Economic Relations Between Saudi Arabia and Montenegro and the objectives
The trade indicators between the Kingdom and the Kingdom of Montenegro for the years 2021 and 2022 show significant developments. Bilateral trade increased from $1.4 million in 2021 to $1.7 million in 2022, marking a growth rate of 21.4%. Despite stable exports from the Kingdom to Montenegro at $0.38 million, imports surged from $0.1 million to $0.8 million, reflecting a growth rate of 700%. However, the trade surplus with Montenegro decreased from $0.36 million to $0.3 million, a decline of 16.6% between 2021 and 2022. In 2022, Montenegro ranked 155th among the Kingdom's trading partners in terms of exports, 162nd in non-oil exports, and 164th in imports.
The most important non-oil exports:
iron or steel products (steel).
The most important imports:
Nickel and its products.
