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 308.1 USD mn in Mar 2023, compared with a deficit of 203.5 USD mn in the previous month
  • Montenegro's Trade Balance data is updated monthly, available from Jan 2005 to Mar 2023, with an averaged value of -170.2 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 62.7 USD mn in Mar 2023, a decrease of 21.3% YoY (year-on-year)
  • Total Imports recorded 370.7 USD mn in Mar 2023, an increase of 21.3% YoY (year-on-year)

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

Montenegro Trade Balance

What was Montenegro's Trade Balance in Mar 2023?

Montenegro's Trade Balance recorded a deficit of 308.1 USD mn in Mar 2023, compared with a deficit of 203.5 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-308.1 Mar 2023 -203.5 Feb 2023 -355.8 Jun 2022 -12.6 Feb 2005 USD mn monthly Jan 2005 - Mar 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) -360.6 Mar 2023 monthly Oct 1998 - Mar 2023
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) -806.4 Mar 2023 monthly Jan 1991 - Mar 2023
Armenia (USD mn) -437.3 Mar 2023 monthly Nov 1995 - Mar 2023
Australia (USD mn) 10,268.4 Mar 2023 monthly Jul 1971 - Mar 2023
Austria (USD mn) -2,260.7 Jan 2023 monthly Jan 1957 - Jan 2023
Azerbaijan (USD mn) 1,405.3 Feb 2023 monthly Jan 2000 - Feb 2023
Bahrain (USD mn) 8,242.9 2022 yearly 1966 - 2022
Bangladesh (USD mn) -956.9 Feb 2023 monthly Jul 1986 - Feb 2023
Belarus (USD mn) 73.1 Feb 2023 monthly Jan 2000 - Feb 2023
Belgium (USD mn) -21.7 Feb 2023 monthly Jan 1993 - Feb 2023
Bolivia (USD mn) -183.9 Feb 2023 monthly Oct 1994 - Feb 2023
Bosnia and Herzegovina (USD mn) -431.4 Feb 2023 monthly Jan 2000 - Feb 2023
Botswana (USD mn) -133.9 Feb 2023 monthly Jan 2001 - Feb 2023
Brazil (USD mn) 8,221.9 Apr 2023 monthly Jan 1959 - Apr 2023
Brunei (USD mn) 530.9 Jan 2023 monthly Jan 2003 - Jan 2023
Bulgaria (USD mn) -616.6 Feb 2023 monthly Jan 1995 - Feb 2023
Cambodia (USD mn) -224.4 Apr 2023 monthly Jun 2013 - Apr 2023
Canada (USD mn) 710.4 Mar 2023 monthly Jan 1988 - Mar 2023
Chile (USD mn) 2,906.3 Mar 2023 monthly Jan 1968 - Mar 2023
China (USD mn) 88,190.7 Mar 2023 monthly Jan 1981 - Mar 2023
Colombia (USD mn) -855.5 Feb 2023 monthly Jan 1958 - Feb 2023
Croatia (USD mn) -1,401.0 Jan 2023 monthly Jan 1993 - Jan 2023
Cyprus (USD mn) -568.2 Feb 2023 monthly Jan 1957 - Feb 2023
Czech Republic (USD mn) 2,026.8 Feb 2023 monthly Jan 1996 - Feb 2023
Denmark (USD mn) 1,531.5 Feb 2023 monthly Jan 1997 - Feb 2023
Ecuador (USD mn) 242.6 Feb 2023 monthly Mar 1992 - Feb 2023
Egypt (USD mn) -2,107.0 Feb 2023 monthly Jan 1957 - Feb 2023
Estonia (USD mn) -110.0 Feb 2023 monthly Jan 1993 - Feb 2023
European Union (USD mn) -1,085.3 Feb 2023 monthly Jan 2002 - Feb 2023
Finland (USD mn) -775.9 Feb 2023 monthly Jan 1992 - Feb 2023
France (USD mn) -10,599.3 Feb 2023 monthly Jan 2000 - Feb 2023
Georgia (USD mn) -688.3 Mar 2023 monthly Jan 1995 - Mar 2023
Germany (USD mn) 17,887.4 Mar 2023 monthly Jan 1957 - Mar 2023
Ghana (USD mn) 353.4 Feb 2023 monthly Mar 2005 - Feb 2023
Greece (USD mn) -2,416.3 Feb 2023 monthly Jan 2002 - Feb 2023
Hong Kong SAR, China (USD mn) -5,172.2 Mar 2023 monthly Jan 1957 - Mar 2023
Hungary (USD mn) 606.1 Feb 2023 monthly Jan 1976 - Feb 2023
Iceland (USD mn) -147.4 Mar 2023 monthly Jan 1957 - Mar 2023
India (USD mn) -19,730.0 Mar 2023 monthly Jan 1957 - Mar 2023
Indonesia (USD mn) 2,907.3 Mar 2023 monthly Jan 1967 - Mar 2023
Iran (USD mn) 22,668.0 2021 yearly 1948 - 2021
Ireland (USD mn) 5,716.5 Feb 2023 monthly Jan 1970 - Feb 2023
Israel (USD mn) -2,054.5 Mar 2023 monthly Jan 1988 - Mar 2023
Italy (USD mn) 2,137.1 Jan 2023 monthly Jan 1993 - Jan 2023
Ivory Coast (USD mn) 1,439.5 Jan 2023 monthly Jan 1981 - Jan 2023
Japan (USD mn) -9,051.7 Mar 2023 monthly Apr 1995 - Mar 2023
Jordan (USD mn) -698.5 Feb 2023 monthly Jan 1972 - Feb 2023
Kazakhstan (USD mn) 1,642.2 Feb 2023 monthly Sep 1995 - Feb 2023
Kenya (USD mn) -786.3 Feb 2023 monthly Oct 1992 - Feb 2023
South Korea (USD mn) -2,618.0 Apr 2023 monthly Jan 1957 - Apr 2023
Kosovo (USD mn) -457.1 Mar 2023 monthly Jan 2003 - Mar 2023
Kuwait (USD mn) 1,817.0 Mar 2021 monthly Jan 1993 - Mar 2021
Kyrgyzstan (USD mn) -622.7 Feb 2023 monthly Jan 2002 - Feb 2023
Laos (USD mn) 83.3 Dec 2022 quarterly Dec 1992 - Dec 2022
Latvia (USD mn) -239.9 Feb 2023 monthly Jan 1995 - Feb 2023
Lebanon (USD mn) -979.1 Dec 2022 monthly Jan 1993 - Dec 2022
Lithuania (USD mn) -516.1 Feb 2023 monthly Jan 1999 - Feb 2023
Luxembourg (USD mn) -784.3 Feb 2023 monthly Jan 1988 - Feb 2023
Macau SAR, China (USD mn) -1,442.0 Mar 2023 monthly Jan 1998 - Mar 2023
North Macedonia (USD mn) -222.0 Mar 2023 monthly Dec 1993 - Mar 2023
Malawi (USD mn) -30.3 Jun 2022 monthly Jan 1964 - Jun 2022
Malaysia (USD mn) 4,909.1 Mar 2023 monthly Jan 1990 - Mar 2023
Malta (USD mn) -201.7 Mar 2023 monthly Jan 1960 - Mar 2023
Mauritius (USD mn) -319.1 Feb 2023 monthly Jan 2006 - Feb 2023
Mexico (USD mn) 81.1 Mar 2023 monthly Jan 1993 - Mar 2023
Moldova (USD mn) -396.7 Feb 2023 monthly Jan 1992 - Feb 2023
Mongolia (USD mn) 779.1 Mar 2023 monthly Jan 1997 - Mar 2023
Montenegro (USD mn) -308.1 Mar 2023 monthly Jan 2005 - Mar 2023
Morocco (USD mn) -2,679.2 Mar 2023 monthly Jan 1957 - Mar 2023
Mozambique (USD mn) -29.5 Sep 2022 monthly Jan 2011 - Sep 2022
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -969.0 Mar 2023 monthly Aug 1974 - Mar 2023
Netherlands (USD mn) 13,703.7 Mar 2023 monthly Jan 1996 - Mar 2023
New Zealand (USD mn) -790.1 Mar 2023 monthly Jan 1960 - Mar 2023
Nigeria (USD mn) 2,505.4 Dec 2022 monthly Jan 2003 - Dec 2022
Norway (USD mn) 6,750.1 Mar 2023 monthly Jan 1957 - Mar 2023
Oman (USD mn) 1,598.2 Jan 2023 monthly Jan 1975 - Jan 2023
Pakistan (USD mn) -829.0 Apr 2023 monthly Jan 1968 - Apr 2023
Palestinian Territory (USD mn) -497.2 Feb 2023 monthly Jan 2011 - Feb 2023
Panama (USD mn) -911.4 Dec 2022 monthly Jan 1964 - Dec 2022
Paraguay (USD mn) 561.6 Apr 2023 monthly Jan 1994 - Apr 2023
Peru (USD mn) 865.7 Feb 2023 monthly Jan 1957 - Feb 2023
Philippines (USD mn) -4,927.8 Mar 2023 monthly Jan 1957 - Mar 2023
Poland (USD mn) 2,803.0 Feb 2023 monthly Jan 1986 - Feb 2023
Portugal (USD mn) -2,533.2 Feb 2023 monthly Jan 1957 - Feb 2023
Qatar (USD mn) 5,844.2 Mar 2023 monthly Jan 2014 - Mar 2023
Romania (USD mn) -2,193.3 Feb 2023 monthly Aug 1990 - Feb 2023
Russia (USD mn) 10,731.9 Jan 2023 monthly Jan 1998 - Jan 2023
Saudi Arabia (USD mn) 221,585.7 2022 yearly 1957 - 2022
Serbia (USD mn) -721.5 Mar 2023 monthly Jan 2001 - Mar 2023
Singapore (USD mn) 4,599.9 Mar 2023 monthly Jan 1976 - Mar 2023
Slovakia (USD mn) 861.4 Mar 2023 monthly Jan 2004 - Mar 2023
Slovenia (USD mn) 315.8 Feb 2023 monthly Nov 1991 - Feb 2023
South Africa (USD mn) 377.5 Mar 2023 monthly Oct 2004 - Mar 2023
Spain (USD mn) -5,200.1 Dec 2021 monthly Jan 1985 - Dec 2021
Sri Lanka (USD mn) -412.1 Mar 2023 monthly Jan 1982 - Mar 2023
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 658.6 Mar 2023 monthly Jan 1957 - Mar 2023
Switzerland (USD mn) 1,792.6 Mar 2023 monthly Jan 1957 - Mar 2023

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Montenegro Key Series

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Includes 177 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 (%) -4.5 Dec 2022 quarterly Dec 2012 - Dec 2022
Consolidated Fiscal Balance (USD mn) 42.729 Mar 2023 monthly Jan 2012 - Mar 2023
Tax Revenue (USD mn) 162.625 Mar 2023 monthly Jan 2012 - Mar 2023
Tax Revenue: % of GDP (%) 22.1 Dec 2022 quarterly Mar 2012 - Dec 2022
National Government Debt (USD mn) 3,912.9 Sep 2022 monthly Dec 2010 - Sep 2022
Government Debt: % of GDP (%) 71.5 Sep 2022 quarterly Dec 2010 - Sep 2022
Forecast: Government Expenditure (EUR bn) 3.932 2028 yearly 2002 - 2028
Forecast: Government Net Debt (EUR bn) 6.446 2028 yearly 2002 - 2028
Forecast: Government Revenue (EUR bn) 3.110 2027 yearly 2002 - 2027
General Govt Revenue: Cons: Taxes: Excises (EUR) 22,088,360.560 Dec 2022 monthly Jan 2012 - Dec 2022
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 53,023,975.450 Jan 2023 monthly Jan 2012 - Jan 2023
General Govt Revenue: Cons: Taxes (EUR) 102,838,730.770 Nov 2022 monthly Jan 2012 - Nov 2022
General Govt Expenditure: Consolidated (EUR) 171,551,959.190 Feb 2023 monthly Jan 2012 - Feb 2023
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 80,926,297.080 Mar 2023 monthly Jan 2012 - Mar 2023
General Govt Expenditure: Cons: ow Current (EUR) 114,320,653.610 Jan 2023 monthly Jan 2012 - Jan 2023
General Government Revenue: Consolidated (EUR) 233,452,908.550 Mar 2023 monthly Jan 2012 - Mar 2023
Gross General Government External Debt (EUR mn) 3,632.180 Jun 2022 monthly Dec 2010 - Jun 2022
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) -308.1 Mar 2023 monthly Jan 2005 - Mar 2023
Total Exports (USD mn) 62.7 Mar 2023 monthly Jan 2005 - Mar 2023
Total Exports Growth (%) -16.6 Mar 2023 monthly Jan 2006 - Mar 2023
Aluminum: Exports (USD th) 96,247.098 2021 yearly 2008 - 2021
Exports: Medicament (USD th) 26,928.286 2021 yearly 2008 - 2021
Exports: Medicinal and Pharmaceutical Product (USD th) 121.396 2021 yearly 2008 - 2021
Total Imports (USD mn) 370.7 Mar 2023 monthly Jan 2005 - Mar 2023
Total Imports Growth (%) 21.3 Mar 2023 monthly Jan 2006 - Mar 2023
Imports: Medicament (USD th) 115,290.855 2021 yearly 2008 - 2021
Imports: Medicinal and Pharmaceutical Product (USD th) 67,838.933 2021 yearly 2008 - 2021
Total Exports to USA (USD mn) 0.277 Mar 2023 monthly Jan 2010 - Mar 2023
Total Imports from USA (USD mn) 3.590 Mar 2023 monthly Jan 2006 - Mar 2023
Total Exports to China (USD mn) 0.052 Mar 2023 monthly Jan 2010 - Mar 2023
Total Imports from China (USD mn) 49.473 Mar 2023 monthly Jan 2006 - Mar 2023
Exports (EUR th) 58,525.082 Mar 2023 monthly Jan 2005 - Mar 2023
Exports: Machinery & Transport Equipment (EUR th) 2,739.437 Jan 2023 monthly Mar 2009 - Jan 2023
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 27,650.181 Mar 2023 monthly Mar 2009 - Mar 2023
Exports: Manufactured Goods (EUR th) 3,640.555 Jan 2023 monthly Mar 2009 - Jan 2023
Exports: Crude Materials: excl Fuels (EUR th) 6,123.634 Jan 2023 monthly Mar 2009 - Jan 2023
Exports: Food & Live Animals (EUR th) 3,274.098 Jan 2023 monthly Mar 2009 - Jan 2023
Exports: Europe: CEFTA: Serbia (EUR th) 15,319.314 Mar 2023 monthly Mar 2009 - Mar 2023
Exports: Europe: EU-28: Slovenia (EUR th) 23,287.678 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Miscellaneous Manufactured Goods (EUR th) 32,113.398 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Food & Live Animals (EUR th) 61,520.764 Mar 2023 monthly Mar 2009 - Mar 2023
Imports (EUR th) 346,136.588 Mar 2023 monthly Jan 2005 - Mar 2023
Imports: Machinery & Transport Equipment (EUR th) 48,370.037 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Manufactured Goods (EUR th) 38,090.060 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 26,262.701 Feb 2023 monthly Mar 2009 - Feb 2023
Imports: Europe: CEFTA: Serbia (EUR th) 32,077.814 Jan 2023 monthly Mar 2009 - Jan 2023
Imports: Europe: EU-28: Greece (EUR th) 13,798.878 Jan 2023 monthly Mar 2009 - Jan 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 24.5 Dec 2022 quarterly Mar 2005 - Dec 2022
Current Account Balance (USD mn) -291.0 Dec 2022 quarterly Mar 2004 - Dec 2022
Current Account Balance: % of GDP (%) -18.5 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Direct Investment (USD mn) 204.7 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Direct Investment: % of GDP (%) 13.0 Dec 2022 quarterly Mar 2010 - Dec 2022
Foreign Portfolio Investment (USD mn) 9.389 Dec 2022 quarterly Mar 2005 - Dec 2022
Foreign Portfolio Investment: % of GDP (%) -0.6 Sep 2022 quarterly Mar 2010 - Sep 2022
Foreign Portfolio Investment: Equity Securities (USD mn) 161.1 Dec 2022 quarterly Mar 2007 - Dec 2022
Foreign Portfolio Investment: Debt Securities (USD mn) 43.621 Dec 2022 quarterly Mar 2007 - Dec 2022
External Debt (USD mn) 10,552.3 2021 yearly 2006 - 2021
External Debt: % of GDP (%) 180.1 2021 yearly 2006 - 2021
External Debt: Short Term (USD mn) 386.4 2021 yearly 2007 - 2021
External Debt: Short Term: % of GDP (%) 6.6 2021 yearly 2007 - 2021
Forecast: Current Account Balance (USD bn) -1.145 2028 yearly 2001 - 2028
BoP: Current Account: Goods: Import (EUR th) 645,611.036 Dec 2018 quarterly Mar 2010 - Dec 2018
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
Balance of Payments (BoP): Current Account and Capital Account (EUR th) -374,597.413 Dec 2018 quarterly Mar 2010 - Dec 2018
Foreign Direct Investment: Flow: Slovenia (EUR) 10,149,239.710 2021 yearly 2001 - 2021
Foreign Direct Investment: Flow: Russian Federation (EUR) 164,526,989.970 2021 yearly 2001 - 2021
Foreign Direct Investment: Flow: Switzerland (EUR) 78,865,715.780 2021 yearly 2001 - 2021
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.7 Nov 2022 monthly Aug 2010 - Nov 2022
Household Debt: % of GDP (%) 26.8 Dec 2022 quarterly Dec 2010 - Dec 2022
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) -3.7 2020 yearly 2003 - 2020
Reserve Requirement Ratio (%) 5.5 Jan 2023 monthly Jan 2002 - Jan 2023
Foreign Exchange Reserves (USD mn) 1,825.7 Mar 2023 monthly Dec 2002 - Mar 2023
Foreign Exchange Reserves: % of GDP (%) 31.744 Dec 2022 quarterly Dec 2010 - Dec 2022
Foreign Exchange Reserves: Months of Import (NA) 4.9 Mar 2023 monthly Jan 2005 - Mar 2023
Gold Reserves (USD mn) 0.000 Feb 2023 monthly Dec 2002 - Feb 2023
Total Deposits (USD mn) 5,546.375 Feb 2023 monthly Jan 2003 - Feb 2023
Total Deposits Growth (%) 21.9 Feb 2023 monthly Jan 2004 - Feb 2023
Domestic Credit (USD mn) 3,477.6 Mar 2023 monthly Jan 2005 - Mar 2023
Domestic Credit Growth (%) 19.7 Feb 2023 monthly Jan 2006 - Feb 2023
Household Debt (USD mn) 1,719.7 Mar 2023 monthly Dec 2004 - Mar 2023
Total Loans (USD mn) 4,172.231 Mar 2023 monthly Jan 2003 - Mar 2023
Total Loans Growth (%) 11.57 Mar 2023 monthly Jan 2004 - Mar 2023
Private Debt: % of Nominal GDP (%) 47.95 Dec 2022 quarterly Dec 2010 - Dec 2022
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

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