The trade deficit in Montenegro increased to EUR 175 million in September of 2018 from EUR 163 million in the corresponding month of the previous year. Imports rose 6.1 percent to EUR 205.5 million and exports went down 0.9 percent to EUR 30.5 million. Considering the January to September period of 2018, the trade gap widened to EUR 1,599 million from EUR 1,407 million in the same period of 2018. Imports advanced 12.5 percent to EUR 1,890 million, driven by purchases of machinery & transport equipment (+27.8 percent); manufactured goods (+14.4 percent) and food & live animals (+4.5 percent). Meanwhile, exports rose at a softer 6.3 percent to EUR 291.2 million, boosted by higher sales of manufactured goods (+8.6 percent) and mineral fuels, lubricants & related materials (+64.9 percent). Balance of Trade in Montenegro averaged -130703.11 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
2018-08-27 10:10 AM Balance of Trade €-220.3M €-202.4M €-170M
2018-09-25 10:30 AM Balance of Trade €-197.5M €-220.4M €-192M
2018-10-25 10:15 AM Balance of Trade €-175M €-197.8M €-188M
2018-11-26 10:00 AM Balance of Trade €-175M €-215M
2018-12-26 10:00 AM Balance of Trade €-183M


Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -174987.00 -197777.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 30474.00 30993.00 52965.30 11428.00 EUR Thousand [+]
Imports 205461.00 228770.00 264187.00 65304.00 EUR Thousand [+]
Current Account -308371.90 -304210.61 292356.68 -493338.85 EUR Thousand [+]
Current Account to GDP -19.10 -13.30 -7.40 -44.23 percent [+]
Capital Flows -303771.85 -151099.78 542738.38 -375901.87 EUR Thousand [+]
Tourist Arrivals 146829.00 194968.00 194968.00 10322.00 [+]
Terrorism Index 0.08 0.15 1.45 0.00 [+]
Remittances 60539.25 46051.10 60539.25 35725.82 EUR Thousand [+]
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 November of 2018.

Actual Previous Highest Lowest Dates Unit Frequency
-174987.00 -197777.00 -26293.00 -222421.00 2007 - 2018 EUR Thousand Monthly




Country Last
Argentina 314.00 Sep/18
Australia 3017.00 Sep/18
Brazil 6121.36 Oct/18
Canada -416.30 Sep/18
China 340.16 Oct/18
Euro Area 13141.70 Sep/18
France -5663.00 Sep/18
Germany 18395.00 Sep/18
India -17130.00 Oct/18
Indonesia -1819.90 Oct/18
Italy 2564.00 Aug/18
Japan 139.56 Sep/18
Mexico -194.00 Sep/18
Netherlands 4949.00 Sep/18
Russia 18485.00 Sep/18
Saudi Arabia 162782.00 Jun/18
Singapore 3685.26 Sep/18
South Africa -2950.00 Sep/18
South Korea 6552.00 Oct/18
Spain -3057300.00 Aug/18
Switzerland 1447.00 Sep/18
Turkey -1869.47 Sep/18
United Kingdom -27.00 Sep/18
United States -54019.00 Sep/18


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