Montenegro Balance of Trade

Last Release

Oct 31, 2025

Actual

-351,108

Units In

EUR Thousand

-345,979

Frequency

Monthly

Next Release

Dec 25, 2025

Time to Release

26 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
-26,293 Jan 2007	-364,218 Jul 2025	-165,899.41 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 351.1 million in October 2025 from EUR 312.5 million in the corresponding month of the previous year. Exports fell by 6.5% year-on-year to EUR 43.7 million, while imports climbed by 9.9% to EUR 394.8 million. From January to October, the trade deficit increased to EUR 3,219.4 million in the same period last year. On a cumulative basis, exports decreased by 4.5% to EUR 458.1 million, dragged down by declines in machinery and transport equipment (-32.2%), manufactured goods classified by material (-17.1%), and beverages and tobacco (-8.1%). Meanwhile, imports grew by 7.9% to EUR 3,677.5 million, driven by higher purchases of beverages and tobacco (+10.1%), machinery and transport equipment (10.1%), and food and live animals (+7.7%).