Montenegro’s trade deficit shrank to €175.1 million in January 2026, down from €200.8 million a year earlier. The narrowing was driven by a 16.3% drop in imports to €204.3 million, led by lower purchases of machinery and transport equipment (-20.4%), manufactured goods (-25%), chemicals (-17.4%), and food and live animals (-8.7%). Exports, however, fell 32.7% to €29.2 million, weighed down by steep declines in mineral fuels, lubricants, and related materials (-44.2%), crude materials (-42.8%), machinery and transport equipment (-47.3%), and food and live animals (-11.0%). source: Statistical Office of Montenegro

Montenegro recorded a trade deficit of 175102 EUR Thousand in January of 2026. Balance of Trade in Montenegro averaged -167981.25 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 -370945.00 EUR Thousand in July of 2025. 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 March of 2026.



Calendar GMT Reference Actual Previous Consensus TEForecast
2026-01-29 10:00 AM
Balance of Trade
Dec €-327.5M €-286.8M
2026-02-27 10:00 AM
Balance of Trade
Jan €-175.1M €-327.5M €-300.0M
2026-03-30 10:00 AM
Balance of Trade
Feb €-175.1M


Related Last Previous Unit Reference
Balance of Trade -175102.00 -327533.00 EUR Thousand Jan 2026
Capital Flows -724633.00 25769.52 EUR Thousand Dec 2025
Current Account -725444.00 35048.00 EUR Thousand Dec 2025
Current Account to GDP -17.50 -11.40 percent of GDP Dec 2024
Exports 29161.00 64607.00 EUR Thousand Jan 2026
Exports by Category
Exports by Country
Foreign Direct Investment 10180099.91 891118.75 EUR Thousand Dec 2025
Imports 204263.00 392140.00 EUR Thousand Jan 2026
Imports by Category
Imports by Country
Remittances 102460.00 104184.00 EUR Thousand Dec 2025
Terrorism Index 0.00 0.00 Points Dec 2024
Tourist Arrivals YoY 32268.00 36079.00 Jan 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
-175102.00 -327533.00 -26293.00 -370945.00 2007 - 2026 EUR Thousand Monthly

News Stream
Montenegro’s Trade Deficit Narrows in January
Montenegro’s trade deficit shrank to €175.1 million in January 2026, down from €200.8 million a year earlier. The narrowing was driven by a 16.3% drop in imports to €204.3 million, led by lower purchases of machinery and transport equipment (-20.4%), manufactured goods (-25%), chemicals (-17.4%), and food and live animals (-8.7%). Exports, however, fell 32.7% to €29.2 million, weighed down by steep declines in mineral fuels, lubricants, and related materials (-44.2%), crude materials (-42.8%), machinery and transport equipment (-47.3%), and food and live animals (-11.0%).
2026-02-27
Montenegro Trade Deficit Widens in November
Montenegro’s trade deficit widened to EUR 276.8 million in November 2025 from EUR 246.4 million in the same period of the previous year. Exports dropped by 26.2% year-on-year to EUR 49.4 million, while imports increased by 4.1% to EUR 326.2 million. From January to November period, the trade deficit expanded to EUR 3,496.2 compared to EUR 3,174.4 million in the corresponding period last year. On a cumulative basis, exports declined by 7.2% to EUR 507.4 million, weighed down by lower shipments in manufactured goods classified chiefly by material (-24.4%), machinery and transport equipment (-21.9%), beverages and tobacco (-12.1%), and animals oils and fats (-15.1%). Meanwhile, imports rose by 7.6% to EUR 4,003.7 million, driven by higher arrivals of animals oils and fats (18.3%), machinery and transport equipment (10.3%), and beverages and tobacco (9.7%).
2025-12-26
Montenegro Trade Deficit Widens in October
Montenegro’s trade deficit widened to EUR 351.1 million in October 2025 from EUR 312.5 million in the corresponding month of the previous year. Exports fell by 6.5% year-on-year to EUR 43.7 million, while imports climbed by 9.9% to EUR 394.8 million. From January to October, the trade deficit increased to EUR 3,219.4 million in the same period last year. On a cumulative basis, exports decreased by 4.5% to EUR 458.1 million, dragged down by declines in machinery and transport equipment (-32.2%), manufactured goods classified by material (-17.1%), and beverages and tobacco (-8.1%). Meanwhile, imports grew by 7.9% to EUR 3,677.5 million, driven by higher purchases of beverages and tobacco (+10.1%), machinery and transport equipment (+10.1%), and food and live animals (+7.7%).
2025-11-27