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Montenegro

Montenegro ranked No. 176 in total trade value through October with a total of $64.24 million. Exports totaled $60.05 million and Imports totaled $4.18 million, a surplus of $55.87 million.

January – October 2018

Top Trading Ports

Total Trade: $64.24 million

RankPortTotal YTD
1John F. Kennedy International Airport $33,777,776
2Port of Palm Beach, Fla. $6,514,155
3Port of New Orleans $5,446,692
4Port of Lake Charles, La. $2,862,400
5Port of New York $2,523,832
6Low-Valued Imports and Exports $2,213,424
7Chicago O’Hare International Airport $1,756,464
8Port of Newark $1,444,006
9Los Angeles International Airport $1,269,395
10Port of Seattle, Wash. $919,066

U.S. trade with Montenegro rose to $64.24 million through October

Montenegro’s trade with the United States rose to $64.24 million through the first 10 months of 2018, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 593.43 percent above its total trade during the same time period last year. Montenegro’s exports increased 688.41 percent while imports rose 154.11 percent. The U.S. surplus with Montenegro was $55.87 million.

Through October, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Palm Beach, Fla.; No. 3 Port of New Orleans; No. 4 Port of Lake Charles, La.; and No. 5 Port of New York. During the same period the previous year, the top five were No. 1 Port of New York No. 2 Port of Virginia No. 3 Low-Valued Imports and Exports No. 4 Port of Palm Beach, Fla. and No. 5 Port of Oakland, Calif.. In the current time period, the top five accounted for 79.59 percent of Montenegro’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 11696 percent to $33.78 million.
    Exports rose 28896 percent to $33.42 million. Imports rose 109.06 percent to $357,677.
  • Trade with No. 2 Port of Palm Beach, Fla. rose 1003.16 percent to $6.51 million.
    Exports rose 1003.16 percent to $6.51 million. There were no imports.
  • Trade with No. 3 Port of New Orleans rose 11661 percent to $5.45 million.
    Exports rose 18579 percent to $5.3 million. Imports rose 718.19 percent to $146,751.
  • Trade with No. 4 Port of Lake Charles, La. totaled $2.86 million.
    Exports totaled $2.86 million. There were no imports.
  • Trade with No. 5 Port of New York rose 39.63 percent to $2.52 million.
    Exports rose 39.63 percent to $2.52 million. There were no imports.

Montenegro ranked No. 176 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 205.

Meanwhile, total U.S. trade with the world increased to $3.51 trillion, up 9.44 percent compared to the same period last year. The nation’s exports climbed 8.95 percent to $1.39 trillion; imports climbed 9.77 percent to $2.12 trillion. The nation’s top five countries so far this year, by value, are China; Canada; Mexico; Japan and Germany. The overall trade deficit was $732.48 billion, up compared to the same period of last year when the deficit was $657.79 billion.

The top five U.S. exports to Montenegro by value through October were the categories of Civilian aircraft, parts; Petroleum products; Motorboats and yachts; Low value shipments; and Motor vehicles for transporting people, respectively. They accounted for 85.4 percent of total exports to Montenegro.

The value of the top five categories of U.S. imports from Montenegro –– Value added to a returned import; Cell phones, related equipment; Transmission shafts, bearings, gears; Compressors and pumps; and Wine –– accounted for 67.39 percent of all inbound shipments.

Looking more closely at U.S. exports to Montenegro:

  • Civilian aircraft, parts rose 27268 percent compared to last year to $32.8 million.
  • Petroleum products totaled $7.66 million. The previous year, there were no exports in this category.
  • Motorboats and yachts rose 940.86 percent compared to last year to $6.58 million.
  • Low value shipments rose 220.9 percent compared to last year to $2.21 million.
  • Motor vehicles for transporting people rose 34.05 percent compared to last year to $2.03 million.

Looking more closely at U.S. imports from Montenegro:

  • Value added to a returned import rose 4625.94 percent compared to last year to $1.73 million.
  • Cell phones, related equipment rose 783.95 percent compared to last year to $317,531.
  • Transmission shafts, bearings, gears totaled $303,112. The previous year, there were no imports in this category.
  • Compressors and pumps rose 338.9 percent compared to last year to $280,274.
  • Wine rose 35.67 percent compared to last year to $193,206.

In the latest annual figures available, Montenegro recorded $11.74 million in trade with the United States. At year’s end, its were New York City; Miami; Low Value Shipments; Norfolk; and Seattle. Total U.S. exports to Montenegro were $ 9.15 million and imports from Montenegro were $2.6 million. The U.S. surplus with Montenegro was $6.55 million.