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 346.5 USD mn in Aug 2024, compared with a deficit of 384.5 USD mn in the previous month
  • Montenegro's Trade Balance data is updated monthly, available from Jan 2005 to Aug 2024, with an averaged value of -176.4 USD mn
  • The data reached an all-time high of -12.6 USD mn in Feb 2005 and a record low of -384.5 USD mn in Jul 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 58.3 USD mn in Aug 2024, an increase of 3.7% YoY (year-on-year)
  • Total Imports recorded 404.8 USD mn in Aug 2024, an increase of 3.7% YoY (year-on-year)

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

Montenegro Trade Balance

What was Montenegro's Trade Balance in Aug 2024?

Montenegro's Trade Balance recorded a deficit of 346.5 USD mn in Aug 2024, compared with a deficit of 384.5 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-346.5 Aug 2024 -384.5 Jul 2024 -384.5 Jul 2024 -12.6 Feb 2005 USD mn monthly Jan 2005 - Aug 2024

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -513.9 Aug 2024 monthly Oct 1998 - Aug 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,907.3 Aug 2024 monthly Jan 1991 - Aug 2024
Armenia (USD mn) -263.7 Aug 2024 monthly Nov 1995 - Aug 2024
Australia (USD mn) 3,758.4 Aug 2024 monthly Jul 1971 - Aug 2024
Austria (USD mn) 525.7 Jun 2024 monthly Jan 1957 - Jun 2024
Azerbaijan (USD mn) 162.0 Aug 2024 monthly Jan 2000 - Aug 2024
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -1,386.9 Jul 2024 monthly Jul 1986 - Jul 2024
Belarus (USD mn) -210.6 Jul 2024 monthly Jan 2000 - Jul 2024
Belgium (USD mn) 3,259.1 May 2024 monthly Jan 1993 - May 2024
Bolivia (USD mn) 47.9 Aug 2024 monthly Oct 1994 - Aug 2024
Bosnia and Herzegovina (USD mn) -597.0 Aug 2024 monthly Jan 2000 - Aug 2024
Botswana (USD mn) -310.1 Jul 2024 monthly Jan 2001 - Jul 2024
Brazil (USD mn) 5,363.4 Sep 2024 monthly Jan 1959 - Sep 2024
Brunei (USD mn) 282.7 Jul 2024 monthly Jan 2010 - Jul 2024
Bulgaria (USD mn) -436.8 Jul 2024 monthly Jan 1995 - Jul 2024
Cambodia (USD mn) 82.9 Sep 2024 monthly Jun 2013 - Sep 2024
Canada (USD mn) -803.1 Aug 2024 monthly Jan 1988 - Aug 2024
Chile (USD mn) 1,816.0 Sep 2024 monthly Jan 1968 - Sep 2024
China (USD mn) 91,021.6 Aug 2024 monthly Jan 1992 - Aug 2024
Colombia (USD mn) -962.8 Jul 2024 monthly Jan 1958 - Jul 2024
Croatia (USD mn) -1,452.7 Jul 2024 monthly Jan 1993 - Jul 2024
Cyprus (USD mn) -740.7 Aug 2024 monthly Jan 1957 - Aug 2024
Czech Republic (USD mn) 1,710.5 Aug 2024 monthly Jan 1996 - Aug 2024
Denmark (USD mn) 4,118.0 Aug 2024 monthly Jan 1997 - Aug 2024
Ecuador (USD mn) 428.6 Aug 2024 monthly Mar 1992 - Aug 2024
Egypt (USD mn) -4,601.0 Jul 2024 monthly Jan 1957 - Jul 2024
Estonia (USD mn) -185.8 Aug 2024 monthly Jan 1993 - Aug 2024
European Union (USD mn) 16,314.3 Jun 2024 monthly Jan 2002 - Jun 2024
Finland (USD mn) -103.5 Jan 2024 monthly Jan 1992 - Jan 2024
France (USD mn) -8,122.8 Aug 2024 monthly Jan 2000 - Aug 2024
Georgia (USD mn) -702.4 Aug 2024 monthly Jan 1995 - Aug 2024
Germany (USD mn) 25,026.4 Aug 2024 monthly Jan 1957 - Aug 2024
Ghana (USD mn) 406.2 Jun 2024 monthly Mar 2005 - Jun 2024
Greece (USD mn) -2,936.2 Jul 2024 monthly Jan 2002 - Jul 2024
Hong Kong SAR, China (USD mn) -4,249.6 Aug 2024 monthly Jan 1957 - Aug 2024
Hungary (USD mn) 180.9 Jul 2024 monthly Jan 1976 - Jul 2024
Iceland (USD mn) -196.8 Aug 2024 monthly Jan 1957 - Aug 2024
India (USD mn) -29,650.0 Aug 2024 monthly Jan 1957 - Aug 2024
Indonesia (USD mn) 499.7 Jul 2024 monthly Jan 1967 - Jul 2024
Iran (USD mn) 32,176.0 2023 yearly 1948 - 2023
Ireland (USD mn) 7,654.7 May 2024 monthly Jan 1970 - May 2024
Israel (USD mn) -1,645.4 Aug 2024 monthly Jan 1988 - Aug 2024
Italy (USD mn) 4,794.9 Jun 2024 monthly Jan 1993 - Jun 2024
Ivory Coast (USD mn) 2,358.4 Jun 2024 monthly Jan 1981 - Jun 2024
Japan (USD mn) -4,073.8 Aug 2024 monthly Apr 1995 - Aug 2024
Jordan (USD mn) -1,320.4 Jul 2024 monthly Jan 1972 - Jul 2024
Kazakhstan (USD mn) 1,782.9 May 2024 monthly Sep 1995 - May 2024
Kenya (USD mn) -887.7 May 2024 monthly Oct 1992 - May 2024
South Korea (USD mn) 6,658.0 Sep 2024 monthly Jan 1966 - Sep 2024
Kosovo (USD mn) -549.3 Aug 2024 monthly Jan 2003 - Aug 2024
Kuwait (USD mn) 3,536.5 Jun 2024 monthly Jan 1993 - Jun 2024
Kyrgyzstan (USD mn) -624.9 Jun 2024 monthly Jan 2002 - Jun 2024
Laos (USD mn) -71.8 Jun 2024 quarterly Dec 1992 - Jun 2024
Latvia (USD mn) -369.9 Aug 2024 monthly Jan 1995 - Aug 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -498.1 Aug 2024 monthly Jan 1999 - Aug 2024
Luxembourg (USD mn) -835.7 Jul 2024 monthly Jan 1988 - Jul 2024
Macau SAR, China (USD mn) -1,153.0 Aug 2024 monthly Jan 1998 - Aug 2024
North Macedonia (USD mn) -250.4 Aug 2024 monthly Dec 1993 - Aug 2024
Malawi (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Malaysia (USD mn) 2,216.2 Aug 2024 monthly Jan 1990 - Aug 2024
Malta (USD mn) -399.1 Aug 2024 monthly Jan 1960 - Aug 2024
Mauritius (USD mn) -369.3 Jul 2024 monthly Jan 2006 - Jul 2024
Mexico (USD mn) -2,565.3 Aug 2024 monthly Jan 1993 - Aug 2024
Moldova (USD mn) -503.5 Jul 2024 monthly Jan 1992 - Jul 2024
Mongolia (USD mn) 344.2 Jul 2024 monthly Jan 1997 - Jul 2024
Montenegro (USD mn) -346.5 Aug 2024 monthly Jan 2005 - Aug 2024
Morocco (USD mn) -2,850.6 Aug 2024 monthly Jan 1957 - Aug 2024
Mozambique (USD mn) 106.5 Jun 2024 monthly Jan 2011 - Jun 2024
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -903.3 Sep 2024 monthly Aug 1974 - Sep 2024
Netherlands (USD mn) 12,211.3 Aug 2024 monthly Jan 1996 - Aug 2024
New Zealand (USD mn) -1,341.2 Aug 2024 monthly Jan 1960 - Aug 2024
Nigeria (USD mn) 2,786.0 Jun 2024 monthly Jan 2003 - Jun 2024
Norway (USD mn) 5,459.0 May 2024 monthly Jan 1957 - May 2024
Oman (USD mn) 1,680.0 Jul 2024 monthly Jan 1975 - Jul 2024
Pakistan (USD mn) -1,780.0 Sep 2024 monthly Jan 1968 - Sep 2024
Palestinian Territory (USD mn) -484.2 Jul 2024 monthly Jan 2011 - Jul 2024
Panama (USD mn) -1,146.3 Jul 2024 monthly Jan 1964 - Jul 2024
Paraguay (USD mn) -57.0 Aug 2024 monthly Jan 1994 - Aug 2024
Peru (USD mn) 1,811.9 Aug 2024 monthly Jan 1985 - Aug 2024
Philippines (USD mn) -4,375.4 Aug 2024 monthly Jan 1957 - Aug 2024
Poland (USD mn) -838.2 Jul 2024 monthly Jan 1986 - Jul 2024
Portugal (USD mn) -2,909.7 Aug 2024 monthly Jan 1957 - Aug 2024
Qatar (USD mn) 5,531.0 Jul 2024 monthly Jan 2014 - Jul 2024
Romania (USD mn) -3,174.6 Aug 2024 monthly Aug 1990 - Aug 2024
Russia (USD mn) 11,220.7 Jul 2024 monthly Jan 1998 - Jul 2024
Saudi Arabia (USD mn) 113,078.6 2023 yearly 1957 - 2023
Serbia (USD mn) -986.1 Aug 2024 monthly Jan 2001 - Aug 2024
Singapore (USD mn) 4,820.3 Jul 2024 monthly Jan 1976 - Jul 2024
Slovakia (USD mn) 155.3 Aug 2024 monthly Jan 2004 - Aug 2024
Slovenia (USD mn) -544.7 Aug 2024 monthly Nov 1991 - Aug 2024
South Africa (USD mn) 312.1 Aug 2024 monthly Oct 2004 - Aug 2024
Spain (USD mn) -4,050.1 May 2024 monthly Jun 1974 - May 2024
Sri Lanka (USD mn) -429.6 Aug 2024 monthly Jan 1982 - Aug 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) -510.1 Aug 2024 monthly Jan 1957 - Aug 2024
Switzerland (USD mn) 5,367.6 Aug 2024 monthly Jan 1957 - Aug 2024

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.6 Jun 2024 quarterly Dec 2012 - Jun 2024
Consolidated Fiscal Balance (USD mn) 56.264 Aug 2024 monthly Jan 2012 - Aug 2024
Tax Revenue (USD mn) 206.925 Aug 2024 monthly Jan 2012 - Aug 2024
Tax Revenue: % of GDP (%) 28.8 Jun 2024 quarterly Mar 2012 - Jun 2024
National Government Debt (USD mn) 4,796.4 Jun 2024 monthly Dec 2010 - Jun 2024
Government Debt: % of GDP (%) 62.1 Jun 2024 quarterly Dec 2010 - Jun 2024
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) 255,360,081.630 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 126,480,010.050 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Revenue: Cons: Taxes: Excises (EUR) 43,213,446.430 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Balance: Consolidated: Deficit or Surplus (EUR) 51,056,348.340 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Revenue: Cons: Taxes (EUR) 187,772,027.160 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Expenditure: Consolidated (EUR) 204,303,733.290 Aug 2024 monthly Jan 2012 - Aug 2024
General Govt Expenditure: Cons: ow Current (EUR) 193,445,867.520 Aug 2024 monthly Jan 2012 - Aug 2024
Gross General Government External Debt (EUR mn) 4,091.320 Jun 2024 monthly Dec 2010 - Jun 2024
Gross General Government Debt (EUR mn) 4,478.030 Jun 2024 monthly Dec 2010 - Jun 2024
Gross General Government Debt: Domestic (EUR mn) 386.700 Jun 2024 monthly Dec 2010 - Jun 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -346.5 Aug 2024 monthly Jan 2005 - Aug 2024
Total Exports (USD mn) 58.3 Aug 2024 monthly Jan 2005 - Aug 2024
Total Exports Growth (%) 4.9 Aug 2024 monthly Jan 2006 - Aug 2024
Aluminum: Exports (USD th) 77,568.321 2023 yearly 2008 - 2023
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) 404.8 Aug 2024 monthly Jan 2005 - Aug 2024
Total Imports Growth (%) 3.7 Aug 2024 monthly Jan 2006 - Aug 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) 0.391 Aug 2024 monthly Jan 2010 - Aug 2024
Total Imports from USA (USD mn) 4.737 Aug 2024 monthly Jan 2006 - Aug 2024
Total Exports to China (USD mn) 2.839 Aug 2024 monthly Jan 2010 - Aug 2024
Total Imports from China (USD mn) 47.199 Aug 2024 monthly Jan 2006 - Aug 2024
Imports (EUR th) 367,331.900 Aug 2024 monthly Jan 2005 - Aug 2024
Exports (EUR th) 52,893.732 Aug 2024 monthly Jan 2005 - Aug 2024
Exports: Machinery & Transport Equipment (EUR th) 5,420.126 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 12,739.879 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Manufactured Goods (EUR th) 4,671.769 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Food & Live Animals (EUR th) 4,592.456 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Crude Materials: excl Fuels (EUR th) 7,849.838 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Europe: CEFTA: Serbia (EUR th) 14,149.687 Aug 2024 monthly Mar 2009 - Aug 2024
Exports: Europe: EU-28: Slovenia (EUR th) 2,916.232 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Miscellaneous Manufactured Goods (EUR th) 47,462.643 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Manufactured Goods (EUR th) 48,113.911 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Food & Live Animals (EUR th) 77,030.348 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Machinery & Transport Equipment (EUR th) 76,118.029 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 55,713.249 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Europe: CEFTA: Serbia (EUR th) 68,774.605 Aug 2024 monthly Mar 2009 - Aug 2024
Imports: Europe: EU-28: Greece (EUR th) 29,343.743 Aug 2024 monthly Mar 2009 - Aug 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 17.3 Jun 2024 quarterly Mar 2005 - Jun 2024
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) -22.8 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Direct Investment (USD mn) 154.9 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Direct Investment: % of GDP (%) 7.8 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) -9.733 Jun 2024 quarterly Mar 2005 - Jun 2024
Foreign Portfolio Investment: % of GDP (%) -0.5 Jun 2024 quarterly Mar 2010 - Jun 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
Foreign Direct Investment: Flow: Slovenia (EUR) 9,478,424.000 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 2023
Foreign Direct Investment: Flow: Italy (EUR) 5,543,222.480 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Russian Federation (EUR) 112,506,571.770 2023 yearly 2001 - 2023
Foreign Direct Investment: Flow: Switzerland (EUR) 65,139,405.970 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 (%) 25.2 Jun 2024 quarterly Dec 2010 - Jun 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 Aug 2024 monthly Jan 2002 - Aug 2024
Foreign Exchange Reserves (USD mn) 1,600.1 Jul 2024 monthly Dec 2002 - Jul 2024
Foreign Exchange Reserves: % of GDP (%) 20.266 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 3.7 Jul 2024 monthly Jan 2005 - Jul 2024
Gold Reserves (USD mn) 0.000 Jul 2024 monthly Dec 2002 - Jul 2024
Total Deposits (USD mn) 6,274.383 Aug 2024 monthly Jan 2003 - Aug 2024
Total Deposits Growth (%) 3.1 Aug 2024 monthly Jan 2004 - Aug 2024
Domestic Credit (USD mn) 3,555.8 Aug 2024 monthly Jan 2005 - Aug 2024
Domestic Credit Growth (%) -0.8 Aug 2024 monthly Jan 2006 - Aug 2024
Household Debt (USD mn) 2,053.6 Aug 2024 monthly Dec 2004 - Aug 2024
Total Loans (USD mn) 5,141.114 Aug 2024 monthly Jan 2003 - Aug 2024
Total Loans Growth (%) 17.08 Aug 2024 monthly Jan 2004 - Aug 2024
Private Debt: % of Nominal GDP (%) 45.02 Jun 2024 quarterly Dec 2010 - Jun 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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