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

The trade deficit in Montenegro decreased to EUR 151.3 million in April of 2017 from a EUR 158.8 million gap a year ago. Exports increased 5.9 percent to EUR 30.7 million while imports fell 3.1 percent to EUR 182.1 million. Considering January to April, trade gap widened to EUR 523.2 million from EUR 477.7 million a year earlier. Exports rose 28.2 percent, led by crude materials (107.1 percent); manufactured goods (6 percent), mineral fuels, lubricants and raw materials (52.3 percent) and food (24.4 percent). Sales went up for Bosnia and Herzegovina (216.5 percent), Kosovo (15 percent) and Slovenia (60.6 percent). Imports advanced 12.4 percent, led by chemicals (14.7 percent); manufactured goods (7.7 percent); minerals fuels (50 percent) and machinery and transport equipment (16.9 percent). Purchases increased from Serbia (9.3 percent), Bosnia and Herzegovina (16.5 percent) and Germany (19.6 percent). Balance of Trade in Montenegro averaged -124127.01 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.

Montenegro Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-03-27 09:45 AM Feb €-126.7M €-76.9M €-107M
2017-04-25 09:00 AM Mar €-165.3M €-127.5M €-142M
2017-05-25 09:10 AM Apr €-151.3M €-167.3M €-156.6M
2017-06-26 09:00 AM May €-151.3M
2017-07-25 09:00 AM Jun
2017-08-25 10:00 AM Jul




Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -151346.00 -167273.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 30717.00 31500.00 52965.30 11428.00 EUR Thousand [+]
Imports 182063.00 198773.00 264187.00 65304.00 EUR Thousand [+]
Current Account -318474.50 -290175.93 284182.55 -493338.85 EUR Thousand [+]
Current Account to GDP -12.90 -17.65 -7.40 -44.23 percent [+]
Capital Flows -241390.36 -295398.02 542738.38 -295398.02 EUR Thousand [+]
Tourist Arrivals 27294.00 20374.00 155986.00 10322.00 [+]
Terrorism Index 0.15 0.66 1.45 0.00 [+]
Foreign Direct Investment 757435.19 498084.31 1223999.76 479191.48 EUR Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category



Montenegro Balance of Trade Notes

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 May of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-151346.00 -167273.00 -26293.00 -222421.00 2007 - 2017 EUR Thousand Monthly



balance of trade by Country

Last
Australia 3107.00 Mar/17
Brazil 6969.00 Apr/17
Canada -134.70 Mar/17
China 380.48 Apr/17
Euro Area 30899.90 Mar/17
France -5353.00 Mar/17
Germany 25385.00 Mar/17
India -13249.19 Apr/17
Indonesia 1238.30 Apr/17
Italy 5418.04 Mar/17
Japan 481.75 Apr/17
Mexico 616.79 Apr/17
Netherlands 6719.00 Mar/17
Russia 12598.00 Mar/17
South Korea 13254.00 Apr/17
Spain -1458000.00 Mar/17
Switzerland 1968.25 Apr/17
Turkey -4492.00 Mar/17
United Kingdom -4900.00 Mar/17
United States -43706.00 Mar/17