Montenegro Balance of Trade

Last Release

Feb 28, 2025

Actual

-269,307

Units In

EUR Thousand

-197,174

Frequency

Monthly

Next Release

May 29, 2025

Time to Release

29 Days 17 Hours

Highest	Lowest	Average	Date Range	Source
-26,293 Jan 2007	-352,174 Jul 2024	-159,395.46 EUR Thousand	2007-2025	Statistical Office of Montenegro

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. .

Latest Updates

Montenegro's trade deficit widened to EUR 313.9 million in March 2025 from EUR 286.1 million in the corresponding month of the previous year. Year-on-year, exports increased by 24.3% to EUR 53.2 million, while imports rose by 11.6% to EUR 367.2 million. Considering January to March of 2025, exports dropped by 0.5% compared to the same period a year earlier to EUR 150.1 million, weighed down by lower sales of manufactured goods classified chiefly by material (-45.7%), beverages and tobacco (-42.9%), and machinery and transport equipment (-38.1%). Meanwhile, imports grew by 8.1% to EUR 934.1 million, primarily driven by higher purchases of animal oils and fats (27.1%), mineral fuels, lubricants and related materials (20%), miscellaneous manufactured articles (10.2%), and beverages and tobacco (9.8%)