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Europe

Montenegro

EU Compliance · Geopolitical Risk · Sourcing Attractiveness

EU Compliance

lower score = lower risk

3.2

Geopolitical Risk

lower score = lower risk

2.2

Sourcing Attractiveness

higher score = more attractive

4.3

Why these scores

EU Compliance, by dimension

Forced & child labour2
Worker rights & FOA3
OHS & audit transparency3
Food & product safety3
Environmental & regulatory3
Governance & anti-corruption5
Tariff & preferential access3
Non-tariff barriers3
Supply chain traceability4

1 = lowest risk · methodology & sources

Geopolitical Risk, by dimension

Geopolitical conflict2
Supplier concentration2
Climate & physical risk3
Sanctions exposure1
Policy continuity & property rights3

1 = lowest risk · methodology & sources

Attractiveness, by dimension

Labour cost competitiveness5
Supply base depth3
Logistics & infrastructure4
Workforce skills5
Scalability6
Ease of doing business5
Trade access & tariffs4
Sustainability baseline5
Innovation & IP2
Quality standards4

9 = most attractive · methodology & sources

Analyst scores, last reviewed June 2026; each dimension's sources and cadence are on its methodology page.

Data layers

The EU is Montenegro's #1 import source (world lens). Montenegro is the EU's #128 goods supplier.

Montenegro on the world stage

Montenegro$8.8bn total importsEU-270.7% · $61mNorth Macedonia0.5% · $46mBelgium0.3% · $25mASEAN-60.3% · $23mUkraine0.2% · $21mBangladesh0.2% · $16mIreland0.1% · $13mJapan0.0% · $805kChina0.0% · $97kUS0.0% · $17k

Total imports

$8.8bn

2024 annual

Total exports

$1.3bn

176 partners

#1 import source

North Macedonia

0.5%

#1 export dest.

Poland

2.0%

2024 annual, UN Comtrade (HS TOTAL, all partners). Line colour: coverage (exports/imports per partner).

Montenegro and the EU

EU imports from

€432m

0.0% of extra-EU

EU exports to

€2.2bn

0.1% of extra-EU

EU supplier rank

EU's #128 supplier

EU trade balance

balanced or surplus

coverage 5.10

2025 annual totals, Eurostat COMEXT. EU trade board →

Electricity & grid

National sources · carbon from Ember · estimated

Electricity costs →

Industrial

107

EUR/MWh

Consumer

89

EUR/MWh, all-in

Grid carbon

414

gCO₂e/kWh

Renewables

of generation

regulated market

Power market

Transmission bottleneck

Market model

Single buyer (EPCG dominant)

Direct PPA

Limited

grid access: limited

Reserve margin

Regulator

Independent

RAE (Regulatory Agency for Energy and Regulated Utility Services)

Small system dependent on one coal plant (Pljevlja, 210 MW) and variable hydro. When hydro is low, the single thermal unit becomes critical, and the system imports. The Italy-Montenegro HVDC submarine cable (600 MW)…

Power markets: full layer →

Tracked infrastructure

Operating assets tracked by Global Energy Monitor (CC BY 4.0); counts are tracked facilities, not exhaustive totals. Energy overview →

Metal mining

Tagged mines

3

none in the merged layer

Acid-drainage prone

1

high water-risk ore class

Main commodities

Aluminium, Zinc

Water risk is inferred from the ore class, not site measurements. Global mines: full layer →

Monitored ports (1)

Bar

Source: IMF PortWatch. Port count reflects monitoring coverage, not economic significance.

Demographics

UN World Population Prospects 2024 · medium variant

ASEAN demographics →

Median age

39.6

→ 45.1 by 2050

Fertility

1.8

below replacement

Working-age

64%

aged 15–64

Old-age dep.

27.8

→ 45.5 by 2050

Median age 1990–2050

Population 0.64M · peaks 2024

By 2050: -17% (0.53M)