Montenegro Trade Gap Widens in May

2026-06-29 09:22 By Mariene Camarillo 1 min. read

Montenegro’s trade deficit widened to €348.7 million in May 2026 from €338.2 million in the same month last year.

Exports rose 7.5% year-on-year to €39.1 million, while imports grew 3.5% to €387.7 million.

On a cumulative basis, the trade deficit expanded to €1,512.8 million from €1,458.4 million a year earlier.

Exports fell 9.4% to €214.8 million, weighed down by lower sales of crude materials (-19.8%), chemicals (-35.4%), machinery and transport equipment (-39.3%), and miscellaneous manufactured articles (-9.2%).

Meanwhile, imports increased 1.9% to €1,727.6 million, driven largely by stronger purchases of beverages and tobacco (+6.6%), animal oils and fats (+26.9%), minerals, fuels, and related materials (+7.5%), and chemicals (+5.5%).

Among trading partners, Europe accounted for the largest share of both exports and imports, representing 94.5% and 78.7%, respectively.



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