International Trade in Montenegro

International Trade in Montenegro

Since its independence, Montenegro has experienced a very strong growth, which can be explained notably by the development of tourism, household consumption supported by the increase in salaries and the use of bank credits. In a parallel direction, the rate of unemployment went from 20% in... Read more

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Market Analyses About Montenegro (0)

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Import and Export Services in Montenegro (23)

  • MRP-EURASIA

    MRP-EURASIA

    Marketing Consulting, Montenegro

    Who we are “Market Research & Polls – EURASIA” (MRP-EURASIA) - Market research services company in CEE FSU CA...
  • Heritage Destination Consulting Ltd

    Heritage Destination Consulting Ltd

    Tourism Consulting, Montenegro

    International Heritage Interpretation & Heritage Tourism Destination Consultants Heritage Destination Consulting...

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Agents and Distributors in Montenegro (2)

  • Spanish Food Prodespa, S.L.

    Spanish Food Prodespa, S.L.

    Export Management, Montenegro

    La comida española Prodespa reune, miembro En un canal de solista de ventas, La Más Amplia Gama de Productos con Los...
  • Acumen International

    Acumen International

    HR Outsourcing, Montenegro

    Acumen International is a Global Employer of Record and a pioneer of Express Global Employment solutions. Having spotted our...

Overview About International Trade in Montenegro

Main Industry Sectors

Agriculture and food-processing represent 15% of the GDP (60% livestock breeding and 40% cultivation). The main products exported are wine and beer.
The aluminum industry represents 40% of the GDP with 120,000 tons produced each year. This sole industry represents 80% of the country's total exports.
Tourism represents 15% of the GDP. It is a sector in full expansion, especially on the Adriatic Coast which employs 15% of the active population. The country wants to improve its tourism infrastructure and to develop an eco-tourism (green tourism).  However, the hotel infrastructures of the country remain too plain and Montenegro aims to attract large foreign hotel chains that will provide hospitality standards similar to those in Europe.

 

Economic Overview

Since its independence, Montenegro has experienced a very strong growth, which can be explained notably by the development of tourism, household consumption supported by the increase in salaries and the use of bank credits. In a parallel direction, the rate of unemployment went from 20% in 2005 to less than 12% today. 
Montenegro was strongly affected by the crisis and the country entered into recession in 2010.  Its

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