Montenegro recorded a trade deficit of 210401 EUR Thousand in April of 2022. source: Statistical Office of Montenegro

Balance of Trade in Montenegro averaged -139324.39 EUR Thousand from 2007 until 2022, reaching an all time high of -26293 EUR Thousand in January of 2007 and a record low of -235494 EUR Thousand in July of 2021. 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 July of 2022.

Balance of Trade in Montenegro is expected to be -193700.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Montenegro Balance of Trade is projected to trend around -193700.00 EUR Thousand in 2023, according to our econometric models.

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Montenegro Balance of Trade

Calendar GMT Actual Previous Consensus TEForecast
2022-05-30 09:00 AM Apr €-210M €-214M
2022-06-30 09:00 AM May €-229M €-212M €-218M
2022-07-29 09:00 AM Jun € -193.7M

Related Last Previous Unit Reference
Balance of Trade -210401.00 -214563.00 EUR Thousand Apr 2022
Exports 57558.00 79595.40 EUR Thousand May 2022
Tourist Arrivals 111455.00 72203.00 May 2022

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
-210401.00 -214563.00 -26293.00 -235494.00 2007 - 2022 EUR Thousand Monthly