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Who does Montenegro rely on?

The largest supplier of Montenegro in 2024 is Serbia, with 19.6% of what Montenegro buys. Its share was 21.1% in 2019 and 0% in 1995. 126 of the 412 products Montenegro buys for more than $1 million have a supplier selling more than 50% of what Montenegro buys of that product; in 46, more than 75%. In those products, purchases from each one’s dominant supplier add up to 20.3% of what Montenegro buys.

Summary

Largest supplier: Serbia
19.6%
Concentration (HHI)
768
Products with a supplier above 50%
126
Products with a supplier above 75%
46

Concentration index (HHI): 768 out of 10,000; equivalent to splitting purchases among 13 suppliers of the same size

Trend

Trend in shares

Serbia went from 0% to 19.6% of what Montenegro buys

Share (%)

  • Serbia 19.6%
  • China 10.8%
  • Germany 8.6%
  • Croatia 6%
  • Bosnia and Herzegovina 5.8%

Source: CEPII BACI

Show the numbers
YearLargest supplierShare
1995——
1996——
1997——
1998——
1999——
2000——
2001——
2002——
2003——
2004——
2005——
2006Serbia25.7%
2007Serbia24.4%
2008Serbia26.3%
2009Serbia28.1%
2010Serbia28.1%
2011Serbia28.9%
2012Serbia27.8%
2013Serbia28.4%
2014Serbia25.2%
2015Serbia27.3%
2016Serbia23%
2017Serbia22.5%
2018Serbia20.3%
2019Serbia21.1%
2020Serbia22.4%
2021Serbia22%
2022Serbia19.1%
2023Serbia19.5%
2024Serbia19.6%

Its suppliers

  1. Serbia$973 million · 19.6%
  2. China$537 million · 10.8%
  3. Germany$426 million · 8.6%
  4. Croatia$296 million · 6%
  5. Bosnia and Herzegovina$289 million · 5.8%
  6. Italy$285 million · 5.8%
  7. Greece$265 million · 5.4%
  8. Turkey$204 million · 4.1%
  9. Poland$134 million · 2.7%
  10. France$112 million · 2.3%

Products with a dominant supplier

Of the 412 products Montenegro buys for more than $1 million in 2024, these are the highest-value ones with a dominant supplier.

ProductSupplierShareSecondValue
Refined petroleumGreece60.8%Croatia · 27.6%$347 million
Cameras and broadcast equipmentChina57.1%Vietnam · 23%$73 million
Soft drinksSerbia70.4%Croatia · 5.1%$58 million
Women's suits and dressesChina59.4%Turkey · 16.8%$48 million
Live cattleCroatia52.4%Serbia · 43.7%$43 million
ComputersChina67.5%Hungary · 8.5%$41 million
Airplanes and helicoptersPoland97.2%over 75%France · 1.3%$39 million
Lead oreSerbia57.8%Bosnia and Herzegovina · 42.3%$37 million
Cigarettes and cigarsSerbia68.7%Greece · 7.6%$35 million
Air conditionersChina61.8%Italy · 6.6%$34 million
Putty and sealantsSerbia62.9%Bosnia and Herzegovina · 11.6%$33 million
Monitors and projectorsChina70.2%Serbia · 4.9%$29 million
Pet and animal feedSerbia63.3%Italy · 9.5%$29 million
BeerSerbia76.5%over 75%France · 4%$25 million
Fresh milk and creamBosnia and Herzegovina71.9%Serbia · 24.8%$24 million
Steel wire rodBosnia and Herzegovina76%over 75%Italy · 11.2%$24 million
Rubber and plastic footwearChina53.7%Serbia · 11.2%$20 million
Yogurt and fermented milkBosnia and Herzegovina56.4%Serbia · 32.4%$20 million
Wheat flourSerbia78%over 75%Bosnia and Herzegovina · 17.4%$19 million
Bags, suitcases and casesChina52.4%Italy · 15.9%$19 million
Steel wire mesh, netting and fencingBosnia and Herzegovina72.9%Serbia · 19.8%$18 million
WaterSerbia90.7%over 75%Bosnia and Herzegovina · 3%$16 million
Sunflower, safflower and cottonseed oilSerbia92.1%over 75%Croatia · 5.6%$15 million
Sauces and condimentsSerbia67.8%Italy · 9.8%$14 million
Canned vegetablesSerbia54.8%North Macedonia · 15.9%$13 million

and 101 more

A product has a dominant supplier when a single country sells more than 50% of what is bought of it; we flag it separately above 75%.

Countries that sell more than 50% of some product; the darker, the higher the value of those products.

Selling: who it relies on

Largest customer: Italy
23.5%
Concentration (HHI)
1,032

Concentration index (HHI): 1,032 out of 10,000; equivalent to splitting sales among 10 customers of the same size

Trend in shares

Italy went from 0% to 23.5% of what Montenegro sells

Share (%)

  • Italy 23.5%
  • Serbia 16.8%
  • South Korea 8%
  • Bosnia and Herzegovina 5.3%
  • Switzerland 3.7%

Source: CEPII BACI

Show the numbers
YearLargest customerShare
1995——
1996——
1997——
1998——
1999——
2000——
2001——
2002——
2003——
2004——
2005——
2006Italy31.6%
2007Italy31.9%
2008Serbia31.8%
2009Serbia35.5%
2010Serbia28.3%
2011Serbia17.9%
2012Croatia24.1%
2013Serbia29%
2014Serbia15.3%
2015Serbia17.6%
2016Serbia19.7%
2017Malta16%
2018Serbia19.9%
2019Serbia22.2%
2020Serbia20.7%
2021Serbia14.3%
2022Italy41.9%
2023Italy29.6%
2024Italy23.5%

56 of the 79 products Montenegro sells for more than $1 million have a customer buying more than 50% of what Montenegro sells of that product; in 28, more than 75%. In those products, sales to each one’s dominant customer add up to 54.3% of what Montenegro sells.

ProductCustomerShareSecondValue
ElectricityItaly69.4%Serbia · 7.6%$367 million
Copper oreSouth Korea85%over 75%Sweden · 14.6%$111 million
Medicines in measured doses or retail packsSerbia65.6%Germany · 22.4%$48 million
Bauxite (aluminum ore)China54.1%Bosnia and Herzegovina · 19.2%$40 million
Zinc oreSweden57.7%Poland · 38.5%$30 million
Cured and smoked meatSerbia89.4%over 75%North Macedonia · 3.4%$27 million
Airplanes and helicoptersPoland51.3%Czechia · 48.7%$22 million
Ferrous scrapTurkey83.6%over 75%Albania · 8.5%$21 million
Aircraft partsUkraine72.5%Azerbaijan · 22.2%$20 million
Refined petroleumSlovenia99%over 75%Senegal · 0.46%$17 million
WineSerbia66.1%Bosnia and Herzegovina · 18.3%$16 million
LigniteSerbia99.6%over 75%Bosnia and Herzegovina · 0.36%$13 million
Precious metal oreChina100%over 75%—$12 million
Copper scrapItaly51.8%Slovenia · 22.4%$11 million
Chlorates and perchloratesTurkey64.1%Serbia · 23.4%$10 million

and 41 more

Concentration compared

The closest countries in the concentration ranking (HHI, highest first).

RankCountryHHI
169Poland784
170United Arab Emirates781
171Montenegro768
172Mauritania766
173Mauritius748
174Niger741

Sources and method

Sources and licenses

Methodology

The data come from CEPII BACI (Etalab 2.0 licence), which reconciles what the exporting and the importing country report, in current USD, FOB. Data up to 2024.

Dependence is the share of a country’s imports (or exports) that each partner accounts for. It does not measure whether a product has a substitute or how much it would cost to change supplier.

The concentration index (HHI) adds up the square of each partner’s share, in percent: it runs from 0 to 10,000. Its equivalent is 10,000 ÷ HHI, the number of partners of the same size that would give that value.

Products are HS4 headings of the 1992 nomenclature (some combine different goods), with a floor of $1 million per product and country.

The EU is the 27 current members in every year; the United Kingdom is outside the EU throughout the series.

Re-exports: countries that act as redistribution hubs carry their notice and the figures are not corrected.