The trade deficit in Montenegro widened to EUR 171.8 million in November 2019 from EUR 162.5 million in the corresponding month of the previous year, as exports slumped by 11.9 percent to EUR 33.4 million while imports went up 2.4 percent to EUR 205.2 million.
Balance of Trade in Montenegro averaged -135444.45 EUR Thousand from 2007 until 2019, reaching an all time high of -26293 EUR Thousand in January of 2007 and a record low of -223260.90 EUR Thousand in July of 2019. 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.
Balance of Trade in Montenegro is expected to be -194000.00 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 -193700.00 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.