Montenegro Balance of Trade  2007-2018 | Data | Chart | Calendar

The trade deficit in Montenegro increased to EUR 220.3 million in July 2018 from EUR 185.8 million in the same month of the previous year. Exports fell 0.9 percent to EUR 30.6 million while imports soared 15.8 percent to EUR 250.8 million. Considering the January to July period of 2018, the trade shortfall widened by 13.1 percent to EUR 1226.6 million from EUR 1084.9 million. Exports grew 15.8 percent to EUR 229.1 million, mainly boosted by manufactured goods classified chiefly by material (28.7% of total sales), of which non-ferrous metals (19.6%) and iron and steel (5.5%). The most important export partners were Bosnia and Herzegovina (7.8%) and Hungary (12.3%) Meantime, imports rose 13.5 percent to EUR 1455.7 million, driven by machinery and transport equipment (26.4% of total purchases), such as road vehicles (7.7%) and electrical machinery, apparatus and appliances (5.2 percent). Main import partners were Serbia (19%) and China (11.4%). Balance of Trade in Montenegro averaged -129902.64 EUR Thousand from 2007 until 2018, reaching an all time high of -26293 EUR Thousand in January of 2007 and a record low of -222421 EUR Thousand in July of 2008.

Montenegro Balance of Trade
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Calendar GMT Actual Previous Consensus TEForecast
2018-06-25 10:00 AM Balance of Trade €-209.9M €-185.5M €-170M
2018-07-25 10:00 AM Balance of Trade €-201.6M €-209.9M € -188.4M
2018-08-27 10:10 AM Balance of Trade €-220.3M €-202.4M €-170M
2018-09-25 09:00 AM Balance of Trade €-220.3M €-192M
2018-10-25 09:00 AM Balance of Trade € -163.5M
2018-11-26 10:00 AM Balance of Trade €-215M


Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -220259.00 -202424.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 30556.00 39216.00 52965.30 11428.00 EUR Thousand [+]
Imports 250815.00 241640.00 264187.00 65304.00 EUR Thousand [+]
Current Account -308371.90 -304210.61 292356.68 -493338.85 EUR Thousand [+]
Current Account to GDP -19.10 -13.30 -7.40 -44.23 percent [+]
Capital Flows -303771.85 -151099.78 542738.38 -375901.87 EUR Thousand [+]
Tourist Arrivals 178158.00 144034.00 178788.00 10322.00 [+]
Terrorism Index 0.08 0.15 1.45 0.00 [+]
Remittances 60539.25 46051.10 60539.25 35725.82 EUR Thousand [+]
Foreign Direct Investment 659232.90 687154.00 1223999.76 479191.48 EUR Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Montenegro Balance of Trade

Montenegro exports mainly manufactured goods, mineral fuels, lubricants, raw materials and food and beverages. Due to historical reasons, Montenegro has strong trade ties with its neighbours. Tourism, which represents 46 percent of Montenegrin exports, is already a crucial part of Montenegro’s trade flows and is expected to keep growing in the future. Montenegro’s ore deposits also play an important role in the country’s exports, aided by a complementary manufacturing sector. Montenegro imports manufactured goods, food, beverages and tobacco, mineral fuels, lubricants and machinery and transport equipment. Montenegro’s main trading partners are Serbia, Greece, Bosnia and Herzegovina, Germany, Italy and Croatia. . This page provides the latest reported value for - Montenegro Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Montenegro Balance of Trade - actual data, historical chart and calendar of releases - was last updated on September of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-220259.00 -202424.00 -26293.00 -222421.00 2007 - 2018 EUR Thousand Monthly




balance of trade by Country
Country Last
Argentina -789.00 Jul/18
Australia 1551.00 Jul/18
Brazil 3774.99 Aug/18
Canada -114.30 Jul/18
China 279.10 Aug/18
Euro Area 17555.60 Jul/18
France -3490.00 Jul/18
Germany 16461.00 Jul/18
India -17390.00 Aug/18
Indonesia -1021.40 Aug/18
Italy 5676.00 Jul/18
Japan -444.59 Aug/18
Mexico -2889.20 Jul/18
Netherlands 4612.00 Jul/18
Russia 13402.00 Jul/18
Saudi Arabia 120299.00 Mar/18
Singapore 6755.10 Aug/18
South Africa -4657.00 Jul/18
South Korea 6900.00 Aug/18
Spain -3247700.00 Jul/18
Switzerland 1407.94 Aug/18
Turkey -5980.00 Jul/18
United Kingdom -111.00 Jul/18
United States -50082.00 Jul/18


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