Montenegro recorded a trade deficit of 223080 EUR Thousand in July of 2019. Balance of Trade in Montenegro averaged -134132.31 EUR Thousand from 2007 until 2019, reaching an all time high of -26293 EUR Thousand in January of 2007 and a record low of -223080 EUR Thousand in July of 2019.

Balance of Trade in Montenegro is expected to be -171625.52 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Montenegro to stand at -194000.00 in 12 months time. In the long-term, the Montenegro Balance of Trade is projected to trend around -193700.00 EUR Thousand in 2020, according to our econometric models.

Montenegro Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-05-31 10:15 AM Balance of Trade Apr €-209.7M €-181.9M €-186M
2019-06-28 09:00 AM Balance of Trade May €-209.4M €-210.1M €-180M
2019-07-29 09:00 AM Balance of Trade Jun €-197.9M €-209.0M €-195M
2019-08-30 09:00 AM Balance of Trade Jul €-223.1M €-198.2M €-209M
2019-09-27 09:00 AM Balance of Trade Aug €-223.1M
2019-10-25 09:00 AM Balance of Trade Sep
2019-11-29 10:00 AM Balance of Trade Oct

Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -223080.00 -198236.00 -26293.00 -223080.00 EUR Thousand [+]
Current Account -327554.00 -316766.00 292018.00 -493338.85 EUR Thousand [+]
Current Account to GDP -18.50 -18.90 -7.40 -44.23 percent [+]
Imports 259593.17 235012.61 264187.00 65304.00 EUR Thousand [+]
Exports 36513.48 36776.70 52965.30 11428.00 EUR Thousand [+]
Capital Flows -243533.79 -311291.84 542738.38 -397312.32 EUR Thousand [+]
Tourist Arrivals 190322.00 160395.00 194968.00 10322.00 [+]
Terrorism Index 0.04 0.08 1.45 0.00 [+]
Remittances 60198.25 50386.49 61480.91 35725.82 EUR Thousand [+]
Foreign Direct Investment 858113.20 659232.90 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 September of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-223080.00 -198236.00 -26293.00 -223080.00 2007 - 2019 EUR Thousand Monthly

Country Last Previous
Argentina 951.00 Jul/19
Australia 7268.00 Jul/19
Brazil 3280.00 Aug/19
Canada -1124.40 Jul/19
China 348.30 Aug/19
Euro Area 24789.70 Jul/19
France -4607.00 Jul/19
Germany 21449.00 Jul/19
India -13450.00 Aug/19
Indonesia 85.10 Aug/19
Italy 5728.50 Jun/19
Japan -249.59 Jul/19
Mexico -1117.00 Jul/19
Netherlands 4127.00 Jul/19
Russia 11224.00 Jul/19
Saudi Arabia 131636.00 Mar/19
Singapore 3787.80 Aug/19
South Africa -2880.82 Jul/19
South Korea 1723.00 Aug/19
Spain -1532700.00 Jun/19
Switzerland 2671.16 Jul/19
Turkey -3191.93 Jul/19
United Kingdom -219.00 Jul/19
United States -53989.00 Jul/19