Montenegro recorded a trade deficit of 181800 EUR Thousand in March of 2019. Balance of Trade in Montenegro averaged -132069.31 EUR Thousand from 2007 until 2019, 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.

Balance of Trade in Montenegro is expected to be -187700.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Montenegro to stand at -194000.00 in 12 months time. In the long-term, the Montenegro Balance of Trade is projected to trend around -193700.00 EUR Thousand in 2020, according to our econometric models.

Montenegro Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-01-25 10:00 AM Balance of Trade €-181.7M €-162.9M €-211M
2019-02-28 10:00 AM Balance of Trade €-102.1M €-181.7M €-105M
2019-03-29 11:40 AM Balance of Trade €-147.7M €-100.5M €-145M
2019-04-30 10:05 AM Balance of Trade €-181.8M €-147.7M €-185M
2019-05-31 09:00 AM Balance of Trade €-181.8M €-186M
2019-06-28 09:00 AM Balance of Trade
2019-07-29 09:00 AM Balance of Trade

Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -181800.00 -147681.00 -26293.00 -222421.00 EUR Thousand [+]
Current Account -317621.00 -374453.00 292018.00 -493338.85 EUR Thousand [+]
Current Account to GDP -18.50 -18.90 -7.40 -44.23 percent [+]
Imports 215253.00 179759.00 264187.00 65304.00 EUR Thousand [+]
Exports 33408.00 32030.00 52965.30 11428.00 EUR Thousand [+]
Capital Flows -291592.00 -396071.00 542738.38 -396071.00 EUR Thousand [+]
Tourist Arrivals 56219.00 38741.00 194968.00 10322.00 [+]
Terrorism Index 0.04 0.08 1.45 0.00 [+]
Remittances 61480.91 60049.75 61480.91 35725.82 EUR Thousand [+]
Foreign Direct Investment 757435.20 843101.10 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 May of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-181800.00 -147681.00 -26293.00 -222421.00 2007 - 2019 EUR Thousand Monthly

Country Last Previous
Argentina 1131.00 Apr/19
Australia 4949.00 Mar/19
Brazil 6060.00 Apr/19
Canada -3211.20 Mar/19
China 138.34 Apr/19
Euro Area 22532.90 Mar/19
France -5324.00 Mar/19
Germany 22683.00 Mar/19
India -15330.00 Apr/19
Indonesia -2501.90 Apr/19
Italy 4625.00 Mar/19
Japan 60.40 Apr/19
Mexico 1370.00 Apr/19
Netherlands 5330.00 Mar/19
Russia 15537.00 Mar/19
Saudi Arabia 180059.00 Dec/18
Singapore 2782.79 Apr/19
South Africa 5004.63 Mar/19
South Korea 4120.00 Apr/19
Spain -2352600.00 Mar/19
Switzerland 2494.00 Mar/19
Turkey -2136.73 Mar/19
United Kingdom -5408.00 Mar/19
United States -50000.00 Mar/19