Montenegro Balance of Trade

Last Release

Apr 30, 2025

Actual

-316,970.54

Units In

EUR Thousand

-317,162.64

Frequency

Monthly

Next Release

Jun 26, 2025

Time to Release

26 Days 7 Hours

Highest	Lowest	Average	Date Range	Source
-26,293 Jan 2007	-352,174 Jul 2024	-160,844.63 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 narrowed to EUR 317.0 million in April 2025 from EUR 341.6 million in the corresponding month of the previous year. Exports declined by 6.3% year-on-year to EUR 50.7 million, while imports fell by 7.1% to EUR 367.6 million. Considering January to April of 2025, exports dropped by 2% compared to the same period a year earlier to EUR 200.8 million, weighed down by lower sales of manufactured goods classified chiefly by material (-44.6%), beverages and tobacco (-36.9%), machinery and transport equipment (-28.3%) and animal oil and fats (-16.1%). Meanwhile, imports rose by 3.6% to EUR.1305.2 million, primarily driven by higher purchases of animal oils and fats (11.5%), beverages and tobacco (7.9%), food and live animals (6.1%), mineral fuels, lubricants and related materials (5.5%), and miscellaneous manufactured articles (5.2%).