Merchandise trade (% of GDP) — all countries

Merchandise trade (% of GDP) — Montenegro

Merchandise trade (% of GDP) in Montenegro in 2025 — 61.77%. Ranked 75 in the world out of 189. Since 2006, the indicator has fallen by 26.39 pp.

2025 61.77% +0.57 pp vs 2024
World rank 75of 189
Period maximum 95.36%2008
Period minimum 59.61%2021

Trend over time

2006–2025 · % of GDP

Merchandise trade (% of GDP) — Montenegro, 2006–20255060708090100200620082010201220142016201820202022202420252006: 88.16%2007: 94.85%2008: 95.36%2009: 64.94%2010: 63.31%2011: 70.38%2012: 68.89%2013: 64.49%2014: 61.36%2015: 59.64%2016: 60.75%2017: 63.16%2018: 64.08%2019: 61.53%2020: 59.63%2021: 59.61%2022: 71.03%2023: 63.47%2024: 61.2%2025: 61.77%
Change over the period: −26.39 pp Annual average: -1.39 pp

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Montenegro

Montenegro 61.77%
World 43.89%
Southern Europe computed 57.41%
Merchandise trade (% of GDP) — Montenegro, by year Montenegro All countries CSV XLSX
Year % Change, pp
2025 61.77 +0.57 pp
2024 61.2 −2.27 pp
2023 63.47 −7.56 pp
2022 71.03 +11.42 pp
2021 59.61 −0.02 pp
2020 59.63 −1.9 pp
2019 61.53 −2.56 pp
2018 64.08 +0.93 pp
2017 63.16 +2.41 pp
2016 60.75 +1.11 pp
2015 59.64 −1.72 pp
2014 61.36 −3.14 pp
2013 64.49 −4.39 pp
2012 68.89 −1.49 pp
2011 70.38 +7.07 pp
2010 63.31 −1.63 pp
2009 64.94 −30.42 pp
2008 95.36 +0.51 pp
2007 94.85 +6.69 pp
2006 88.16

About the indicator

The sum of exports and imports of goods as a percent of GDP. It differs from trade openness in that services are not counted here, and the difference between the two indicators is exactly what shows the weight of services in a country's foreign trade. The highest values come not from large exporters but from transshipment economies — Singapore, Hong Kong, Luxembourg — where goods are brought in to be sent out again, and both flows are counted in full.

Important: Goods only. The value can exceed 100% of GDP: exports and imports are counted at the full value of the goods while GDP is counted as value added, so in transshipment economies the values run to several hundred percent.

Source: World Development Indicators (World Bank), license CC BY 4.0.