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.