Montenegro Balance of Trade  2007-2017 | Data | Chart | Calendar

The trade deficit in Montenegro decreased to €159.1 million in August 2017 from €169.2 million a year ago. Exports expanded 54% year-on-year to €45.3 million and imports advanced at a slower 3% to €204.5 million. Considering the January to August period, the country's trade deficit widened to €1245 million from a €1179 million gap in the same period 2016. Sales jumped 19.5% to €242.1 million, mainly led by a 54.3% rise in shipments of crude materials and inedible except fuels; a 10.2% gain in manufactured goods and a 76.3% gain in sales of machinery and transport equipment. Main export partners were Serbia (25.2% of total sales), Hungary (10.7%) and Bosnia-Herzegovina (8.2%). Imports went up 7.6% to €204.5 million, driven by purchases of manufactured goods (17.2%); mineral fuels, lubricants and related materials (43%) and chemicals (12.1%). Main partners in imports were Serbia (22.2% of total imports), Germany (10.5%) and Italy (7.4%). Balance of Trade in Montenegro averaged -126087.63 EUR Thousand from 2007 until 2017, 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
2017-07-25 09:00 AM Balance of Trade €-187.3M €-180.8M €-158.7M
2017-08-25 09:40 AM Balance of Trade €-185.6M €-188.8M €-172M
2017-09-26 07:55 AM Balance of Trade €-159.1M €-186.6M €-174M
2017-10-25 09:00 AM Balance of Trade €-159.1M €-148M
2017-11-27 10:00 AM Balance of Trade
2017-12-25 10:00 AM Balance of Trade

Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -159152.00 -186649.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 45328.50 29984.40 52965.30 11428.00 EUR Thousand [+]
Imports 204480.40 216633.40 264187.00 65304.00 EUR Thousand [+]
Current Account -310215.08 -321050.51 284182.55 -493338.85 EUR Thousand [+]
Current Account to GDP -13.30 -15.20 -7.40 -44.23 percent [+]
Capital Flows 201237.92 241390.36 542738.38 -267376.90 EUR Thousand [+]
Tourist Arrivals 178788.00 166642.00 178788.00 10322.00 [+]
Terrorism Index 0.15 0.66 1.45 0.00 [+]
Foreign Direct Investment 757435.19 498084.31 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 October of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-159152.00 -186649.00 -26293.00 -222421.00 2007 - 2017 EUR Thousand Monthly

balance of trade by Country

Australia 989.00 Aug/17
Brazil 5178.00 Sep/17
Canada -3413.40 Aug/17
China 286.10 Sep/17
Euro Area 16086.90 Aug/17
France -4514.00 Aug/17
Germany 20000.00 Aug/17
India -8984.29 Sep/17
Indonesia 1760.00 Sep/17
Italy 2769.02 Aug/17
Japan 670.17 Sep/17
Mexico -2732.00 Aug/17
Netherlands 4073.00 Aug/17
Russia 6612.00 Aug/17
South Korea 13800.00 Sep/17
Spain -3226685.00 Aug/17
Switzerland 2917.62 Sep/17
Turkey -5873.11 Aug/17
United Kingdom -5626.00 Aug/17
United States -42395.00 Aug/17