Monaco recorded a trade deficit of 422.60 EUR Million in the second quarter of 2019. Balance of Trade in Monaco averaged -91.80 EUR Million from 2008 until 2019, reaching an all time high of 131.74 EUR Million in the fourth quarter of 2011 and a record low of -720.30 EUR Million in the third quarter of 2018.
Balance of Trade in Monaco is expected to be -593.46 EUR Million by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Monaco to stand at -593.46 in 12 months time. In the long-term, the Monaco Balance of Trade is projected to trend around -725.01 EUR Million in 2020, according to our econometric models.