Key Market Indicators
Montenegro's weapon imports saw a significant decline in 2023, dropping to approximately $1.08 million. This figure represents a 46.1% decrease from the $2 million recorded in 2022. The downward trend in Montenegrin demand has been ongoing since 2019, with a cumulative year-on-year decrease of 42.7%. In the global ranking for weapon imports in 2023, Montenegro was positioned at number 127. Gabon surpassed Montenegro with imports valued at $1.08 million. The top spots in the ranking were held by Qatar, Saudi Arabia, and Kuwait, securing the 2nd, 3rd, and 4th positions respectively.
