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

The trade deficit in Montenegro increased to EUR 185.6 million in July of 2017 from a EUR 177.4 million a year ago. Exports soared 9.2 percent year-on-year to EUR 29.96 million and imports advanced at a slower 5.2 percent to EUR 215.57 million. Considering the January to July period, sales jumped 13.6 percent to EUR 196.7 million, mainly led by a 61.5 percent surge in shipments of crude materials and inedible except fuels and a 9.8 percent gain in those of mineral fuels and lubricants. Serbia (18.2 percent of total sales), Hungary (9.4 percent) and Bosnia and Herzegovina (13.3 percent) were the main export partners. Imports rose 8.1 percent to EUR 1278.9 million, driven by purchases of mineral fuels and lubricants (48.3 percent), manufactured goods (17.5 percent), crude materials and inedible except fuels (17 percent) and chemicals (13.4 percent). Serbia (22 percent of total imports), Germany (8.5 percent) and Italy (7.4 percent) were the main import partners. Balance of Trade in Montenegro averaged -125827.28 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.