Montenegro Trade Balance

2005 - 2024 | Monthly | USD mn | CEIC Data

Key information about Montenegro's Trade Balance

  • Montenegro's Trade Balance recorded a deficit of 296.2 USD mn in May 2024, compared with a deficit of 360.2 USD mn in the previous month
  • Montenegro's Trade Balance data is updated monthly, available from Jan 2005 to May 2024, with an averaged value of -175.7 USD mn
  • The data reached an all-time high of -12.6 USD mn in Feb 2005 and a record low of -360.2 USD mn in Apr 2024
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 50.5 USD mn in May 2024, an increase of 2.2% YoY (year-on-year)
  • Total Imports recorded 346.7 USD mn in May 2024, a decrease of 2.2% YoY (year-on-year)

View Montenegro's Trade Balance from Jan 2005 to May 2024 in the chart:

Montenegro Trade Balance

What was Montenegro's Trade Balance in May 2024?

Montenegro's Trade Balance recorded a deficit of 296.2 USD mn in May 2024, compared with a deficit of 360.2 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-296.2 May 2024 -360.2 Apr 2024 -360.2 Apr 2024 -12.6 Feb 2005 USD mn monthly Jan 2005 - May 2024

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -481.8 May 2024 monthly Oct 1998 - May 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 2,181.3 May 2024 monthly Jan 1991 - May 2024
Armenia (USD mn) -242.8 May 2024 monthly Nov 1995 - May 2024
Australia (USD mn) 3,825.2 May 2024 monthly Jul 1971 - May 2024
Austria (USD mn) 1,275.4 Feb 2024 monthly Jan 1957 - Feb 2024
Azerbaijan (USD mn) 1,134.1 May 2024 monthly Jan 2000 - May 2024
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -2,435.9 Apr 2024 monthly Jul 1986 - Apr 2024
Belarus (USD mn) -67.6 Apr 2024 monthly Jan 2000 - Apr 2024
Belgium (USD mn) 2,411.2 Mar 2024 monthly Jan 1993 - Mar 2024
Bolivia (USD mn) -47.7 Apr 2024 monthly Oct 1994 - Apr 2024
Bosnia and Herzegovina (USD mn) -612.0 May 2024 monthly Jan 2000 - May 2024
Botswana (USD mn) -168.9 Apr 2024 monthly Jan 2001 - Apr 2024
Brazil (USD mn) 6,711.0 Jun 2024 monthly Jan 1959 - Jun 2024
Brunei (USD mn) 311.2 Apr 2024 monthly Jan 2010 - Apr 2024
Bulgaria (USD mn) -697.4 Apr 2024 monthly Jan 1995 - Apr 2024
Cambodia (USD mn) -503.4 May 2024 monthly Jun 2013 - May 2024
Canada (USD mn) -1,409.8 May 2024 monthly Jan 1988 - May 2024
Chile (USD mn) 1,597.6 May 2024 monthly Jan 1968 - May 2024
China (USD mn) 82,622.1 May 2024 monthly Jan 1992 - May 2024
Colombia (USD mn) -1,430.6 Apr 2024 monthly Jan 1958 - Apr 2024
Croatia (USD mn) -1,746.1 Mar 2024 monthly Jan 1993 - Mar 2024
Cyprus (USD mn) -796.9 Apr 2024 monthly Jan 1957 - Apr 2024
Czech Republic (USD mn) 3,303.6 Mar 2024 monthly Jan 1996 - Mar 2024
Denmark (USD mn) 821.7 Mar 2024 monthly Jan 1997 - Mar 2024
Ecuador (USD mn) 595.1 Apr 2024 monthly Mar 1992 - Apr 2024
Egypt (USD mn) -2,681.0 Apr 2024 monthly Jan 1957 - Apr 2024
Estonia (USD mn) -327.1 Apr 2024 monthly Jan 1993 - Apr 2024
European Union (USD mn) 18,833.2 Apr 2024 monthly Jan 2002 - Apr 2024
Finland (USD mn) -103.5 Jan 2024 monthly Jan 1992 - Jan 2024
France (USD mn) -8,127.7 Apr 2024 monthly Jan 2000 - Apr 2024
Georgia (USD mn) -766.7 May 2024 monthly Jan 1995 - May 2024
Germany (USD mn) 23,850.2 Apr 2024 monthly Jan 1957 - Apr 2024
Ghana (USD mn) 539.1 Dec 2023 monthly Mar 2005 - Dec 2023
Greece (USD mn) -3,231.0 Apr 2024 monthly Jan 2002 - Apr 2024
Hong Kong SAR, China (USD mn) -1,554.5 May 2024 monthly Jan 1957 - May 2024
Hungary (USD mn) 1,894.7 Apr 2024 monthly Jan 1976 - Apr 2024
Iceland (USD mn) -282.2 Jun 2024 monthly Jan 1957 - Jun 2024
India (USD mn) -23,780.0 May 2024 monthly Jan 1957 - May 2024
Indonesia (USD mn) 2,927.0 May 2024 monthly Jan 1967 - May 2024
Iran (USD mn) 25,912.0 2023 yearly 1948 - 2023
Ireland (USD mn) 9,055.7 Apr 2024 monthly Jan 1970 - Apr 2024
Israel (USD mn) -2,433.5 May 2024 monthly Jan 1988 - May 2024
Italy (USD mn) 6,397.9 Apr 2024 monthly Jan 1993 - Apr 2024
Ivory Coast (USD mn) 2,317.3 Mar 2024 monthly Jan 1981 - Mar 2024
Japan (USD mn) -3,966.4 May 2024 monthly Apr 1995 - May 2024
Jordan (USD mn) -1,053.6 Apr 2024 monthly Jan 1972 - Apr 2024
Kazakhstan (USD mn) 2,037.9 Apr 2024 monthly Sep 1995 - Apr 2024
Kenya (USD mn) -957.2 Jan 2024 monthly Oct 1992 - Jan 2024
South Korea (USD mn) 7,999.0 Jun 2024 monthly Jan 1966 - Jun 2024
Kosovo (USD mn) -465.5 May 2024 monthly Jan 2003 - May 2024
Kuwait (USD mn) 2,950.3 Feb 2024 monthly Jan 1993 - Feb 2024
Kyrgyzstan (USD mn) -947.0 Apr 2024 monthly Jan 2002 - Apr 2024
Laos (USD mn) -170.9 Dec 2023 quarterly Dec 1992 - Dec 2023
Latvia (USD mn) -347.6 Apr 2024 monthly Jan 1995 - Apr 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -367.2 Mar 2024 monthly Jan 1999 - Mar 2024
Luxembourg (USD mn) -630.6 Apr 2024 monthly Jan 1988 - Apr 2024
Macau SAR, China (USD mn) -1,190.6 May 2024 monthly Jan 1998 - May 2024
North Macedonia (USD mn) -331.1 Apr 2024 monthly Dec 1993 - Apr 2024
Malawi (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Malaysia (USD mn) 4,006.8 May 2024 monthly Jan 1990 - May 2024
Malta (USD mn) -356.5 Apr 2024 monthly Jan 1960 - Apr 2024
Mauritius (USD mn) -337.8 Apr 2024 monthly Jan 2006 - Apr 2024
Mexico (USD mn) 970.6 May 2024 monthly Jan 1993 - May 2024
Moldova (USD mn) -484.0 Apr 2024 monthly Jan 1992 - Apr 2024
Mongolia (USD mn) 449.6 May 2024 monthly Jan 1997 - May 2024
Montenegro (USD mn) -296.2 May 2024 monthly Jan 2005 - May 2024
Morocco (USD mn) -2,642.4 May 2024 monthly Jan 1957 - May 2024
Mozambique (USD mn) -61.7 Mar 2024 monthly Jan 2011 - Mar 2024
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -927.0 May 2024 monthly Aug 1974 - May 2024
Netherlands (USD mn) 13,488.6 Apr 2024 monthly Jan 1996 - Apr 2024
New Zealand (USD mn) 54.4 Apr 2024 monthly Jan 1960 - Apr 2024
Nigeria (USD mn) 1,428.5 Mar 2024 monthly Jan 2003 - Mar 2024
Norway (USD mn) 5,459.0 May 2024 monthly Jan 1957 - May 2024
Oman (USD mn) 2,278.4 Mar 2024 monthly Jan 1975 - Mar 2024
Pakistan (USD mn) -2,108.2 May 2024 monthly Jan 1968 - May 2024
Palestinian Territory (USD mn) -317.5 Apr 2024 monthly Jan 2011 - Apr 2024
Panama (USD mn) -1,093.6 Apr 2024 monthly Jan 1964 - Apr 2024
Paraguay (USD mn) 228.4 May 2024 monthly Jan 1994 - May 2024
Peru (USD mn) 650.0 Apr 2024 monthly Jan 1985 - Apr 2024
Philippines (USD mn) -4,760.9 Apr 2024 monthly Jan 1957 - Apr 2024
Poland (USD mn) 642.7 Apr 2024 monthly Jan 1986 - Apr 2024
Portugal (USD mn) -1,762.5 Mar 2024 monthly Jan 1957 - Mar 2024
Qatar (USD mn) 4,833.0 May 2024 monthly Jan 2014 - May 2024
Romania (USD mn) -2,865.8 Apr 2024 monthly Aug 1990 - Apr 2024
Russia (USD mn) 12,223.2 Apr 2024 monthly Jan 1998 - Apr 2024
Saudi Arabia (USD mn) 113,078.6 2023 yearly 1957 - 2023
Serbia (USD mn) -928.0 May 2024 monthly Jan 2001 - May 2024
Singapore (USD mn) 3,377.8 May 2024 monthly Jan 1976 - May 2024
Slovakia (USD mn) 499.5 Apr 2024 monthly Jan 2004 - Apr 2024
Slovenia (USD mn) 160.9 Apr 2024 monthly Nov 1991 - Apr 2024
South Africa (USD mn) 1,091.2 May 2024 monthly Oct 2004 - May 2024
Spain (USD mn) -4,338.5 Apr 2024 monthly May 1974 - Apr 2024
Sri Lanka (USD mn) -393.3 May 2024 monthly Jan 1982 - May 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 1,107.0 May 2024 monthly Jan 1957 - May 2024
Switzerland (USD mn) 6,609.8 May 2024 monthly Jan 1957 - May 2024

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.8 Mar 2024 quarterly Dec 2012 - Mar 2024
Consolidated Fiscal Balance (USD mn) 63.959 Apr 2024 monthly Jan 2012 - Apr 2024
Tax Revenue (USD mn) 152.124 May 2024 monthly Jan 2012 - May 2024
Tax Revenue: % of GDP (%) 31.6 Mar 2024 quarterly Mar 2012 - Mar 2024
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) 6.396 2029 yearly 2002 - 2029
Forecast: Government Revenue (EUR bn) 3.914 2029 yearly 2002 - 2029
General Government Revenue: Consolidated (EUR) 318,670,447.670 Apr 2024 monthly Jan 2012 - Apr 2024
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 88,184,792.750 May 2024 monthly Jan 2012 - May 2024
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 59,640,633.540 Apr 2024 monthly Jan 2012 - Apr 2024
General Govt Expenditure: Consolidated (EUR) 259,029,814.130 Apr 2024 monthly Jan 2012 - Apr 2024
General Govt Expenditure: Cons: ow Current (EUR) 237,044,567.890 Apr 2024 monthly Jan 2012 - Apr 2024
General Govt Revenue: Cons: Taxes (EUR) 140,725,508.580 May 2024 monthly Jan 2012 - May 2024
General Govt Revenue: Cons: Taxes: Excises (EUR) 31,723,753.750 May 2024 monthly Jan 2012 - May 2024
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) -296.2 May 2024 monthly Jan 2005 - May 2024
Total Exports (USD mn) 50.5 May 2024 monthly Jan 2005 - May 2024
Total Exports Growth (%) 0.2 May 2024 monthly Jan 2006 - May 2024
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) 346.7 May 2024 monthly Jan 2005 - May 2024
Total Imports Growth (%) -2.2 May 2024 monthly Jan 2006 - May 2024
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) 0.258 May 2024 monthly Jan 2010 - May 2024
Total Imports from USA (USD mn) 3.282 May 2024 monthly Jan 2006 - May 2024
Total Exports to China (USD mn) 0.463 May 2024 monthly Jan 2010 - May 2024
Total Imports from China (USD mn) 37.660 May 2024 monthly Jan 2006 - May 2024
Exports (EUR th) 46,687.083 May 2024 monthly Jan 2005 - May 2024
Exports: Machinery & Transport Equipment (EUR th) 9,068.948 May 2024 monthly Mar 2009 - May 2024
Exports: Manufactured Goods (EUR th) 4,875.919 May 2024 monthly Mar 2009 - May 2024
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 6,062.364 May 2024 monthly Mar 2009 - May 2024
Exports: Crude Materials: excl Fuels (EUR th) 6,962.079 May 2024 monthly Mar 2009 - May 2024
Exports: Food & Live Animals (EUR th) 3,568.090 May 2024 monthly Mar 2009 - May 2024
Exports: Europe: CEFTA: Serbia (EUR th) 16,717.276 May 2024 monthly Mar 2009 - May 2024
Exports: Europe: EU-28: Slovenia (EUR th) 1,681.274 May 2024 monthly Mar 2009 - May 2024
Imports: Miscellaneous Manufactured Goods (EUR th) 44,409.767 May 2024 monthly Mar 2009 - May 2024
Imports: Manufactured Goods (EUR th) 48,433.907 May 2024 monthly Mar 2009 - May 2024
Imports: Food & Live Animals (EUR th) 62,071.069 May 2024 monthly Mar 2009 - May 2024
Imports (EUR th) 320,692.964 May 2024 monthly Jan 2005 - May 2024
Imports: Machinery & Transport Equipment (EUR th) 78,407.684 May 2024 monthly Mar 2009 - May 2024
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 33,914.717 May 2024 monthly Mar 2009 - May 2024
Imports: Europe: EU-28: Greece (EUR th) 18,301.032 May 2024 monthly Mar 2009 - May 2024
Imports: Europe: CEFTA: Serbia (EUR th) 55,001.236 May 2024 monthly Mar 2009 - May 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 21.9 Mar 2024 quarterly Mar 2005 - Mar 2024
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) -32.1 Mar 2024 quarterly Mar 2010 - Mar 2024
Foreign Direct Investment (USD mn) 149.5 Mar 2024 quarterly Mar 2005 - Mar 2024
Foreign Direct Investment: % of GDP (%) 10.2 Mar 2024 quarterly Mar 2010 - Mar 2024
Foreign Portfolio Investment (USD mn) 736.682 Mar 2024 quarterly Mar 2005 - Mar 2024
Foreign Portfolio Investment: % of GDP (%) 50.1 Mar 2024 quarterly Mar 2010 - Mar 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 112.0 Mar 2024 quarterly Mar 2007 - Mar 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 37.495 Mar 2024 quarterly Mar 2007 - Mar 2024
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: 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
Gross General Government External Debt (EUR mn) 3,613.400 Jun 2023 monthly Dec 2010 - Jun 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 18,559,843.260 2022 yearly 2001 - 2022
Foreign Direct Investment: Flow: Russian Federation (EUR) 27,472,844.110 2022 yearly 2001 - 2022
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 5.1 Feb 2024 monthly Aug 2010 - Feb 2024
Household Debt: % of GDP (%) 25.0 Mar 2024 quarterly Dec 2010 - Mar 2024
Non-Performing Loans (USD mn) 218.559 Nov 2022 monthly Dec 2010 - Nov 2022
M2 Growth (%) 12.0 2023 yearly 2003 - 2023
Reserve Requirement Ratio (%) 5.5 Mar 2024 monthly Jan 2002 - Mar 2024
Foreign Exchange Reserves (USD mn) 1,678.1 May 2024 monthly Dec 2002 - May 2024
Foreign Exchange Reserves: % of GDP (%) 24.889 Mar 2024 quarterly Dec 2010 - Mar 2024
Foreign Exchange Reserves: Months of Import (NA) 4.8 May 2024 monthly Jan 2005 - May 2024
Gold Reserves (USD mn) 0.000 May 2024 monthly Dec 2002 - May 2024
Total Deposits (USD mn) 5,791.617 May 2024 monthly Jan 2003 - May 2024
Total Deposits Growth (%) 2.8 May 2024 monthly Jan 2004 - May 2024
Domestic Credit (USD mn) 3,456.4 May 2024 monthly Jan 2005 - May 2024
Domestic Credit Growth (%) -3.7 May 2024 monthly Jan 2006 - May 2024
Household Debt (USD mn) 1,943.1 May 2024 monthly Dec 2004 - May 2024
Total Loans (USD mn) 4,752.825 May 2024 monthly Jan 2003 - May 2024
Total Loans Growth (%) 13.39 May 2024 monthly Jan 2004 - May 2024
Private Debt: % of Nominal GDP (%) 44.10 Mar 2024 quarterly Dec 2010 - Mar 2024
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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