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

The trade deficit in Montenegro increased to EUR 185.6 million in July of 2017 from a EUR 177.4 million a year ago. Exports soared 9.2 percent year-on-year to EUR 29.96 million and imports advanced at a slower 5.2 percent to EUR 215.57 million. Considering the January to July period, sales jumped 13.6 percent to EUR 196.7 million, mainly led by a 61.5 percent surge in shipments of crude materials and inedible except fuels and a 9.8 percent gain in those of mineral fuels and lubricants. Serbia (18.2 percent of total sales), Hungary (9.4 percent) and Bosnia and Herzegovina (13.3 percent) were the main export partners. Imports rose 8.1 percent to EUR 1278.9 million, driven by purchases of mineral fuels and lubricants (48.3 percent), manufactured goods (17.5 percent), crude materials and inedible except fuels (17 percent) and chemicals (13.4 percent). Serbia (22 percent of total imports), Germany (8.5 percent) and Italy (7.4 percent) were the main import partners. Balance of Trade in Montenegro averaged -125827.28 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 Actual Previous Consensus TEForecast
2017-06-26 09:00 AM Balance of Trade €-179.6M €-151.1M €-182M
2017-07-25 09:00 AM Balance of Trade €-187.3M €-180.8M €-158.7M
2017-08-25 09:40 AM Balance of Trade €-185.6M €-188.8M €-172M
2017-09-26 09:00 AM Balance of Trade €-185.6M €-174M
2017-10-25 09:00 AM Balance of Trade
2017-11-27 10:00 AM Balance of Trade

Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -185611.00 -188790.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 29956.10 25017.00 52965.30 11428.00 EUR Thousand [+]
Imports 215567.20 213806.00 264187.00 65304.00 EUR Thousand [+]
Current Account -310215.08 -321050.51 284182.55 -493338.85 EUR Thousand [+]
Current Account to GDP -13.30 -15.20 -7.40 -44.23 percent [+]
Capital Flows 201237.92 241390.36 542738.38 -267376.90 EUR Thousand [+]
Tourist Arrivals 166642.00 129918.00 166642.00 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 September of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-185611.00 -188790.00 -26293.00 -222421.00 2007 - 2017 EUR Thousand Monthly

balance of trade by Country

Australia 460.00 Jul/17
Brazil 5599.00 Aug/17
Canada -3040.40 Jul/17
China 419.92 Aug/17
Euro Area 23156.00 Jul/17
France -5968.00 Jul/17
Germany 19500.00 Jul/17
India -11643.96 Aug/17
Indonesia 1722.60 Aug/17
Italy 6560.39 Jul/17
Japan 113.60 Aug/17
Mexico -1522.60 Jul/17
Netherlands 4711.00 Jul/17
Russia 3970.00 Jul/17
South Korea 7013.00 Aug/17
Spain -1259000.00 Jun/17
Switzerland 3511.05 Jul/17
Turkey -8842.94 Jul/17
United Kingdom -2872.00 Jul/17
United States -43689.00 Jul/17