Montenegro Balance of Trade  2007-2018 | Data | Chart | Calendar

The trade deficit in Montenegro increased to EUR 185.1 million in April of 2018 from EUR 153.9 million in the same month a year earlier. Exports surged 14.5 pct to EUR 35.3 million and imports advanced 19.3 pct to EUR 220.3 million. Considering the January to April period, the trade deficit widened by 12.3 pct to EUR 593.2 million from EUR 528.2 million in the same period of the previous year. Purchases grew 12.7 pct year-on-year in January to April 2018 to EUR 722.4 million, driven by machinery & transport equipment (40.3 pct), namely road vehicles (17.7 pct) and electrical machinery & appliances (36.7 pct). Serbia (21.5 pct of total purchases), China (9.2 pct) and Germany (8.5 pct) were the main import partners. Meanwhile, sales rose 14.3 pct to EUR 129.2 million, mainly due to manufactured goods (+9.8 percent) and machinery & transport equipment (+43.2 percent). Serbia (17.8 pct of total exports), Bosnia and Herzegovina (12.7 pct) and Hungary (8.5 pct) were the main export partners. Balance of Trade in Montenegro averaged -128110.38 EUR Thousand from 2007 until 2018, 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
2018-03-26 09:00 AM Balance of Trade €-130.9M €-94.7M €-141.8M
2018-04-25 09:00 AM Balance of Trade €-181.9M €-131.6M €-176M
2018-05-25 09:30 AM Balance of Trade €-185.1M €-181.9M €-162M
2018-06-25 09:00 AM Balance of Trade €-185.1M €-170M
2018-07-25 09:00 AM Balance of Trade € -188.4M
2018-08-27 09:00 AM Balance of Trade

Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -185062.00 -181909.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 35281.00 38041.20 52965.30 11428.00 EUR Thousand [+]
Imports 220342.00 219971.00 264187.00 65304.00 EUR Thousand [+]
Current Account -304467.52 -375706.99 292356.68 -493338.85 EUR Thousand [+]
Current Account to GDP -19.10 -13.30 -7.40 -44.23 percent [+]
Capital Flows -182314.33 -390598.82 542738.38 -390598.82 EUR Thousand [+]
Tourist Arrivals 34531.00 25283.00 178788.00 10322.00 [+]
Terrorism Index 0.08 0.15 1.45 0.00 [+]
Foreign Direct Investment 659232.90 687154.00 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 June of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-185062.00 -181909.00 -26293.00 -222421.00 2007 - 2018 EUR Thousand Monthly

balance of trade by Country
Country Last
Australia 977.00 Apr/18
Brazil 5981.00 May/18
Canada -1902.20 Apr/18
China 249.22 May/18
Euro Area 16704.70 Apr/18
France -4954.00 Apr/18
Germany 20413.00 Apr/18
India -14620.00 May/18
Indonesia -1629.30 Apr/18
Italy 2937.96 Apr/18
Japan -578.32 May/18
Mexico -289.15 Apr/18
Netherlands 3841.00 Apr/18
Russia 15316.00 Apr/18
South Korea 6732.00 May/18
Spain -3050045.00 Apr/18
Switzerland 2255.00 May/18
Turkey -6690.00 Apr/18
United Kingdom -5280.00 Apr/18
United States -46199.00 Apr/18