Montenegro Trade Balance

2005 - 2023 | Monthly | USD mn | CEIC Data

Key information about Montenegro's Trade Balance

  • Montenegro's Trade Balance recorded a deficit of 280.4 USD mn in Dec 2023, compared with a deficit of 260.6 USD mn in the previous month
  • Montenegro's Trade Balance data is updated monthly, available from Jan 2005 to Dec 2023, with an averaged value of -172.8 USD mn
  • The data reached an all-time high of -12.6 USD mn in Feb 2005 and a record low of -355.8 USD mn in Jun 2022
CEIC converts monthly Trade Balance into USD. The Statistical Office of Montenegro provides Trade Balance in EUR. Federal Reserve Board average market exchange rate is used for currency conversions.

Further information about Montenegro's Trade Balance

  • In the latest reports, Montenegro's Total Exports reached 42.2 USD mn in Sep 2023, a decrease of 0.7% YoY (year-on-year)
  • Total Imports recorded 368.3 USD mn in Sep 2023, a decrease of 0.7% YoY (year-on-year)

View Montenegro's Trade Balance from Jan 2005 to Dec 2023 in the chart:

Montenegro Trade Balance

What was Montenegro's Trade Balance in Dec 2023?

Montenegro's Trade Balance recorded a deficit of 280.4 USD mn in Dec 2023, compared with a deficit of 260.6 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-280.4 Dec 2023 -260.6 Nov 2023 -355.8 Jun 2022 -12.6 Feb 2005 USD mn monthly Jan 2005 - Dec 2023

Trade Balance by Country Comparison

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Includes Trade Balance on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (USD mn) -402.6 Nov 2023 monthly Oct 1998 - Nov 2023
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 957.1 Jan 2024 monthly Jan 1991 - Jan 2024
Armenia (USD mn) -98.2 Nov 2023 monthly Nov 1995 - Nov 2023
Australia (USD mn) 7,335.5 Dec 2023 monthly Jul 1971 - Dec 2023
Austria (USD mn) 1,200.8 Oct 2023 monthly Jan 1957 - Oct 2023
Azerbaijan (USD mn) 912.8 Dec 2023 monthly Jan 2000 - Dec 2023
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -2,075.4 Dec 2023 monthly Jul 1986 - Dec 2023
Belarus (USD mn) -258.4 Dec 2023 monthly Jan 2000 - Dec 2023
Belgium (USD mn) 301.5 Dec 2023 monthly Jan 1993 - Dec 2023
Bolivia (USD mn) -181.2 Dec 2023 monthly Oct 1994 - Dec 2023
Bosnia and Herzegovina (USD mn) -534.3 Dec 2023 monthly Jan 2000 - Dec 2023
Botswana (USD mn) -133.1 Dec 2023 monthly Jan 2001 - Dec 2023
Brazil (USD mn) 6,526.6 Jan 2024 monthly Jan 1959 - Jan 2024
Brunei (USD mn) 685.7 Dec 2023 monthly Jan 2010 - Dec 2023
Bulgaria (USD mn) -735.0 Dec 2023 monthly Jan 1995 - Dec 2023
Cambodia (USD mn) -8.0 Dec 2023 monthly Jun 2013 - Dec 2023
Canada (USD mn) 1,142.8 Nov 2023 monthly Jan 1988 - Nov 2023
Chile (USD mn) 2,622.3 Jan 2024 monthly Jan 1968 - Jan 2024
China (USD mn) 75,340.4 Dec 2023 monthly Jan 1992 - Dec 2023
Colombia (USD mn) -811.3 Dec 2023 monthly Jan 1958 - Dec 2023
Croatia (USD mn) -1,134.6 Nov 2023 monthly Jan 1993 - Nov 2023
Cyprus (USD mn) -630.5 Dec 2023 monthly Jan 1957 - Dec 2023
Czech Republic (USD mn) 1,461.4 Dec 2023 monthly Jan 1996 - Dec 2023
Denmark (USD mn) 635.3 Dec 2023 monthly Jan 1997 - Dec 2023
Ecuador (USD mn) 341.1 Dec 2023 monthly Mar 1992 - Dec 2023
Egypt (USD mn) -3,032.0 Dec 2023 monthly Jan 1957 - Dec 2023
Estonia (USD mn) -308.0 Dec 2023 monthly Jan 1993 - Dec 2023
European Union (USD mn) 11,010.2 Dec 2023 monthly Jan 2002 - Dec 2023
Finland (USD mn) -300.0 Dec 2023 monthly Jan 1992 - Dec 2023
France (USD mn) -7,449.8 Dec 2023 monthly Jan 2000 - Dec 2023
Georgia (USD mn) -664.1 Jan 2024 monthly Jan 1995 - Jan 2024
Germany (USD mn) 24,403.4 Dec 2023 monthly Jan 1957 - Dec 2023
Ghana (USD mn) 112.7 Aug 2023 monthly Mar 2005 - Aug 2023
Greece (USD mn) -2,841.8 Dec 2023 monthly Jan 2002 - Dec 2023
Hong Kong SAR, China (USD mn) 466.0 Jan 2024 monthly Jan 1957 - Jan 2024
Hungary (USD mn) -293.8 Dec 2023 monthly Jan 1976 - Dec 2023
Iceland (USD mn) -108.4 Jan 2024 monthly Jan 1957 - Jan 2024
India (USD mn) -17,490.0 Jan 2024 monthly Jan 1957 - Jan 2024
Indonesia (USD mn) 2,015.1 Jan 2024 monthly Jan 1967 - Jan 2024
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 4,478.8 Dec 2023 monthly Jan 1970 - Dec 2023
Israel (USD mn) -1,403.3 Jan 2024 monthly Jan 1988 - Jan 2024
Italy (USD mn) 4,952.7 Dec 2023 monthly Jan 1993 - Dec 2023
Ivory Coast (USD mn) 1,844.2 Nov 2023 monthly Jan 1981 - Nov 2023
Japan (USD mn) 1,608.3 Jan 2024 monthly Apr 1995 - Jan 2024
Jordan (USD mn) 2,854.7 Dec 2023 monthly Jan 1972 - Dec 2023
Kazakhstan (USD mn) 884.3 Dec 2023 monthly Sep 1995 - Dec 2023
Kenya (USD mn) -1,119.1 Nov 2023 monthly Oct 1992 - Nov 2023
South Korea (USD mn) 4,291.0 Feb 2024 monthly Jan 1966 - Feb 2024
Kosovo (USD mn) -348.4 Jan 2024 monthly Jan 2003 - Jan 2024
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -670.5 Dec 2023 monthly Jan 2002 - Dec 2023
Laos (USD mn) 97.3 Sep 2023 quarterly Dec 1992 - Sep 2023
Latvia (USD mn) -413.0 Dec 2023 monthly Jan 1995 - Dec 2023
Lebanon (USD mn) -397.4 Aug 2023 monthly Jan 1993 - Aug 2023
Lithuania (USD mn) -355.2 Dec 2023 monthly Jan 1999 - Dec 2023
Luxembourg (USD mn) -709.8 Dec 2023 monthly Jan 1988 - Dec 2023
Macau SAR, China (USD mn) -1,408.7 Jan 2024 monthly Jan 1998 - Jan 2024
North Macedonia (USD mn) -328.5 Dec 2023 monthly Dec 1993 - Dec 2023
Malawi (USD mn) -42.8 Feb 2023 monthly Jan 1964 - Feb 2023
Malaysia (USD mn) 3,103.8 Jan 2024 monthly Jan 1990 - Jan 2024
Malta (USD mn) -259.2 Dec 2023 monthly Jan 1960 - Dec 2023
Mauritius (USD mn) -373.9 Dec 2023 monthly Jan 2006 - Dec 2023
Mexico (USD mn) -302.1 Jan 2024 monthly Jan 1993 - Jan 2024
Moldova (USD mn) -498.7 Dec 2023 monthly Jan 1992 - Dec 2023
Mongolia (USD mn) 388.9 Jan 2024 monthly Jan 1997 - Jan 2024
Montenegro (USD mn) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Morocco (USD mn) -2,488.5 Dec 2023 monthly Jan 1957 - Dec 2023
Mozambique (USD mn) 89.3 Dec 2023 monthly Jan 2011 - Dec 2023
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -858.4 Jan 2024 monthly Aug 1974 - Jan 2024
Netherlands (USD mn) 11,600.6 Dec 2023 monthly Jan 1996 - Dec 2023
New Zealand (USD mn) -602.2 Jan 2024 monthly Jan 1960 - Jan 2024
Nigeria (USD mn) 1,889.4 Sep 2023 monthly Jan 2003 - Sep 2023
Norway (USD mn) 7,003.3 Jan 2024 monthly Jan 1957 - Jan 2024
Oman (USD mn) 1,909.0 Oct 2023 monthly Jan 1975 - Oct 2023
Pakistan (USD mn) -1,743.1 Feb 2024 monthly Jan 1968 - Feb 2024
Palestinian Territory (USD mn) -326.6 Dec 2023 monthly Jan 2011 - Dec 2023
Panama (USD mn) -1,100.0 Dec 2023 monthly Jan 1964 - Dec 2023
Paraguay (USD mn) -71.6 Jan 2024 monthly Jan 1994 - Jan 2024
Peru (USD mn) 2,039.8 Dec 2023 monthly Jan 1985 - Dec 2023
Philippines (USD mn) -4,013.4 Dec 2023 monthly Jan 1957 - Dec 2023
Poland (USD mn) -327.2 Dec 2023 monthly Jan 1986 - Dec 2023
Portugal (USD mn) -2,536.3 Dec 2023 monthly Jan 1957 - Dec 2023
Qatar (USD mn) 4,798.6 Jan 2024 monthly Jan 2014 - Jan 2024
Romania (USD mn) -3,740.9 Dec 2023 monthly Aug 1990 - Dec 2023
Russia (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Saudi Arabia (USD mn) 111,202.9 2023 yearly 1957 - 2023
Serbia (USD mn) -1,173.6 Dec 2023 monthly Jan 2001 - Dec 2023
Singapore (USD mn) 5,660.2 Jan 2024 monthly Jan 1976 - Jan 2024
Slovakia (USD mn) -281.4 Dec 2023 monthly Jan 2004 - Dec 2023
Slovenia (USD mn) 62.8 Dec 2023 monthly Nov 1991 - Dec 2023
South Africa (USD mn) -501.8 Jan 2024 monthly Oct 2004 - Jan 2024
Spain (USD mn) -3,337.5 Dec 2023 monthly Jan 1974 - Dec 2023
Sri Lanka (USD mn) -541.1 Jan 2024 monthly Jan 1982 - Jan 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 1,283.9 Jan 2024 monthly Jan 1957 - Jan 2024
Switzerland (USD mn) 8,680.0 Jan 2024 monthly Jan 1957 - Jan 2024

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Montenegro Key Series

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Includes 163 key indicators for Montenegro, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.5 Sep 2023 quarterly Dec 2012 - Sep 2023
Consolidated Fiscal Balance (USD mn) -158.147 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue (USD mn) 149.467 Dec 2023 monthly Jan 2012 - Dec 2023
Tax Revenue: % of GDP (%) 21.4 Sep 2023 quarterly Mar 2012 - Sep 2023
National Government Debt (USD mn) 4,219.6 Sep 2023 monthly Dec 2010 - Sep 2023
Government Debt: % of GDP (%) 59.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Forecast: Government Expenditure (EUR bn) 3.984 2028 yearly 2002 - 2028
Forecast: Government Net Debt (EUR bn) 6.698 2028 yearly 2002 - 2028
Forecast: Government Revenue (EUR bn) 3.392 2028 yearly 2002 - 2028
General Government Revenue: Consolidated (EUR) 255,979,035.020 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -144,969,510.730 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes (EUR) 137,012,115.600 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Consolidated (EUR) 400,948,545.750 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 87,929,424.080 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,494,203.900 Dec 2023 monthly Jan 2012 - Dec 2023
General Govt Expenditure: Cons: ow Current (EUR) 321,973,336.150 Dec 2023 monthly Jan 2012 - Dec 2023
Gross General Government Debt: Domestic (EUR mn) 382.470 Jun 2022 monthly Dec 2010 - Jun 2022
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -280.4 Dec 2023 monthly Jan 2005 - Dec 2023
Total Exports (USD mn) 42.2 Sep 2023 monthly Jan 2005 - Sep 2023
Total Exports Growth (%) -25.3 Dec 2023 monthly Jan 2006 - Dec 2023
Aluminum: Exports (USD th) 180,096.808 2022 yearly 2008 - 2022
Exports: Medicament (USD th) 34,801.190 2022 yearly 2008 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 28.151 2022 yearly 2008 - 2022
Total Imports (USD mn) 368.3 Sep 2023 monthly Jan 2005 - Sep 2023
Total Imports Growth (%) 7.0 Dec 2023 monthly Jan 2006 - Dec 2023
Imports: Medicament (USD th) 116,265.339 2022 yearly 2008 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 45,821.508 2022 yearly 2008 - 2022
Total Exports to USA (USD mn) 0.756 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from USA (USD mn) 4.456 Dec 2023 monthly Jan 2006 - Dec 2023
Total Exports to China (USD mn) 0.064 Sep 2023 monthly Jan 2010 - Sep 2023
Total Imports from China (USD mn) 40.025 Dec 2023 monthly Jan 2006 - Dec 2023
Exports (EUR th) 39,512.254 Sep 2023 monthly Jan 2005 - Sep 2023
Exports: Machinery & Transport Equipment (EUR th) 2,755.089 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 9,039.979 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Manufactured Goods (EUR th) 4,621.309 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Food & Live Animals (EUR th) 4,132.036 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Crude Materials: excl Fuels (EUR th) 9,271.644 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: CEFTA: Serbia (EUR th) 11,608.897 Sep 2023 monthly Mar 2009 - Sep 2023
Exports: Europe: EU-28: Slovenia (EUR th) 3,055.071 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Manufactured Goods (EUR th) 58,372.312 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 49,978.003 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Food & Live Animals (EUR th) 63,956.749 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Machinery & Transport Equipment (EUR th) 72,725.624 Sep 2023 monthly Mar 2009 - Sep 2023
Imports (EUR th) 345,099.221 Sep 2023 monthly Jan 2005 - Sep 2023
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 49,674.082 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: CEFTA: Serbia (EUR th) 56,453.887 Sep 2023 monthly Mar 2009 - Sep 2023
Imports: Europe: EU-28: Greece (EUR th) 22,544.386 Sep 2023 monthly Mar 2009 - Sep 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 27.0 Dec 2023 quarterly Mar 2005 - Dec 2023
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) 8.9 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Direct Investment (USD mn) 150.7 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Direct Investment: % of GDP (%) 3.6 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment (USD mn) 2.789 Dec 2023 quarterly Mar 2005 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -0.3 Sep 2023 quarterly Mar 2010 - Sep 2023
Foreign Portfolio Investment: Equity Securities (USD mn) 119.2 Dec 2023 quarterly Mar 2007 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) 31.320 Dec 2023 quarterly Mar 2007 - Dec 2023
External Debt (USD mn) 8,815.2 2022 yearly 2006 - 2022
External Debt: % of GDP (%) 141.5 2022 yearly 2006 - 2022
External Debt: Short Term (USD mn) 198.7 2022 yearly 2007 - 2022
External Debt: Short Term: % of GDP (%) 3.2 2022 yearly 2007 - 2022
Forecast: Current Account Balance (USD bn) -1.297 2028 yearly 2001 - 2028
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
BoP: Current Account: Goods: Import (EUR th) 645,611.036 Dec 2018 quarterly Mar 2010 - Dec 2018
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 Dec 2018 quarterly Mar 2010 - Dec 2018
Gross General Government External Debt (EUR mn) 3,613.400 Jun 2023 monthly Dec 2010 - Jun 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.2 Jul 2023 monthly Aug 2010 - Jul 2023
Household Debt: % of GDP (%) 24.7 Sep 2023 quarterly Dec 2010 - Sep 2023
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) 22.9 2022 yearly 2003 - 2022
Reserve Requirement Ratio (%) 5.5 Dec 2023 monthly Jan 2002 - Dec 2023
Foreign Exchange Reserves (USD mn) 1,457.9 Dec 2023 monthly Dec 2002 - Dec 2023
Foreign Exchange Reserves: % of GDP (%) 22.477 Sep 2023 quarterly Dec 2010 - Sep 2023
Foreign Exchange Reserves: Months of Import (NA) 4.5 Aug 2023 monthly Jan 2005 - Aug 2023
Gold Reserves (USD mn) 0.000 Dec 2023 monthly Dec 2002 - Dec 2023
Total Deposits (USD mn) 5,855.433 Jan 2024 monthly Jan 2003 - Jan 2024
Total Deposits Growth (%) 3.6 Jan 2024 monthly Jan 2004 - Jan 2024
Domestic Credit (USD mn) 3,822.0 Jan 2024 monthly Jan 2005 - Jan 2024
Domestic Credit Growth (%) 7.1 Jan 2024 monthly Jan 2006 - Jan 2024
Household Debt (USD mn) 1,869.3 Dec 2023 monthly Dec 2004 - Dec 2023
Total Loans (USD mn) 4,530.112 Dec 2023 monthly Jan 2003 - Dec 2023
Total Loans Growth (%) 11.89 Dec 2023 monthly Jan 2004 - Dec 2023
Private Debt: % of Nominal GDP (%) 43.36 Sep 2023 quarterly Dec 2010 - Sep 2023
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018

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