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Montenegro

Montenegro ranked No. 209 in total trade value through February with a total of $1.41 million. Exports totaled $698,475 and Imports totaled $710,236, a deficit of $11,761.

U.S. trade with Montenegro rose to $1.41 million through February

Montenegro’s trade with the United States rose to $1.41 million through the first two months of 2019, according to a WorldCity analysis of latest U.S. Census Bureau data. That’s 19.81 percent below its total trade during the same time period last year. Montenegro’s exports decreased 37.71 percent while imports rose 11.79 percent. The U.S. deficit with Montenegro was $11,761.

Through February, the top five among the nation’s airports, seaports and border crossings were No. 1 John F. Kennedy International Airport; No. 2 Port of Oakland, Calif.; No. 3 Chicago O’Hare International Airport; No. 4 Low-Valued Imports and Exports; and No. 5 Port of Virginia. During the same period the previous year, the top five were No. 1 Port Laredo No. 2 Port of Virginia No. 3 Port of Newark No. 4 John F. Kennedy International Airport and No. 5 Port of New York. In the current time period, the top five accounted for 74.75 percent of Montenegro’s U.S. trade.

Among those top five:

  • Trade with No. 1 John F. Kennedy International Airport rose 161.73 percent to $544,341.
    There were no exports. Imports rose 580.94 percent to $544,341.
  • Trade with No. 2 Port of Oakland, Calif. rose 93.55 percent to $264,000.
    Exports rose 93.55 percent to $264,000. There were no imports.
  • Trade with No. 3 Chicago O’Hare International Airport rose 217.42 percent to $98,790.
    Exports totaled $91,579. Imports fell 76.83 percent to $7,211.
  • Trade with No. 4 Low-Valued Imports and Exports fell 34.85 percent to $73,052.
    Exports fell 34.85 percent to $73,052. There were no imports.
  • Trade with No. 5 Port of Virginia fell 70.52 percent to $72,762.
    Exports fell 68.69 percent to $72,762. There were no imports.

Montenegro ranked No. 209 among the United States’ top trade partners through the current period. In the same period one year ago, it ranked No. 203.

Meanwhile, total U.S. trade with the world increased to $650.55 billion, up 1.11 percent compared to the same period last year. The nation’s exports climbed 2.61 percent to $260.05 billion; imports climbed 0.14 percent to $390.5 billion. The nation’s top five countries so far this year, by value, are Mexico; Canada; China; Japan and Germany. The overall trade deficit was $130.45 billion, down compared to the same period of last year when the deficit was $136.53 billion.

The top five U.S. exports to Montenegro by value through February were the categories of Almonds, walnuts, pistachios, hazelnuts, etc.; Civilian aircraft, parts; Low value shipments; Rafts, buoys, other misc. floating structures; and Iron and steel containers, less than 300l capacity, respectively. They accounted for 71.98 percent of total exports to Montenegro.

The value of the top five categories of U.S. imports from Montenegro –– Aircraft engines, engine parts; Cell phones, related equipment; Aluminum plates, sheets, strip more than 0.2mm thi; Salvage; and Compressors and pumps –– accounted for 93.93 percent of all inbound shipments.

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

  • Almonds, walnuts, pistachios, hazelnuts, etc. rose 93.55 percent compared to last year to $264,000.
  • Civilian aircraft, parts rose 3045.67 percent compared to last year to $79,208.
  • Low value shipments fell 34.85 percent compared to last year to $73,052.
  • Rafts, buoys, other misc. floating structures totaled $51,031. The previous year, there were no exports in this category.
  • Iron and steel containers, less than 300l capacity totaled $35,500. The previous year, there were no exports in this category.

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

  • Aircraft engines, engine parts totaled $342,141. The previous year, there were no imports in this category.
  • Cell phones, related equipment rose 116.16 percent compared to last year to $216,155.
  • Aluminum plates, sheets, strip more than 0.2mm thi totaled $64,387. The previous year, there were no imports in this category.
  • Salvage rose 92.44 percent compared to last year to $23,439.
  • Compressors and pumps totaled $21,016. The previous year, there were no imports in this category.

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.