE (2021 - 2022):
United States-$224k (-94.3%)
Serbia-$168k (-72.2%)
Bosnia and Herzegovina-$17.9k (-85.3%)

Change in Exports by Market (2021 - 2022)

Market Concentration

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Flow
Type
In 2022, Montenegro's main exporting competitors in Insulated Wire were:
In 2022, Montenegro's main importing competitors in Insulated Wire were:

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Trade Value of Insulated Wire by Exporters

Potential Exports

Potential Exports

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

See methodology.

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