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Montenegro photovoltaic module exports

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About Montenegro photovoltaic module exports

About Montenegro photovoltaic module exports

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About Montenegro photovoltaic module exports video introduction

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3 FAQs about [Montenegro photovoltaic module exports]

How much does Montenegro export?

In macroeconomic terms, Montenegro’s total exported goods represent 3.8% of its overall Gross Domestic Product for 2023 ($19 billion valued in Purchasing Power Parity US dollars). That 3.8% for exports to overall GDP in PPP for 2023 compares to 4.6% for 2022.

What are Montenegro's top export products?

Montenegro’s top 10 export product categories accounted for 83.5% of the overall value of its global shipments. Beverages, spirits and vinegar was the fastest grower among the top 10 export categories, up by 140.3% from 2022 to 2023. In second place for improving export sales was electrical machinery and equipment via a 34.2% advance.

What currency does Montenegro use?

Based on the average exchange rate for 2023, Montenegro uses the euro which depreciated by -3.5% against the US dollar since 2019 but appreciated by 2.8% from 2022 to 2023. The weaker local currency since 2019 made Montenegro’s exports paid for in stronger US dollars relatively lesser expensive for international buyers.

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