Montenegro’s trade deficit narrowed to €325.5 million in August 2026 from €359.8 million a year earlier. Exports jumped by 49.9% year-on-year to €57.5 million, while imports fell by 3.8% to €383.0 million. On a cumulative basis, the trade deficit widened to €2,620.6 million from €2,555.5 million a year earlier. Exports rose by 2.0% to €372.9 million, driven largely by increased shipments of food and live animals (+120.8%), beverages and tobacco (+15.5%), mineral fuels, lubricants, and related materials (+16.9%), and manufactured goods, classified chiefly by material (+73.4%). Meanwhile, imports grew by 2.5% to €2,993.6 million, lifted by higher purchases of chemicals (+4.5%), animal oils and fats (+3.7%), miscellaneous manufactured articles (+5.3%), and commodities and transactions not classified elsewhere in the SITC (+21.8%). Among trading partners, Europe accounted for the largest share of both exports and imports, representing 94.0% and 79.3%, respectively. source: Statistical Office of Montenegro

Montenegro recorded a trade deficit of 325482 EUR Thousand in August of 2026. Balance of Trade in Montenegro averaged -171886.00 EUR Thousand from 2007 until 2026, reaching an all time high of 176345.00 EUR Thousand in January of 2026 and a record low of -396874.00 EUR Thousand in June of 2026. 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 - data, historical chart, forecasts and calendar of releases - was last updated on October of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-08-28 09:00 AM
Balance of Trade
Jul €-378.5M €-396.8M €-400.0M
2026-09-29 09:00 AM
Balance of Trade
Aug €-325.5M €-377.7M €-360.0M
2026-10-29 10:00 AM
Balance of Trade
Sep €-325.5M


Related Last Previous Unit Reference
Balance of Trade -325482.00 -377669.00 EUR Thousand Aug 2026
Capital Flows -313804.00 -560276.00 EUR Thousand Jun 2026
Current Account -489724.72 -594864.59 EUR Thousand Jun 2026
Current Account to GDP -20.50 -17.10 percent of GDP Dec 2025
Exports 57503.00 53984.00 EUR Thousand Aug 2026
Exports by Category
Exports by Country
Foreign Direct Investment 10180099.91 891118.75 EUR Thousand Dec 2025
Imports 382985.00 431653.00 EUR Thousand Aug 2026
Imports by Category
Imports by Country
Remittances 116165.00 100988.00 EUR Thousand Jun 2026
Terrorism Index 0.00 0.00 Points Dec 2025
Tourist Arrivals YoY 264475.00 244754.00 Aug 2026


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.
Actual Previous Highest Lowest Dates Unit Frequency
-325482.00 -377669.00 176345.00 -396874.00 2007 - 2026 EUR Thousand Monthly

News Stream
Montenegro Trade Deficit Narrows in August
Montenegro’s trade deficit narrowed to €325.5 million in August 2026 from €359.8 million a year earlier. Exports jumped by 49.9% year-on-year to €57.5 million, while imports fell by 3.8% to €383.0 million. On a cumulative basis, the trade deficit widened to €2,620.6 million from €2,555.5 million a year earlier. Exports rose by 2.0% to €372.9 million, driven largely by increased shipments of food and live animals (+120.8%), beverages and tobacco (+15.5%), mineral fuels, lubricants, and related materials (+16.9%), and manufactured goods, classified chiefly by material (+73.4%). Meanwhile, imports grew by 2.5% to €2,993.6 million, lifted by higher purchases of chemicals (+4.5%), animal oils and fats (+3.7%), miscellaneous manufactured articles (+5.3%), and commodities and transactions not classified elsewhere in the SITC (+21.8%). Among trading partners, Europe accounted for the largest share of both exports and imports, representing 94.0% and 79.3%, respectively.
2026-09-29
Montenegro Trade Deficit Widens in July
Montenegro’s trade deficit widened to €378.5 million in July 2026 from €370.9 million a year earlier. Imports rose 3.4% year-on-year to €430 million, while exports jumped 14.3% to €51.5 million. On a cumulative basis, the trade deficit expanded to €2,295.3 million from €2,195.7 million a year earlier. Imports increased by 3.4% to €2,608.2 million, driven largely by stronger purchases of mineral fuels, lubricants, and related materials (+15.6%), chemicals (+5.9%), and miscellaneous manufactured articles (+6.3%). Meanwhile, exports fell by 4.4% to €312.9 million, weighed down by decreased sales of crude materials, inedible, except fuels(-15.6%), chemicals (-17.5%), and machinery and transport equipment (-38.0%). Among trading partners, Europe accounted for the largest share of both exports and imports, representing 93.8% and 79.1%, respectively.
2026-08-28
Montenegro Trade Deficit Hits Record High
Montenegro's trade deficit widened to €396.5 million in June 2026 from €366.4 million a year earlier. This marks the highest trade deficit on record, as imports rose 7.7%, outpacing a 3.2% increase in exports. In the first half of the year, imports increased 3.4% year-on-year to €2,177.9 million, driven mainly by higher purchases of mineral fuels, lubricants and related materials (12.3%), animal oils and fats (8.4%), chemicals (5.9%), and machinery and transport equipment (1.6%). Meanwhile, exports fell 7.4% to €261.4 million, weighed down by lower shipments of machinery and transport equipment (-39.1%), chemicals (-27.6%), and crude materials (-18.4%). Europe remained Montenegro's main trading partner, accounting for 94.3% of exports and 78.8% of imports.
2026-07-30