Montenegro's trade deficit widened to €396.5 million in June 2026 from €366.4 million a year earlier, 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. source: Statistical Office of Montenegro

Montenegro recorded a trade deficit of 396535 EUR Thousand in June of 2026. Balance of Trade in Montenegro averaged -171811.50 EUR Thousand from 2007 until 2026, reaching an all time high of -26293.00 EUR Thousand in January of 2007 and a record low of -396535.00 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 August of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-06-29 09:00 AM
Balance of Trade
May €-348.7M €-346.3M €-350.0M
2026-07-30 09:00 AM
Balance of Trade
Jun €-396.5M €-355.6M €-355.0M
2026-08-28 09:00 AM
Balance of Trade
Jul €-396.5M


Related Last Previous Unit Reference
Balance of Trade -396535.00 -348679.00 EUR Thousand Jun 2026
Capital Flows -588092.00 -724632.00 EUR Thousand Mar 2026
Current Account -594864.59 -725443.68 EUR Thousand Mar 2026
Current Account to GDP -20.50 -17.10 percent of GDP Dec 2025
Exports 46684.00 39064.00 EUR Thousand Jun 2026
Exports by Category
Exports by Country
Foreign Direct Investment 10180099.91 891118.75 EUR Thousand Dec 2025
Imports 443219.00 394687.00 EUR Thousand Jun 2026
Imports by Category
Imports by Country
Remittances 100988.00 102460.00 EUR Thousand Mar 2026
Terrorism Index 0.00 0.00 Points Dec 2025
Tourist Arrivals YoY 206990.00 169877.00 Jun 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
-396535.00 -348679.00 -26293.00 -396535.00 2007 - 2026 EUR Thousand Monthly

News Stream
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
Montenegro Trade Gap Widens in May
Montenegro’s trade deficit widened to €348.7 million in May 2026 from €338.2 million in the same month last year. Exports rose 7.5% year-on-year to €39.1 million, while imports grew 3.5% to €387.7 million. On a cumulative basis, the trade deficit expanded to €1,512.8 million from €1,458.4 million a year earlier. Exports fell 9.4% to €214.8 million, weighed down by lower sales of crude materials (-19.8%), chemicals (-35.4%), machinery and transport equipment (-39.3%), and miscellaneous manufactured articles (-9.2%). Meanwhile, imports increased 1.9% to €1,727.6 million, driven largely by stronger purchases of beverages and tobacco (+6.6%), animal oils and fats (+26.9%), minerals, fuels, and related materials (+7.5%), and chemicals (+5.5%). Among trading partners, Europe accounted for the largest share of both exports and imports, representing 94.5% and 78.7%, respectively.
2026-06-29
Montenegro Trade Gap Widens in February
Montenegro’s trade deficit widened to €289.1 million in February 2026 from €274.3 million in the same month last year. Exports fell 11.4% year-on-year to €47.5 million, while imports rose 2.6% to €336.5 million. On a cumulative basis, the trade deficit narrowed to €465.3 million from €475.1 million a year earlier. Exports dropped 20.9% to €76.6 million, weighed down by lower sales of crude materials (-29.7%), mineral fuels (-4.4%), chemicals (-21.5%), and machinery and transport equipment (-61.1%). Meanwhile, imports declined 5.2% to €542.0 million, with weaker purchases of crude materials (-6.5%), mineral fuels (-18.3%), animal oils and fats (-2.9%), chemicals (-5.2%), and food and live animals (-0.6%). Among trading partners, Europe accounted for the largest share of both exports and imports, representing 95.2% and 76.9%, respectively.
2026-03-30