Exports from Montenegro advanced 28.1 percent year-on-year to EUR 37.2 million in November of 2018. Considering the January to November period, the trade gap widened to EUR 1,972 million from EUR 1,737 million in the same period of 2017, exports rose 8.6 percent to EUR 363.9 million, mainly driven by higher sales of manufactured goods classified chiefly by material (+7.8 percent); mineral fuels, lubricants and related materials (+73.8 percent) and chemicals (+69.5 percent). On the other hand, shipments fell for crude materials, inedible, except fuels (-19.5 percent) and machinery and transport equipment (-20.4 percent). Exports in Montenegro averaged 31214.33 EUR Thousand from 2007 until 2018, reaching an all time high of 52965.30 EUR Thousand in March of 2007 and a record low of 11428 EUR Thousand in May of 2009.

Exports in Montenegro is expected to be 37800.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Exports in Montenegro to stand at 32366.60 in 12 months time. In the long-term, the Montenegro Exports is projected to trend around 42500.00 EUR Thousand in 2020, according to our econometric models.

Montenegro Exports
Forecast Data Chart
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Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -162776.00 -212757.00 -26293.00 -222421.00 EUR Thousand [+]
Current Account 197506.66 -309278.77 292356.68 -493338.85 EUR Thousand [+]
Current Account to GDP -19.10 -13.30 -7.40 -44.23 percent [+]
Imports 199979.53 246077.92 264187.00 65304.00 EUR Thousand [+]
Exports 37203.00 33321.00 52965.30 11428.00 EUR Thousand [+]
Capital Flows -116494.04 -261832.15 542738.38 -375901.87 EUR Thousand [+]
Tourist Arrivals 39580.00 78678.00 194968.00 10322.00 [+]
Terrorism Index 0.08 0.15 1.45 0.00 [+]
Remittances 60049.75 60539.25 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 Exports

Montenegro’s export sector is driven by its manufacturing base. Montenegro’s main exports are non-ferrous metals, electricity, metalliferous ores and metal scrap, iron and steel, beverages, cork and wood and energy and petroleum products. Montenegro’s main export partners are Serbia, Hungary, Croatia, Greece, Germany, Italy, Bosnia and Herzegovina, Albania and Turkey. This page provides the latest reported value for - Montenegro Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Montenegro Exports - actual data, historical chart and calendar of releases - was last updated on January of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
37203.00 33321.00 52965.30 11428.00 2007 - 2018 EUR Thousand Monthly