Montenegro Trade Balance

2005 - 2026 | Monthly | USD mn | CEIC Data

Key information about Montenegro's Trade Balance

  • Montenegro's Trade Balance recorded a deficit of 402.7 USD mn in Mar 2026, compared with a deficit of 345.8 USD mn in the previous month
  • Montenegro's Trade Balance data is updated monthly, available from Jan 2005 to Mar 2026, with an averaged value of -157.5 USD mn
  • The data reached an all-time high of -12.6 USD mn in Feb 2005 and a record low of -432.9 USD mn in Jul 2025
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 58.5 USD mn in Mar 2026, a decrease of 6.9% YoY (year-on-year)
  • Total Imports recorded 461.2 USD mn in Mar 2026, an increase of 6.9% YoY (year-on-year)

View Montenegro's Trade Balance from Jan 2005 to Mar 2026 in the chart:

Montenegro Trade Balance

What was Montenegro's Trade Balance in Mar 2026?

Montenegro's Trade Balance recorded a deficit of 402.7 USD mn in Mar 2026, compared with a deficit of 345.8 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-402.7 Mar 2026 -345.8 Feb 2026 -432.9 Jul 2025 -12.6 Feb 2005 USD mn monthly Jan 2005 - Mar 2026

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -572.8 Mar 2026 monthly Oct 1998 - Mar 2026
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 2,440.1 Mar 2026 monthly Jan 1991 - Mar 2026
Armenia (USD mn) -391.4 Feb 2026 monthly Nov 1995 - Feb 2026
Australia (USD mn) -1,291.8 Mar 2026 monthly Jul 1971 - Mar 2026
Austria (USD mn) 404.4 Feb 2026 monthly Jan 1957 - Feb 2026
Azerbaijan (USD mn) 331.8 Mar 2026 monthly Jan 2000 - Mar 2026
Bahrain (USD mn) 3,083.0 2025 yearly 1966 - 2025
Bangladesh (USD mn) -1,618.1 Feb 2026 monthly Jul 1986 - Feb 2026
Belarus (USD mn) -246.8 Feb 2026 monthly Jan 2000 - Feb 2026
Belgium (USD mn) 5,299.3 Feb 2026 monthly Jan 1993 - Feb 2026
Bolivia (USD mn) 472.1 Mar 2026 monthly Oct 1994 - Mar 2026
Bosnia and Herzegovina (USD mn) -753.6 Feb 2026 monthly Jan 2000 - Feb 2026
Botswana (USD mn) -328.8 Feb 2026 monthly Jan 2001 - Feb 2026
Brazil (USD mn) 10,537.2 Apr 2026 monthly Jan 1959 - Apr 2026
Brunei (USD mn) 400.7 Feb 2026 monthly Jan 2010 - Feb 2026
Bulgaria (USD mn) -1,648.3 Mar 2026 monthly Jan 2000 - Mar 2026
Cambodia (USD mn) -316.1 Dec 2025 monthly Jan 2010 - Dec 2025
Canada (USD mn) 1,296.9 Mar 2026 monthly Jan 1988 - Mar 2026
Chile (USD mn) 1,911.8 Apr 2026 monthly Jan 1968 - Apr 2026
China (USD mn) 84,823.9 Apr 2026 monthly Jan 1992 - Apr 2026
Colombia (USD mn) -1,529.8 Feb 2026 monthly Jan 1958 - Feb 2026
Croatia (USD mn) -1,693.1 Feb 2026 monthly Jan 1993 - Feb 2026
Cyprus (USD mn) -813.4 Mar 2026 monthly Jan 1957 - Mar 2026
Czech Republic (USD mn) 3,424.3 Mar 2026 monthly Jan 1996 - Mar 2026
Denmark (USD mn) 4,930.9 Mar 2026 monthly Jan 1997 - Mar 2026
Ecuador (USD mn) 405.1 Feb 2026 monthly Mar 1992 - Feb 2026
Egypt (USD mn) -5,107.0 Feb 2026 monthly Jan 1957 - Feb 2026
Estonia (USD mn) -270.3 Mar 2026 monthly Jan 1993 - Mar 2026
European Union (USD mn) 4,395.7 Feb 2026 monthly Jan 2002 - Feb 2026
Finland (USD mn) 288.9 Mar 2026 monthly Jan 1992 - Mar 2026
France (USD mn) -7,932.7 Mar 2026 monthly Jan 2000 - Mar 2026
Georgia (USD mn) -895.3 Mar 2026 monthly Jan 1995 - Mar 2026
Germany (USD mn) 16,468.7 Mar 2026 monthly Jan 1957 - Mar 2026
Ghana (USD mn) 1,842.3 Feb 2026 monthly Mar 2005 - Feb 2026
Greece (USD mn) -2,554.8 Mar 2026 monthly Jan 2002 - Mar 2026
Hong Kong SAR, China (USD mn) -11,381.9 Mar 2026 monthly Jan 1957 - Mar 2026
Hungary (USD mn) 1,067.6 Mar 2026 monthly Jan 1976 - Mar 2026
Iceland (USD mn) -237.2 Mar 2026 monthly Jan 1957 - Mar 2026
India (USD mn) -20,670.0 Mar 2026 monthly Jan 1957 - Mar 2026
Indonesia (USD mn) 3,321.0 Mar 2026 monthly Jan 1967 - Mar 2026
Iran (USD mn) 47,592.0 2025 yearly 1948 - 2025
Ireland (USD mn) 4,803.3 Feb 2026 monthly Jan 1970 - Feb 2026
Israel (USD mn) -3,114.2 Mar 2026 monthly Jan 1988 - Mar 2026
Italy (USD mn) 6,154.4 Feb 2026 monthly Jan 1993 - Feb 2026
Ivory Coast (USD mn) 1,089.9 Dec 2025 monthly Jan 1981 - Dec 2025
Japan (USD mn) 571.5 Mar 2026 monthly Apr 1995 - Mar 2026
Jordan (USD mn) -973.4 Feb 2026 monthly Jan 1972 - Feb 2026
Kazakhstan (USD mn) 751.9 Feb 2026 monthly Sep 1995 - Feb 2026
Kenya (USD mn) -961.0 Feb 2026 monthly Oct 1992 - Feb 2026
South Korea (USD mn) 23,771.0 Apr 2026 monthly Jan 1966 - Apr 2026
Kosovo (USD mn) -651.2 Mar 2026 monthly Jan 2003 - Mar 2026
Kuwait (USD mn) 1,744.4 Dec 2025 monthly Jan 1993 - Dec 2025
Kyrgyzstan (USD mn) -696.2 Feb 2026 monthly Jan 2002 - Feb 2026
Laos (USD mn) 330.6 Dec 2025 quarterly Dec 1992 - Dec 2025
Latvia (USD mn) -456.0 Mar 2026 monthly Jan 1995 - Mar 2026
Lebanon (USD mn) -1,641.0 Feb 2026 monthly Jan 1993 - Feb 2026
Lithuania (USD mn) -590.8 Mar 2026 monthly Jan 1999 - Mar 2026
Luxembourg (USD mn) -965.6 Feb 2026 monthly Jan 1988 - Feb 2026
Macau SAR, China (USD mn) -1,438.5 Mar 2026 monthly Jan 1998 - Mar 2026
North Macedonia (USD mn) -193.5 Mar 2026 monthly Dec 1993 - Mar 2026
Malawi (USD mn) -213.9 Feb 2026 monthly Jan 1964 - Feb 2026
Malaysia (USD mn) 5,589.9 Mar 2026 monthly Jan 1990 - Mar 2026
Malta (USD mn) -300.0 Mar 2026 monthly Jan 1960 - Mar 2026
Mauritius (USD mn) -355.4 Feb 2026 monthly Jan 2006 - Feb 2026
Mexico (USD mn) 2,499.4 Mar 2026 monthly Jan 1993 - Mar 2026
Moldova (USD mn) -634.4 Feb 2026 monthly Jan 1992 - Feb 2026
Mongolia (USD mn) 735.3 Apr 2026 monthly Jan 1997 - Apr 2026
Montenegro (USD mn) -402.7 Mar 2026 monthly Jan 2005 - Mar 2026
Morocco (USD mn) -2,760.0 Mar 2026 monthly Jan 1957 - Mar 2026
Mozambique (USD mn) -217.9 Dec 2025 monthly Jan 2011 - Dec 2025
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -1,133.4 Apr 2026 monthly Aug 1974 - Apr 2026
Netherlands (USD mn) 11,731.8 Feb 2026 monthly Jan 1996 - Feb 2026
New Zealand (USD mn) 408.2 Mar 2026 monthly Jan 1960 - Mar 2026
Nigeria (USD mn) 245.1 Dec 2025 monthly Jan 2003 - Dec 2025
Norway (USD mn) 10,090.0 Mar 2026 monthly Jan 1957 - Mar 2026
Oman (USD mn) 990.9 Feb 2026 monthly Jan 1975 - Feb 2026
Pakistan (USD mn) -2,838.1 Mar 2026 monthly Jan 1968 - Mar 2026
Palestinian Territory (USD mn) -551.1 Feb 2026 monthly Jan 2011 - Feb 2026
Panama (USD mn) -952.4 Feb 2026 monthly Jan 1964 - Feb 2026
Paraguay (USD mn) 2.7 Apr 2026 monthly Jan 1994 - Apr 2026
Peru (USD mn) 4,189.0 Feb 2026 monthly Jan 1985 - Feb 2026
Philippines (USD mn) -4,511.8 Mar 2026 monthly Jan 1957 - Mar 2026
Poland (USD mn) -714.5 Feb 2026 monthly Jan 1986 - Feb 2026
Portugal (USD mn) -3,308.8 Mar 2026 monthly Jan 1957 - Mar 2026
Qatar (USD mn) 2,005.4 Mar 2026 monthly Jan 2014 - Mar 2026
Romania (USD mn) -3,382.2 Mar 2026 monthly Aug 1990 - Mar 2026
Russia (USD mn) 6,299.8 Feb 2026 monthly Jan 1998 - Feb 2026
Saudi Arabia (USD mn) 58,263.5 2025 yearly 1957 - 2025
Serbia (USD mn) -803.3 Mar 2026 monthly Jan 2001 - Mar 2026
Singapore (USD mn) 8,767.0 Mar 2026 monthly Jan 1976 - Mar 2026
Slovakia (USD mn) 683.6 Mar 2026 monthly Jan 2004 - Mar 2026
Slovenia (USD mn) -1,276.6 Mar 2026 monthly Nov 1991 - Mar 2026
South Africa (USD mn) 1,902.6 Mar 2026 monthly Oct 2004 - Mar 2026
Spain (USD mn) -4,923.7 Feb 2026 monthly Mar 1976 - Feb 2026
Sri Lanka (USD mn) -879.7 Mar 2026 monthly Jan 1982 - Mar 2026
Sudan (USD mn) -374.2 Dec 2025 monthly Jan 2003 - Dec 2025
Sweden (USD mn) 998.2 Mar 2026 monthly Jan 1957 - Mar 2026
Switzerland (USD mn) 5,950.6 Mar 2026 monthly Jan 1957 - Mar 2026

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.8 Dec 2025 quarterly Dec 2012 - Dec 2025
Consolidated Fiscal Balance (USD mn) -48.992 Mar 2026 monthly Jan 2012 - Mar 2026
Tax Revenue (USD mn) 264.763 Mar 2026 monthly Jan 2012 - Mar 2026
Tax Revenue: % of GDP (%) 26.9 Dec 2025 quarterly Mar 2012 - Dec 2025
National Government Debt (USD mn) 5,521.7 Sep 2025 monthly Dec 2010 - Sep 2025
Government Debt: % of GDP (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Forecast: Government Expenditure (EUR bn) 5.113 2031 yearly 2002 - 2031
Forecast: Government Net Debt (EUR bn) 7.483 2031 yearly 2002 - 2031
Forecast: Government Revenue (EUR bn) 4.623 2031 yearly 2002 - 2031
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 101,930,830.290 Mar 2026 monthly Jan 2012 - Mar 2026
General Govt Expenditure: Consolidated (EUR) 323,959,644.680 Mar 2026 monthly Jan 2012 - Mar 2026
General Govt Revenue: Cons: Taxes (EUR) 229,093,563.000 Mar 2026 monthly Jan 2012 - Mar 2026
General Govt Revenue: Cons: Taxes: Excises (EUR) 30,174,874.150 Mar 2026 monthly Jan 2012 - Mar 2026
General Government Revenue: Consolidated (EUR) 281,567,733.700 Mar 2026 monthly Jan 2012 - Mar 2026
General Govt Expenditure: Cons: ow Current (EUR) 293,660,674.690 Mar 2026 monthly Jan 2012 - Mar 2026
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -42,391,910.980 Mar 2026 monthly Jan 2012 - Mar 2026
Gross General Government External Debt (EUR mn) 4,417.700 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt: Domestic (EUR mn) 287.630 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt (EUR mn) 4,705.330 Sep 2025 monthly Dec 2010 - Sep 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -402.7 Mar 2026 monthly Jan 2005 - Mar 2026
Total Exports (USD mn) 58.5 Mar 2026 monthly Jan 2005 - Mar 2026
Total Exports Growth (%) -4.9 Mar 2026 monthly Jan 2006 - Mar 2026
Aluminum: Exports (USD th) 41,867.902 2024 yearly 2008 - 2024
Exports: Medicament (USD th) 41,859.324 2024 yearly 2008 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 95.438 2024 yearly 2008 - 2024
Total Imports (USD mn) 461.2 Mar 2026 monthly Jan 2005 - Mar 2026
Total Imports Growth (%) 6.9 Mar 2026 monthly Jan 2006 - Mar 2026
Imports: Medicament (USD th) 161,040.012 2024 yearly 2008 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 69,267.944 2024 yearly 2008 - 2024
Total Exports to USA (USD mn) 0.702 Mar 2026 monthly Jan 2010 - Mar 2026
Total Imports from USA (USD mn) 4.171 Mar 2026 monthly Jan 2006 - Mar 2026
Total Exports to China (USD mn) 1.559 Mar 2026 monthly Jan 2010 - Mar 2026
Total Imports from China (USD mn) 63.226 Mar 2026 monthly Jan 2006 - Mar 2026
Exports: Europe: CEFTA: Serbia (EUR th) 16,107.277 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Europe: EU-28: Slovenia (EUR th) 2,140.101 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 16,708.945 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Machinery & Transport Equipment (EUR th) 5,859.328 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Manufactured Goods (EUR th) 1,817.633 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Food & Live Animals (EUR th) 5,541.696 Mar 2026 monthly Mar 2009 - Mar 2026
Exports: Crude Materials: excl Fuels (EUR th) 8,387.819 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Europe: CEFTA: Serbia (EUR th) 68,246.476 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Europe: EU-28: Greece (EUR th) 21,927.367 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Miscellaneous Manufactured Goods (EUR th) 58,121.767 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Manufactured Goods (EUR th) 61,222.682 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Food & Live Animals (EUR th) 73,838.088 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Machinery & Transport Equipment (EUR th) 105,135.305 Mar 2026 monthly Mar 2009 - Mar 2026
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 31,824.470 Mar 2026 monthly Mar 2009 - Mar 2026
Exports (EUR th) 50,589.553 Mar 2026 monthly Jan 2005 - Mar 2026
Imports (EUR th) 399,027.617 Mar 2026 monthly Jan 2005 - Mar 2026
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 21.8 Dec 2025 quarterly Mar 2005 - Dec 2025
Current Account Balance (USD mn) 69.2 Sep 2025 quarterly Mar 2004 - Sep 2025
Current Account Balance: % of GDP (%) -35.8 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Direct Investment (USD mn) 213.3 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Direct Investment: % of GDP (%) 9.0 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment (USD mn) -89.045 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) -3.8 Dec 2025 quarterly Mar 2010 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 149.6 Dec 2025 quarterly Mar 2007 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 63.675 Dec 2025 quarterly Mar 2007 - Dec 2025
External Debt (USD mn) 8,741.3 2024 yearly 2006 - 2024
External Debt: % of GDP (%) 105.7 2024 yearly 2006 - 2024
External Debt: Short Term (USD mn) 235.2 2024 yearly 2007 - 2024
External Debt: Short Term: % of GDP (%) 2.8 2024 yearly 2007 - 2024
Forecast: Current Account Balance (USD bn) -2.088 2031 yearly 2001 - 2031
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
BoP: Current Account: Goods: Export (EUR th) 120,372.138 Dec 2018 quarterly Mar 2010 - Dec 2018
Foreign Direct Investment: Flow: Slovenia (EUR) 9,478,424.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Italy (EUR) 5,543,222.480 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 65,139,405.970 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 2023
Foreign Direct Investment: Flow: Russian Federation (EUR) 112,506,571.770 2023 yearly 2001 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.3 Jun 2024 monthly Aug 2010 - Jun 2024
Household Debt: % of GDP (%) 29.2 Dec 2025 quarterly Mar 2007 - Dec 2025
Non-Performing Loans (USD mn) 205.823 Jun 2024 monthly Dec 2010 - Jun 2024
M2 Growth (%) 9.9 2024 yearly 2003 - 2024
Reserve Requirement Ratio (%) 5.5 Mar 2026 monthly Jan 2002 - Mar 2026
Foreign Exchange Reserves (USD mn) 2,081.3 Dec 2025 monthly Dec 2002 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 22.409 Dec 2025 quarterly Dec 2006 - Dec 2025
Foreign Exchange Reserves: Months of Import (NA) 4.5 Dec 2025 monthly Jan 2005 - Dec 2025
Gold Reserves (USD mn) 0.000 Dec 2025 monthly Dec 2002 - Dec 2025
Total Deposits (USD mn) 6,822.109 Mar 2026 monthly Jan 2003 - Mar 2026
Total Deposits Growth (%) 5.2 Mar 2026 monthly Jan 2004 - Mar 2026
Domestic Credit (USD mn) 4,993.0 Mar 2026 monthly Jan 2005 - Mar 2026
Domestic Credit Growth (%) 10.7 Mar 2026 monthly Jan 2006 - Mar 2026
Household Debt (USD mn) 2,859.2 Mar 2026 monthly Dec 2004 - Mar 2026
Total Loans (USD mn) 6,442.943 Mar 2026 monthly Jan 2003 - Mar 2026
Total Loans Growth (%) 15.12 Mar 2026 monthly Jan 2004 - Mar 2026
Private Debt: % of Nominal GDP (%) 50.62 Dec 2025 quarterly Mar 2007 - Dec 2025
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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