Montenegro Balance of Trade

Last Release

Jun 30, 2025

Actual

-357,198

Units In

EUR Thousand

-330,354

Frequency

Monthly

Next Release

Aug 28, 2025

Time to Release

27 Days 9 Hours

Highest	Lowest	Average	Date Range	Source
-26,293 Jan 2007	-357,198 Jun 2025	-162,500.11 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 357.2 million in June 2025 from EUR 322.2 million in the corresponding month of the previous year. This marked the largest deficit since records began in January 2007. Exports rose by 21.6% year-on-year to EUR 45.2 million, while imports rose by 12% to EUR 402.4 million. Considering January to June of 2025, exports fell by 2.2% compared to the same period a year earlier to EUR 282.3 million, weighed down by lower sales of manufactured goods classified by material (-45.7%), beverages and tobacco (-23.5%), machinery and transport equipment (-30.1%), animal oils and fats (-9.3%), and miscellaneous manufactured articles (-3.8%). Meanwhile, imports rose by 7.0% to EUR 2,078.3 million, primarily driven by increased purchases of beverages and tobacco (14.1%), miscellaneous manufactured articles (11%), and chemicals (7.8%). By country, America remains in the top 10 export partners of Montenegro amid the ongoing US tariff tensions.