Montenegro recorded a trade deficit of 133338 EUR Thousand in August of 2020.

Balance of Trade in Montenegro averaged -136110.32 EUR Thousand from 2007 until 2020, 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. Montenegro Balance of Trade - data, historical chart, forecasts and calendar of releases - was last updated on October of 2020.

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 2021, according to our econometric models.

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Montenegro Balance of Trade

Actual Previous Highest Lowest Dates Unit Frequency
-133338.00 -148325.00 -26293.00 -223260.90 2007 - 2020 EUR Thousand Monthly


Calendar GMT Actual Previous Consensus TEForecast
2020-06-29 09:00 AM May €-141M €-125M €-150M
2020-07-30 09:00 AM Jun €-156M €-141M € -194M
2020-09-01 09:00 AM Jul €-148M €-157M
2020-09-29 10:45 AM Aug €-133M €-148M
2020-10-29 09:20 AM Sep €-133M € -194M
2020-11-30 10:00 AM Oct
2020-12-28 10:00 AM Nov


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. .