Key Market Indicators
Montenegrin exports of electrical equipment are projected to decrease slightly to $4.1 million in 2026, from $4.2 million in 2021. This marks a 0.3% year-on-year average decrease from 2011, which totals to a 6.3% drop. Montenegro ranked 119th in 2021; Nepal overtook it with $4.2 million. South Korea, the United States and Germany were the top three countries in the ranking. Meanwhile, Montenegrin imports of electrical equipment are projected to reach $322.5 million by 2026, up from $279.4 million in 2021. This marks a 2.4% year-on-year CAGR from 2011, with a total increase of 3%. Montenegro came in 113th in 2021; the Maldives overtook it with $279.4 million. The United States, Germany and Singapore were the top three countries in the ranking.
