Montenegro's trade deficit widened to EUR 338 million in June of 2022, from EUR 206 million in the same month of the previous year, as imports soared 58.5 percent to EUR 384 million and exports rose a slower 29.5 percent to EUR 47 million. source: Statistical Office of Montenegro

Balance of Trade in Montenegro averaged -140870.84 EUR Thousand from 2007 until 2022, reaching an all time high of -26293 EUR Thousand in January of 2007 and a record low of -337540.20 EUR Thousand in June of 2022. 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 August 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
2022-06-30 09:00 AM May €-229M €-212M €-218M
2022-07-29 09:00 AM Jun €-338M €-229M € -193.7M
2022-08-30 09:00 AM Jul

Related Last Previous Unit Reference
Balance of Trade -337540.20 -228747.70 EUR Thousand Jun 2022
Exports 46527.40 57569.90 EUR Thousand Jun 2022
Tourist Arrivals 128418.00 111455.00 Jun 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
-337540.20 -228747.70 -26293.00 -337540.20 2007 - 2022 EUR Thousand Monthly