There are significant opportunities for direct investments for Turkish companies in Montenegro, which is negotiating full membership with the European Union. In Montenegro, the manufacturing sector is not very prominent, except for aluminum products. The country’s economy is dominated by the service sector, especially tourism. As CDA Logistics, we provide time and cost advantages to our exporter and importer customers with our damage-free transportation on the Montenegro line, where we have established a strong logistics infrastructure.

Exports from Turkey to Montenegro

Considering Montenegro’s total imports exceeding 4 billion dollars and growing, Turkey’s exports in the 180 million dollar range are expected to increase even more. Wood and wooden goods, charcoal, furniture, lighting devices, prefabricated structures, machines and mechanical devices, jewelry items, textiles, electrical machines and devices, and iron or steel goods are Turkey’s main export products to Montenegro.

Imports from Montenegro to Turkey

Turkey’s imports from Montenegro are around 30 million dollars. The main products imported from Montenegro are iron and steel, jewelry items, inorganic chemicals, aluminum and aluminum goods.

Economic Relations between Turkey and Montenegro

Turkey is one of the countries to which Montenegro exports the most. The Free Trade Agreement (FTA), signed between the two countries and entered into force on March 1, 2010, has provided to Turkish exporters an equal competition with EU exporters. Turkey ranks 6th among the countries that have made the most direct investments in Montenegro with an investment amount approaching 60 million Euros. Agriculture, animal husbandry, energy, tourism, banking, passenger and freight transportation, textile, forest products, health, airport management and contracting sectors are the leading sectors recommended for Turkish investors.

As CDA Logistics, you can contact us for advantageous freight offers for your import and export processes between Turkey and Montenegro.