Montenegro Balance of Trade

Last Release

Sep 30, 2025

Actual

-344,828

Units In

EUR Thousand

-351,918

Frequency

Monthly

Next Release

Nov 27, 2025

Time to Release

26 Days 12 Hours

Highest	Lowest	Average	Date Range	Source
-26,293 Jan 2007	-364,218 Jul 2025	-165,067.45 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 significantly to EUR 344.8 million in September 2025 from EUR 288.6 million in the corresponding month of the previous year. Exports fell by 4.9% year-on-year to EUR 47.2 million, while imports advanced 15.9% to EUR 392 million. From January to August, the trade deficit increased to EUR 2,866.8 million in the same period last year. On a cumulative basis, exports fell by 4.7% to EUR 412.9 million, dragged down by declines in machinery and transport equipment (-30.2%), manufactured goods classified by material (-20.4%), and beverages and tobacco (-16.5%). Meanwhile, imports increased by 7.6% to EUR 3,279.6 million, driven by higher purchases of beverages and tobacco (+9.9%), miscellaneous manufactured articles (+9.8%), and food and live animals (+8.8%).