Generic selectors
Exact matches only
Search in title
Search in content
Search in posts
Search in pages

Montenegro

Montenegro ranked No. 204 in total trade value through August with a total of $9.07 million. Exports totaled $6.83 million and Imports totaled $2.25 million, a surplus of $4.58 million.

U.S. trade with Montenegro rose to $9.07 million through August

Montenegro’s trade with the United States rose to $9.07 million through the first eight months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 83.75 percent below its total trade during the same time period last year. U.S. exports to Montenegro decreased 86.95 percent while U.S. imports from Montenegro fell 36.75 percent. The U.S. surplus with Montenegro was $4.58 million.

Through August, the top five among the nation’s airports, seaports and border crossings were No. 1 Port of New York; No. 2 John F. Kennedy International Airport; No. 3 Low-Valued Imports and Exports; No. 4 Port of Newark; and No. 5 Port of Seattle, Wash.. During the same period the previous year, the top five were No. 1 John F. Kennedy International Airport No. 2 Port of Palm Beach, Fla. No. 3 Port of Lake Charles, La. No. 4 Port of New York and No. 5 Chicago O’Hare International Airport. In the current time period, the top five accounted for 58.26 percent of Montenegro’s U.S. trade.

Among those top five:

  • Trade with No. 1 Port of New York rose 3.5 percent to $2.32 million.
    Exports fell 0.09 percent to $2.24 million. Imports totaled $80,525.
  • Trade with No. 2 John F. Kennedy International Airport fell 96.98 percent to $1.02 million.
    Exports fell 99.61 percent to $128,681. Imports rose 154.34 percent to $887,726.
  • Trade with No. 3 Low-Valued Imports and Exports fell 50.14 percent to $691,070.
    Exports fell 50.14 percent to $691,070. There were no imports.
  • Trade with No. 4 Port of Newark rose 19.24 percent to $678,714.
    Exports rose 53.78 percent to $402,787. Imports fell 10.2 percent to $275,927.
  • Trade with No. 5 Port of Seattle, Wash. fell 2.1 percent to $577,480.
    Exports fell 2.1 percent to $577,480. There were no imports.

Montenegro ranked No. 204 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 175.

Meanwhile, total U.S. trade with the world increased to $2.77 trillion, down 0.32 percent compared to the same period last year. The nation’s exports dropped 0.71 percent to $1.1 trillion; imports dropped 0.07 percent to $1.67 trillion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $575.47 billion, up compared to the same period of last year when the deficit was $568.8 billion.

The top five U.S. exports to Montenegro by value through August were the categories of Motor vehicles for transporting people; Low value shipments; Frozen fish; Almonds, walnuts, pistachios, hazelnuts, etc.; and Value added to a returned import, respectively. They accounted for 55 percent of total exports to Montenegro.

The value of the top five categories of U.S. imports from Montenegro –– Cell phones, related equipment; Aircraft engines, engine parts; Aluminum plates, sheets, strip more than 0.2mm thi; Wine; and Misc. articles of unhardened vulcanized rubber –– accounted for 57.85 percent of all inbound shipments.

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

  • Motor vehicles for transporting people fell 4.58 percent compared to last year to $1.74 million.
  • Low value shipments fell 50.14 percent compared to last year to $691,070.
  • Frozen fish fell 17.03 percent compared to last year to $577,480.
  • Almonds, walnuts, pistachios, hazelnuts, etc. fell 6.57 percent compared to last year to $393,800.
  • Value added to a returned import totaled $353,087. The previous year, there were no exports in this category.

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

  • Cell phones, related equipment rose 68.44 percent compared to last year to $451,757.
  • Aircraft engines, engine parts totaled $342,141. The previous year, there were no imports in this category.
  • Aluminum plates, sheets, strip more than 0.2mm thi totaled $182,894. The previous year, there were no imports in this category.
  • Wine fell 5.53 percent compared to last year to $169,222.
  • Misc. articles of unhardened vulcanized rubber rose 6728.8 percent compared to last year to $154,126.

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.