Montenegro recorded a trade deficit of 209472.26 EUR Thousand in May of 2019. Balance of Trade in Montenegro averaged -133108.31 EUR Thousand from 2007 until 2019, 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.

Balance of Trade in Montenegro is expected to be -187700.00 EUR Thousand by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Balance of Trade in Montenegro to stand at -194000.00 in 12 months time. In the long-term, the Montenegro Balance of Trade is projected to trend around -193700.00 EUR Thousand in 2020, according to our econometric models.

Montenegro Balance of Trade
Forecast Data Chart
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Calendar GMT Actual Previous Consensus TEForecast
2019-03-29 11:40 AM Balance of Trade Feb €-147.7M €-100.5M €-145M
2019-04-30 10:05 AM Balance of Trade Mar €-181.8M €-147.7M €-185M
2019-05-31 10:15 AM Balance of Trade Apr €-209.7M €-181.9M €-186M
2019-06-28 09:00 AM Balance of Trade May €-209.4M €-210.1M €-180M
2019-07-29 09:00 AM Balance of Trade Jun €-209.4M
2019-08-30 09:00 AM Balance of Trade Jul
2019-09-27 09:00 AM Balance of Trade Aug

Montenegro Trade Last Previous Highest Lowest Unit
Balance of Trade -209472.26 -210126.99 -26293.00 -222421.00 EUR Thousand [+]
Current Account -317621.00 -374453.00 292018.00 -493338.85 EUR Thousand [+]
Current Account to GDP -18.50 -18.90 -7.40 -44.23 percent [+]
Imports 239568.60 241641.76 264187.00 65304.00 EUR Thousand [+]
Exports 30096.34 31514.78 52965.30 11428.00 EUR Thousand [+]
Capital Flows -291592.00 -396071.00 542738.38 -396071.00 EUR Thousand [+]
Tourist Arrivals 125492.00 94911.00 194968.00 10322.00 [+]
Terrorism Index 0.04 0.08 1.45 0.00 [+]
Remittances 61480.91 60049.75 61480.91 35725.82 EUR Thousand [+]
Foreign Direct Investment 757435.20 843101.10 1223999.76 479191.48 EUR Thousand [+]

Exports by Country  |   Exports by Category  |   Imports by Country  |   Imports by Category

Montenegro Balance of Trade

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 July of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
-209472.26 -210126.99 -26293.00 -222421.00 2007 - 2019 EUR Thousand Monthly

Country Last Previous
Argentina 1373.00 May/19
Australia 5745.00 May/19
Brazil 5020.00 Jun/19
Canada 762.30 May/19
China 509.76 Jun/19
Euro Area 23033.60 May/19
France -3278.00 May/19
Germany 20600.00 May/19
India -15280.00 Jun/19
Indonesia 196.00 Jun/19
Italy 5347.00 May/19
Japan 589.46 Jun/19
Mexico 1030.71 May/19
Netherlands 5579.00 May/19
Russia 11823.00 May/19
Saudi Arabia 131636.00 Mar/19
Singapore 2447.29 Jun/19
South Africa 1737.21 May/19
South Korea 4168.00 Jun/19
Spain -1605300.00 Apr/19
Switzerland 3251.00 Jun/19
Turkey -1837.83 May/19
United Kingdom -2324.00 May/19
United States -55520.00 May/19