Montenegro Trade Balance

2005 - 2021 | Monthly | USD mn | CEIC Data

Key information about Montenegro's Trade Balance

  • Montenegro's Trade Balance recorded a deficit of 230.7 USD mn in Sep 2021, compared with a deficit of 246.5 USD mn in the previous month.
  • Montenegro's Trade Balance data is updated monthly, available from Jan 2005 to Sep 2021, with an averaged value of -164.9 USD mn.
  • The data reached an all-time high of -12.6 USD mn in Feb 2005 and a record low of -350.5 USD mn in Jul 2008.
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 2021, an increase of 29.1% YoY (year-on-year).
  • Total Imports recorded 272.9 USD mn in Sep 2021, an increase of 29.1% YoY (year-on-year).

View Montenegro's Trade Balance from Jan 2005 to Sep 2021 in the chart:

Montenegro Trade Balance

What was Montenegro's Trade Balance in Sep 2021?

Montenegro's Trade Balance recorded a deficit of 230.7 USD mn in Sep 2021, compared with a deficit of 246.5 USD mn in the previous month. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-230.7 Sep 2021 -246.5 Aug 2021 -350.5 Jul 2008 -12.6 Feb 2005 USD mn monthly Jan 2005 - Sep 2021

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) -347.3 Sep 2021 monthly Oct 1998 - Sep 2021
Algeria (USD mn) -791.7 Jan 2020 monthly Jan 2000 - Jan 2020
Argentina (USD mn) 1,592.5 Sep 2021 monthly Jan 1991 - Sep 2021
Armenia (USD mn) -273.5 Oct 2021 monthly Nov 1995 - Oct 2021
Australia (USD mn) 8,641.3 Sep 2021 monthly Jul 1971 - Sep 2021
Austria (USD mn) -1,541.0 Aug 2021 monthly Jan 1957 - Aug 2021
Azerbaijan (USD mn) 699.7 Sep 2021 monthly Jan 2000 - Sep 2021
Bahrain (USD mn) -127.1 2020 yearly 1966 - 2020
Bangladesh (USD mn) -2,163.0 Aug 2021 monthly Jul 1986 - Aug 2021
Belarus (USD mn) 397.8 Sep 2021 monthly Jan 2000 - Sep 2021
Belgium (USD mn) 1,645.6 Sep 2021 monthly Jan 1993 - Sep 2021
Bolivia (USD mn) 127.6 Sep 2021 monthly Oct 1994 - Sep 2021
Bosnia and Herzegovina (USD mn) -310.7 Mar 2021 monthly Jan 2000 - Mar 2021
Botswana (USD mn) 33.9 Jul 2021 monthly Jan 2001 - Jul 2021
Brazil (USD mn) 1,998.9 Oct 2021 monthly Jan 1959 - Oct 2021
Brunei (USD mn) 516.3 Aug 2021 monthly Jan 2003 - Aug 2021
Bulgaria (USD mn) -369.7 Sep 2021 monthly Jan 1995 - Sep 2021
Cambodia (USD mn) -409.7 Jul 2021 monthly Jun 2013 - Jul 2021
Canada (USD mn) 1,466.3 Sep 2021 monthly Jan 1988 - Sep 2021
Chile (USD mn) -352.0 Oct 2021 monthly Jan 1968 - Oct 2021
China (USD mn) 84,539.8 Oct 2021 monthly Jan 1981 - Oct 2021
Colombia (USD mn) -2,160.8 Sep 2021 monthly Jan 1958 - Sep 2021
Croatia (USD mn) -1,054.4 Aug 2021 monthly Jan 1993 - Aug 2021
Cyprus (USD mn) -515.7 Sep 2021 monthly Jan 1957 - Sep 2021
Czech Republic (USD mn) 802.3 Sep 2021 monthly Jan 1996 - Sep 2021
Denmark (USD mn) -120.6 Sep 2021 monthly Jan 1997 - Sep 2021
Ecuador (USD mn) 131.5 Sep 2021 monthly Jan 1965 - Sep 2021
Egypt (USD mn) -2,384.0 Sep 2021 monthly Jan 1957 - Sep 2021
Estonia (USD mn) -108.6 Aug 2021 monthly Jan 1993 - Aug 2021
European Union (USD mn) 4,111.2 Aug 2021 monthly Jan 2002 - Aug 2021
Finland (USD mn) 117.7 Sep 2021 monthly Jan 1992 - Sep 2021
France (USD mn) -7,973.1 Sep 2021 monthly Jan 2000 - Sep 2021
Georgia (USD mn) -492.8 Oct 2021 monthly Jan 1995 - Oct 2021
Germany (USD mn) 15,482.7 Sep 2021 monthly Jan 1957 - Sep 2021
Ghana (USD mn) 392.3 Dec 2020 monthly Mar 2005 - Dec 2020
Greece (USD mn) -2,483.8 Sep 2021 monthly Jan 2002 - Sep 2021
Hong Kong SAR, China (USD mn) -5,448.3 Sep 2021 monthly Jan 1957 - Sep 2021
Hungary (USD mn) 4.7 Sep 2021 monthly Jan 1976 - Sep 2021
Iceland (USD mn) -96.7 Oct 2021 monthly Jan 1957 - Oct 2021
India (USD mn) -19,730.0 Oct 2021 monthly Jan 1957 - Oct 2021
Indonesia (USD mn) 5,733.1 Oct 2021 monthly Jan 1967 - Oct 2021
Iran (USD mn) 14,786.0 2020 yearly 1950 - 2020
Ireland (USD mn) 6,040.4 Jul 2021 monthly Jan 1970 - Jul 2021
Israel (USD mn) -3,179.1 Oct 2021 monthly Jan 1988 - Oct 2021
Italy (USD mn) 4,111.9 Sep 2021 monthly Jan 1993 - Sep 2021
Ivory Coast (USD mn) 112.3 Jul 2021 monthly Jan 1981 - Jul 2021
Japan (USD mn) -3,931.6 Oct 2021 monthly Apr 1995 - Oct 2021
Jordan (USD mn) -1,254.7 Aug 2021 monthly Jan 1972 - Aug 2021
Kazakhstan (USD mn) 1,756.8 Sep 2021 monthly Sep 1995 - Sep 2021
Kenya (USD mn) -1,021.7 Aug 2021 monthly Oct 1992 - Aug 2021
South Korea (USD mn) 1,782.2 Oct 2021 monthly Jan 1957 - Oct 2021
Kosovo (USD mn) -413.4 Sep 2021 monthly Jan 2003 - Sep 2021
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -386.8 Sep 2021 monthly Jan 2002 - Sep 2021
Laos (USD mn) 250.6 Dec 2020 quarterly Dec 1992 - Dec 2020
Latvia (USD mn) -222.0 Sep 2021 monthly Jan 1995 - Sep 2021
Lebanon (USD mn) -723.4 Nov 2020 monthly Jan 1993 - Nov 2020
Lithuania (USD mn) -363.6 Sep 2021 monthly Jan 1999 - Sep 2021
Luxembourg (USD mn) -662.3 Aug 2021 monthly Jan 1988 - Aug 2021
Macau SAR, China (USD mn) -1,392.3 Aug 2021 monthly Jan 1998 - Aug 2021
North Macedonia (USD mn) -184.8 Sep 2021 monthly Dec 1993 - Sep 2021
Malawi (USD mn) -169.6 Mar 2021 monthly Jan 1964 - Mar 2021
Malaysia (USD mn) 6,659.6 Sep 2021 monthly Jan 1990 - Sep 2021
Malta (USD mn) -345.3 Sep 2021 monthly Jan 1960 - Sep 2021
Mauritius (USD mn) -243.6 Aug 2021 monthly Jan 2006 - Aug 2021
Mexico (USD mn) -2,905.9 Mar 2021 monthly Jan 1993 - Mar 2021
Moldova (USD mn) -374.8 Sep 2021 monthly Jan 2004 - Sep 2021
Mongolia (USD mn) 605.5 Oct 2021 monthly Jan 1997 - Oct 2021
Montenegro (USD mn) -230.7 Sep 2021 monthly Jan 2005 - Sep 2021
Morocco (USD mn) -1,705.8 Sep 2021 monthly Jan 1957 - Sep 2021
Mozambique (USD mn) -177.1 Dec 2020 monthly Jan 2011 - Dec 2020
Myanmar (USD mn) 91.7 Jul 2021 monthly Jan 1957 - Jul 2021
Nepal (USD mn) -1,191.6 Sep 2021 monthly Aug 1974 - Sep 2021
Netherlands (USD mn) 6,264.9 Sep 2021 monthly Jan 1996 - Sep 2021
New Zealand (USD mn) -1,531.4 Sep 2021 monthly Jan 1957 - Sep 2021
Nigeria (USD mn) -1,658.6 Jun 2021 monthly Jan 2003 - Jun 2021
Norway (USD mn) 9,989.6 Oct 2021 monthly Jan 1957 - Oct 2021
Oman (USD mn) 1,512.6 Jun 2021 monthly Jan 1975 - Jun 2021
Pakistan (USD mn) -3,920.3 Oct 2021 monthly Jan 1968 - Oct 2021
Palestinian Territory (USD mn) -352.0 Feb 2021 monthly Jan 2011 - Feb 2021
Panama (USD mn) -707.7 Sep 2021 monthly Jan 1964 - Sep 2021
Paraguay (USD mn) -130.9 Oct 2021 monthly Jan 1994 - Oct 2021
Peru (USD mn) 1,590.2 Sep 2021 monthly Jan 1957 - Sep 2021
Philippines (USD mn) -3,995.7 Sep 2021 monthly Jan 1957 - Sep 2021
Poland (USD mn) -208.7 Sep 2021 monthly Jan 1986 - Sep 2021
Portugal (USD mn) -2,021.9 Sep 2021 monthly Jan 1957 - Sep 2021
Qatar (USD mn) 3,620.9 Mar 2021 monthly Jan 2014 - Mar 2021
Romania (USD mn) -2,507.5 Sep 2021 monthly Aug 1990 - Sep 2021
Russia (USD mn) 20,550.6 Sep 2021 monthly Jan 1998 - Sep 2021
Saudi Arabia (USD mn) 35,856.4 2020 yearly 1957 - 2020
Serbia (USD mn) -611.7 Sep 2021 monthly Jan 2001 - Sep 2021
Singapore (USD mn) 4,375.0 Oct 2021 monthly Jan 1976 - Oct 2021
Slovakia (USD mn) -89.1 Sep 2021 monthly Jan 2004 - Sep 2021
Slovenia (USD mn) -559.3 Sep 2021 monthly Nov 1991 - Sep 2021
South Africa (USD mn) 1,524.0 Sep 2021 monthly Oct 2004 - Sep 2021
Spain (USD mn) -1,321.6 Sep 2021 monthly Jan 1985 - Sep 2021
Sri Lanka (USD mn) -586.2 Aug 2021 monthly Jan 1982 - Aug 2021
Sudan (USD mn) -406.6 Jun 2021 monthly Jan 2003 - Jun 2021
Sweden (USD mn) 728.8 Sep 2021 monthly Jan 1957 - Sep 2021
Switzerland (USD mn) 5,094.2 Oct 2021 monthly Jan 1957 - Oct 2021

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Montenegro Key Series

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Includes 197 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 (%) -10.1 Dec 2020 quarterly Dec 2012 - Dec 2020
Consolidated Fiscal Balance (USD mn) -62.191 Feb 2021 monthly Jan 2012 - Feb 2021
Tax Revenue (USD mn) 132.964 Sep 2021 monthly Jan 2012 - Sep 2021
Tax Revenue: % of GDP (%) 20.9 Dec 2020 quarterly Mar 2012 - Dec 2020
National Government Debt (USD mn) 4,854.4 Jun 2021 monthly Dec 2010 - Jun 2021
Government Debt: % of GDP (%) 103.3 Dec 2020 quarterly Dec 2010 - Dec 2020
Forecast: Government Expenditure (EUR bn) 2.798 2026 yearly 2002 - 2026
Forecast: Government Net Debt (EUR bn) 4.557 2026 yearly 2002 - 2026
Forecast: Government Revenue (EUR bn) 2.686 2026 yearly 2002 - 2026
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -6,598,658.160 Sep 2021 monthly Jan 2012 - Sep 2021
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 66,021,485.600 Sep 2021 monthly Jan 2012 - Sep 2021
General Govt Revenue: Cons: Taxes (EUR) 113,016,911.380 Sep 2021 monthly Jan 2012 - Sep 2021
General Government Revenue: Consolidated (EUR) 172,242,018.370 Sep 2021 monthly Jan 2012 - Sep 2021
General Govt Expenditure: Consolidated (EUR) 178,840,676.530 Sep 2021 monthly Jan 2012 - Sep 2021
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,556,581.330 Sep 2021 monthly Jan 2012 - Sep 2021
General Govt Expenditure: Cons: ow Current (EUR) 154,155,874.270 Sep 2021 monthly Jan 2012 - Sep 2021
Gross General Government External Debt (EUR mn) 3,652.600 Jun 2021 monthly Dec 2010 - Jun 2021
Gross General Government Debt (EUR mn) 4,097.240 Jun 2021 monthly Dec 2010 - Jun 2021
Gross General Government Debt: Domestic (EUR mn) 426.630 Jun 2021 monthly Dec 2010 - Jun 2021
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 2.330 2026 yearly 2003 - 2026
Trade Balance (USD mn) -230.7 Sep 2021 monthly Jan 2005 - Sep 2021
Total Exports (USD mn) 42.2 Sep 2021 monthly Jan 2005 - Sep 2021
Total Exports Growth (%) 50.3 Sep 2021 monthly Jan 2006 - Sep 2021
Aluminum: Exports (USD th) 64,427.184 2020 yearly 2008 - 2020
Exports: Medicament (USD th) 27,577.529 2020 yearly 2008 - 2020
Exports: Medicinal and Pharmaceutical Product (USD th) 35.218 2020 yearly 2008 - 2020
Total Imports (USD mn) 272.9 Sep 2021 monthly Jan 2005 - Sep 2021
Total Imports Growth (%) 29.1 Sep 2021 monthly Jan 2006 - Sep 2021
Imports: Medicament (USD th) 95,282.144 2020 yearly 2008 - 2020
Imports: Medicinal and Pharmaceutical Product (USD th) 37,610.169 2020 yearly 2008 - 2020
Total Exports to USA (USD mn) 0.558 Dec 2020 monthly Jan 2010 - Dec 2020
Total Imports from USA (USD mn) 2.914 Mar 2021 monthly Jan 2006 - Mar 2021
Total Exports to China (USD mn) 0.265 Apr 2021 monthly Jan 2010 - Apr 2021
Total Imports from China (USD mn) 25.935 Apr 2021 monthly Jan 2006 - Apr 2021
Exports (EUR th) 35,833.827 Sep 2021 monthly Jan 2005 - Sep 2021
Imports (EUR th) 231,940.329 Sep 2021 monthly Jan 2005 - Sep 2021
Exports: Machinery & Transport Equipment (EUR th) 4,529.142 Sep 2021 monthly Mar 2009 - Sep 2021
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 5,240.297 Sep 2021 monthly Mar 2009 - Sep 2021
Exports: Manufactured Goods (EUR th) 6,827.761 Sep 2021 monthly Mar 2009 - Sep 2021
Exports: Crude Materials: excl Fuels (EUR th) 9,183.650 Sep 2021 monthly Mar 2009 - Sep 2021
Exports: Food & Live Animals (EUR th) 4,163.980 Sep 2021 monthly Mar 2009 - Sep 2021
Exports: Europe: CEFTA: Serbia (EUR th) 8,821.720 Sep 2021 monthly Mar 2009 - Sep 2021
Exports: Europe: EU-28: Slovenia (EUR th) 1,643.692 Sep 2021 monthly Mar 2009 - Sep 2021
Imports: Miscellaneous Manufactured Goods (EUR th) 32,515.624 Sep 2021 monthly Mar 2009 - Sep 2021
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 39,828.101 Sep 2021 monthly Mar 2009 - Sep 2021
Imports: Manufactured Goods (EUR th) 37,883.931 Sep 2021 monthly Mar 2009 - Sep 2021
Imports: Food & Live Animals (EUR th) 42,823.358 Sep 2021 monthly Mar 2009 - Sep 2021
Imports: Machinery & Transport Equipment (EUR th) 37,805.161 Sep 2021 monthly Mar 2009 - Sep 2021
Imports: Europe: CEFTA: Serbia (EUR th) 47,699.011 Sep 2021 monthly Mar 2009 - Sep 2021
Imports: Europe: EU-28: Greece (EUR th) 13,863.853 Sep 2021 monthly Mar 2009 - Sep 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) -5.8 Jun 2021 quarterly Mar 2005 - Jun 2021
Current Account Balance (USD mn) -297.5 Jun 2021 quarterly Mar 2004 - Jun 2021
Current Account Balance: % of GDP (%) -21.9 Jun 2021 quarterly Mar 2010 - Jun 2021
Foreign Direct Investment (USD mn) 141.2 Jun 2021 quarterly Mar 2005 - Jun 2021
Foreign Direct Investment: % of GDP (%) 10.4 Jun 2021 quarterly Mar 2010 - Jun 2021
Foreign Portfolio Investment (USD mn) -46.367 Jun 2021 quarterly Mar 2005 - Jun 2021
Foreign Portfolio Investment: % of GDP (%) 59.3 Dec 2020 quarterly Mar 2010 - Dec 2020
Foreign Portfolio Investment: Equity Securities (USD mn) 75.5 Dec 2020 quarterly Mar 2007 - Dec 2020
Foreign Portfolio Investment: Debt Securities (USD mn) 77.773 Dec 2020 quarterly Mar 2007 - Dec 2020
External Debt (USD mn) 9,722.7 2020 yearly 2006 - 2020
External Debt: % of GDP (%) 203.8 2020 yearly 2006 - 2020
External Debt: Short Term (USD mn) 316.3 2020 yearly 2007 - 2020
External Debt: Short Term: % of GDP (%) 6.6 2020 yearly 2007 - 2020
Forecast: Current Account Balance (USD bn) -0.943 2026 yearly 2001 - 2026
BoP: Current Account: Goods: Export (EUR th) 120,372.138 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
BoP: Financial Account: Change in Central Bank Reserves (EUR th) -9,057.098 Dec 2018 quarterly Mar 2010 - Dec 2018
Foreign Direct Investment: Flow: Switzerland (EUR) 63,220,823.800 2020 yearly 2001 - 2020
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.7 Feb 2021 monthly Aug 2010 - Feb 2021
Household Debt: % of GDP (%) 33.2 Dec 2020 quarterly Dec 2010 - Dec 2020
Non-Performing Loans (USD mn) 208.908 Mar 2021 monthly Dec 2010 - Mar 2021
M2 Growth (%) -1.7 2019 yearly 2003 - 2019
Reserve Requirement Ratio (%) 5.5 May 2021 monthly Jan 2002 - May 2021
Foreign Exchange Reserves (USD mn) 1,753.4 Sep 2021 monthly Dec 2002 - Sep 2021
Foreign Exchange Reserves: % of GDP (%) 30.421 Jun 2021 quarterly Dec 2010 - Jun 2021
Foreign Exchange Reserves: Months of Import (NA) 6.4 Sep 2021 monthly Jan 2005 - Sep 2021
Gold Reserves (USD mn) 0.000 Sep 2021 monthly Dec 2002 - Sep 2021
Total Deposits (USD mn) 4,620.736 Sep 2021 monthly Jan 2003 - Sep 2021
Total Deposits Growth (%) 2.8 Mar 2021 monthly Jan 2004 - Mar 2021
Domestic Credit (USD mn) 2,905.8 Sep 2021 monthly Jan 2005 - Sep 2021
Domestic Credit Growth (%) -9.2 Sep 2021 monthly Jan 2006 - Sep 2021
Household Debt (USD mn) 1,648.8 Sep 2021 monthly Dec 2004 - Sep 2021
Total Loans (USD mn) 3,831.176 Mar 2021 monthly Jan 2003 - Mar 2021
Total Loans Growth (%) 6.20 Apr 2021 monthly Jan 2004 - Apr 2021
Private Debt: % of Nominal GDP (%) 59.30 Dec 2020 quarterly Dec 2010 - Dec 2020
Bank Loans: Residents: Households (EUR th) 1,188,990.000 Jun 2018 monthly Jan 2009 - Jun 2018
Bank Loans: Non Performing Loans (EUR th) 200,600.000 Apr 2018 monthly Dec 2010 - Apr 2018
ME: Bank Non-Performing Loans to Total Gross Loans (%) 7.426 2018 yearly 2013 - 2018
ME: Bank Liquid Reserves: to Bank Assets Ratio (%) 21.375 2020 yearly 2013 - 2020

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