Montenegro

Montenegro ranked No. 187 in total trade value through June with a total of $14.65 million. Exports totaled $12.52 million and Imports totaled $2.13 million, a surplus of $10.39 million.

U.S. trade with Montenegro rose to $14.65 million through June

Montenegro’s trade with the United States rose to $14.65 million through the first six months of 2020, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 140.57 percent above its total trade during the same time period last year. U.S. exports to Montenegro increased 186.78 percent while U.S. imports from Montenegro rose 23.48 percent. The U.S. surplus with Montenegro was $10.39 million.

Through June, the top five among the nation’s airports, seaports and border crossings were No. 1 Dallas-Fort Worth International Airport, Texas; No. 2 Port of Charleston; No. 3 Hartsfield-Jackson Atlanta International Airport; No. 4 Port of New York; and No. 5 Low-Valued Imports and Exports. During the same period the previous year, the top five were No. 1 Port of New York; No. 2 John F. Kennedy International Airport; No. 3 Port of Oakland, Calif.; No. 4 Low-Valued Imports and Exports and No. 5 Port Laredo. In the current time period, the top five accounted for 79.11 percent of Montenegro’s U.S. trade.

Among those top five:

  • Trade with No. 1 Dallas-Fort Worth International Airport, Texas rose 64505 percent to $8.26 million.
    Exports rose 64505 percent to $8.26 million. There were no imports.
  • Trade with No. 2 Port of Charleston rose 3568.18 percent to $1.12 million.
    Exports rose 3568.18 percent to $1.12 million. There were no imports.
  • Trade with No. 3 Hartsfield-Jackson Atlanta International Airport rose 396.42 percent to $986,295.
    Exports fell 4.67 percent to $189,395. Imports totaled $796,900.
  • Trade with No. 4 Port of New York fell 57.18 percent to $793,853.
    Exports fell 62.36 percent to $690,324. Imports rose 417.02 percent to $103,529.
  • Trade with No. 5 Low-Valued Imports and Exports fell 1.32 percent to $426,482.
    Exports fell 1.32 percent to $426,482. There were no imports.

Montenegro ranked No. 187 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 196.

Meanwhile, total U.S. trade with the world increased to $1.77 trillion, down 57.4 percent compared to the same period last year. The nation’s exports dropped 58.23 percent to $687.16 billion; imports dropped 56.85 percent to $1.08 trillion. The nation’s top five countries so far this year, by value, are Canada; Mexico; China; Japan and Germany. The overall trade deficit was $391.01 billion, down compared to the same period of last year when the deficit was $853.23 billion.

The top five U.S. exports to Montenegro by value through June were the categories of Civilian aircraft, parts; Passenger vehicles; Medical instruments; Low value shipments; and Motorboats and yachts, respectively. They accounted for 90.87 percent of total exports to Montenegro.

The value of the top five categories of U.S. imports from Montenegro –– Prepared explosives; Cell phones, related equipment; Wine; Amplifiers, speakers, microphones; and Iron and steel bars, hot-worked –– accounted for 76.87 percent of all inbound shipments.

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

  • Civilian aircraft, parts rose 3021.85 percent compared to last year to $8.53 million.
  • Passenger vehicles rose 24.62 percent compared to last year to $1.69 million.
  • Medical instruments rose 220.03 percent compared to last year to $575,914.
  • Low value shipments fell 1.32 percent compared to last year to $426,482.
  • Motorboats and yachts fell 48.26 percent compared to last year to $148,500.

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

  • Prepared explosives totaled $796,900. The previous year, there were no imports in this category.
  • Cell phones, related equipment fell 21.89 percent compared to last year to $305,526.
  • Wine rose 100.28 percent compared to last year to $209,020.
  • Amplifiers, speakers, microphones totaled $172,763. The previous year, there were no imports in this category.
  • Iron and steel bars, hot-worked totaled $151,112. The previous year, there were no imports in this category.

In the latest annual figures available, Montenegro recorded $21.62 million in trade with the United States. Total U.S. exports to Montenegro were $ 18.47 million and imports from Montenegro were $3.15 million. The U.S. surplus with Montenegro was $15.32 million.