Montenegro Balance of Trade  2007-2017 | Data | Chart | Calendar

The trade deficit in Montenegro rose to EUR 126.7 million in February of 2017 from a EUR 109.7 million gap a year earlier. Year-on-year, exports and imports jumped 15.4 percent to EUR 26.1 million and EUR 152.7 million, respectively. In the first two months of the year, trade gap widened to 203.6 million from 178.1 million a year ago. Sales advanced 30.1 percent, led by crude material, inedible, except fuels (134.7 percent); manufactured goods (8 percent); mineral fuels, lubricants and raw materials (38 percent); machinery and transport equipment (23.2 percent) and food (24.4 percent). Export went up to: Bosnia and Herzegovina (176 percent) and Slovenia (29.5 percent). Imports rose 17.1 percent, boosted by chemicals (16.9 percent); manufactured goods (28.8 percent); minerals fuels, lubricants and related materials (61.4 percent), machinery and transport equipment (14.5 percent). Imports rose from Serbia (15 percent) and Bosnia and Herzegovina (46.8 percent) and Germany (17.7 percent). Balance of Trade in Montenegro averaged -123682.86 EUR Thousand from 2007 until 2017, 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.

Montenegro Balance of Trade
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2017-01-25 10:10 AM Dec €-141M €-133M €-122M
2017-02-27 10:15 AM Jan €-70M €-141M €-72M
2017-03-27 09:45 AM Feb €-126.7M €-76.9M €-107M
2017-04-25 09:00 AM Mar €-126.7M
2017-05-25 09:05 AM Apr
2017-06-26 09:00 AM May




Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -126665.00 -76952.00 -26293.00 -222421.00 EUR Thousand [+]
Exports 26073.00 24237.00 52965.00 11428.00 EUR Thousand [+]
Imports 152738.00 101188.00 264187.00 65304.00 EUR Thousand [+]
Current Account -295140.27 243716.04 284182.55 -493338.85 EUR Thousand [+]
Current Account to GDP -12.90 -17.65 -7.40 -44.23 percent [+]
Capital Flows 294969.92 -196732.75 542738.38 -210291.59 EUR Thousand [+]
Tourist Arrivals 180.90 231.20 5833.00 64.00 Hundreds [+]
Terrorism Index 0.15 0.66 1.45 0.00 [+]
Foreign Direct Investment 757435.19 498084.31 1223999.76 479191.48 EUR Thousand [+]



Montenegro Balance of Trade Notes

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 March of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
-126665.00 -76952.00 -26293.00 -222421.00 2007 - 2017 EUR Thousand Monthly



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Australia 1302.00 Jan/17
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Germany 14800.00 Jan/17
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Guinea 32.97 Sep/16
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Japan 813.40 Feb/17
Jordan -709700.00 Jan/17
Kazakhstan 1289.20 Jan/17
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Kuwait 1693.00 Dec/16
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Laos -339.15 Jun/16
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Liechtenstein 343493.00 Dec/16
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Macau -5586600.00 Jan/17
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Madagascar 20810.00 Dec/16
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Malaysia 4711.86 Jan/17
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Mexico 684.00 Feb/17
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Mongolia 183.00 Feb/17
Montenegro -126665.00 Feb/17
Morocco -16689.00 Dec/16
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Netherlands 4582.00 Jan/17
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Niger -108402.00 Sep/16
Nigeria 227044.30 Dec/16
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Norway 23539.00 Feb/17
Oman 205.90 Nov/16
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Papua New Guinea 4593.00 Sep/16
Paraguay 100105.00 Feb/17
Peru 150.00 Jan/17
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Singapore 7752.90 Feb/17
Slovakia 152.00 Jan/17
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Spain -3134000.00 Jan/17
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Suriname 154.40 Dec/16
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Sweden 0.00 Feb/17
Switzerland 3105.00 Feb/17
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Thailand 1610.00 Feb/17
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Tunisia 1288.80 Feb/17
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Ukraine -86.70 Jan/17
United Arab Emirates 250900.00 Dec/16
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