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 257.0 USD mn in Nov 2024, compared with a deficit of 340.1 USD mn in the previous month
  • Montenegro's Trade Balance data is updated monthly, available from Jan 2005 to Nov 2024, with an averaged value of -177.6 USD mn
  • The data reached an all-time high of -12.6 USD mn in Feb 2005 and a record low of -386.5 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 71.0 USD mn in Nov 2024, an increase of 5.3% YoY (year-on-year)
  • Total Imports recorded 328.0 USD mn in Nov 2024, an increase of 5.3% YoY (year-on-year)

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

Montenegro Trade Balance

What was Montenegro's Trade Balance in Nov 2024?

Montenegro's Trade Balance recorded a deficit of 257.0 USD mn in Nov 2024, compared with a deficit of 340.1 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-257.0 Nov 2024 -340.1 Oct 2024 -386.5 Jul 2024 -12.6 Feb 2005 USD mn monthly Jan 2005 - Nov 2024

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -467.5 Nov 2024 monthly Oct 1998 - Nov 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,410.3 Nov 2024 monthly Jan 1991 - Nov 2024
Armenia (USD mn) -414.2 Nov 2024 monthly Nov 1995 - Nov 2024
Australia (USD mn) 3,988.5 Oct 2024 monthly Jul 1971 - Oct 2024
Austria (USD mn) -104.9 Oct 2024 monthly Jan 1957 - Oct 2024
Azerbaijan (USD mn) 894.3 Oct 2024 monthly Jan 2000 - Oct 2024
Bahrain (USD mn) 4,501.7 2023 yearly 1966 - 2023
Bangladesh (USD mn) -2,059.4 Oct 2024 monthly Jul 1986 - Oct 2024
Belarus (USD mn) -188.1 Oct 2024 monthly Jan 2000 - Oct 2024
Belgium (USD mn) -40.9 Oct 2024 monthly Jan 1993 - Oct 2024
Bolivia (USD mn) -46.9 Nov 2024 monthly Oct 1994 - Nov 2024
Bosnia and Herzegovina (USD mn) -539.4 Nov 2024 monthly Jan 2000 - Nov 2024
Botswana (USD mn) -372.2 Oct 2024 monthly Jan 2001 - Oct 2024
Brazil (USD mn) 4,803.3 Dec 2024 monthly Jan 1959 - Dec 2024
Brunei (USD mn) 339.4 Oct 2024 monthly Jan 2010 - Oct 2024
Bulgaria (USD mn) -1,025.9 Oct 2024 monthly Jan 1995 - Oct 2024
Cambodia (USD mn) -39.3 Nov 2024 monthly Jun 2013 - Nov 2024
Canada (USD mn) -671.7 Oct 2024 monthly Jan 1988 - Oct 2024
Chile (USD mn) 1,382.7 Nov 2024 monthly Jan 1968 - Nov 2024
China (USD mn) 97,443.1 Nov 2024 monthly Jan 1992 - Nov 2024
Colombia (USD mn) -1,419.1 Oct 2024 monthly Jan 1958 - Oct 2024
Croatia (USD mn) -1,657.8 Aug 2024 monthly Jan 1993 - Aug 2024
Cyprus (USD mn) -659.7 Sep 2024 monthly Jan 1957 - Sep 2024
Czech Republic (USD mn) 2,344.9 Oct 2024 monthly Jan 1996 - Oct 2024
Denmark (USD mn) 4,386.7 Oct 2024 monthly Jan 1997 - Oct 2024
Ecuador (USD mn) 400.5 Oct 2024 monthly Mar 1992 - Oct 2024
Egypt (USD mn) -3,658.0 Oct 2024 monthly Jan 1957 - Oct 2024
Estonia (USD mn) -330.3 Oct 2024 monthly Jan 1993 - Oct 2024
European Union (USD mn) 4,242.1 Oct 2024 monthly Jan 2002 - Oct 2024
Finland (USD mn) -359.5 Oct 2024 monthly Jan 1992 - Oct 2024
France (USD mn) -8,352.1 Oct 2024 monthly Jan 2000 - Oct 2024
Georgia (USD mn) -893.1 Nov 2024 monthly Jan 1995 - Nov 2024
Germany (USD mn) 14,599.3 Oct 2024 monthly Jan 1957 - Oct 2024
Ghana (USD mn) 542.1 Oct 2024 monthly Mar 2005 - Oct 2024
Greece (USD mn) -3,446.2 Oct 2024 monthly Jan 2002 - Oct 2024
Hong Kong SAR, China (USD mn) -5,576.4 Nov 2024 monthly Jan 1957 - Nov 2024
Hungary (USD mn) 1,053.0 Oct 2024 monthly Jan 1976 - Oct 2024
Iceland (USD mn) -302.3 Oct 2024 monthly Jan 1957 - Oct 2024
India (USD mn) -37,840.0 Nov 2024 monthly Jan 1957 - Nov 2024
Indonesia (USD mn) 4,419.6 Nov 2024 monthly Jan 1967 - Nov 2024
Iran (USD mn) 31,327.0 2023 yearly 1948 - 2023
Ireland (USD mn) 10,843.5 Oct 2024 monthly Jan 1970 - Oct 2024
Israel (USD mn) -2,684.5 Nov 2024 monthly Jan 1988 - Nov 2024
Italy (USD mn) 3,827.4 Oct 2024 monthly Jan 1993 - Oct 2024
Ivory Coast (USD mn) -109.2 Sep 2024 monthly Jan 1981 - Sep 2024
Japan (USD mn) -2,499.7 Nov 2024 monthly Apr 1995 - Nov 2024
Jordan (USD mn) -1,186.6 Oct 2024 monthly Jan 1972 - Oct 2024
Kazakhstan (USD mn) 1,621.9 Oct 2024 monthly Sep 1995 - Oct 2024
Kenya (USD mn) -1,208.9 Oct 2024 monthly Oct 1992 - Oct 2024
South Korea (USD mn) 6,490.0 Dec 2024 monthly Jan 1966 - Dec 2024
Kosovo (USD mn) -502.4 Nov 2024 monthly Jan 2003 - Nov 2024
Kuwait (USD mn) 2,745.4 Sep 2024 monthly Jan 1993 - Sep 2024
Kyrgyzstan (USD mn) -641.7 Oct 2024 monthly Jan 2002 - Oct 2024
Laos (USD mn) -2.8 Sep 2024 quarterly Dec 1992 - Sep 2024
Latvia (USD mn) -318.0 Oct 2024 monthly Jan 1995 - Oct 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -428.7 Oct 2024 monthly Jan 1999 - Oct 2024
Luxembourg (USD mn) -726.2 Oct 2024 monthly Jan 1988 - Oct 2024
Macau SAR, China (USD mn) -1,290.0 Nov 2024 monthly Jan 1998 - Nov 2024
North Macedonia (USD mn) -306.6 Oct 2024 monthly Dec 1993 - Oct 2024
Malawi (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Malaysia (USD mn) 3,700.4 Nov 2024 monthly Jan 1990 - Nov 2024
Malta (USD mn) -334.4 Sep 2024 monthly Jan 1960 - Sep 2024
Mauritius (USD mn) -407.3 Oct 2024 monthly Jan 2006 - Oct 2024
Mexico (USD mn) -775.2 Nov 2024 monthly Jan 1993 - Nov 2024
Moldova (USD mn) -461.1 Oct 2024 monthly Jan 1992 - Oct 2024
Mongolia (USD mn) 407.3 Nov 2024 monthly Jan 1997 - Nov 2024
Montenegro (USD mn) -257.0 Nov 2024 monthly Jan 2005 - Nov 2024
Morocco (USD mn) -2,603.5 Nov 2024 monthly Jan 1957 - Nov 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) -804.5 Nov 2024 monthly Aug 1974 - Nov 2024
Netherlands (USD mn) 13,244.4 Nov 2024 monthly Jan 1996 - Nov 2024
New Zealand (USD mn) -258.5 Nov 2024 monthly Jan 1960 - Nov 2024
Nigeria (USD mn) 1,027.6 Sep 2024 monthly Jan 2003 - Sep 2024
Norway (USD mn) 4,024.9 Sep 2024 monthly Jan 1957 - Sep 2024
Oman (USD mn) 1,297.8 Oct 2024 monthly Jan 1975 - Oct 2024
Pakistan (USD mn) -1,684.8 Nov 2024 monthly Jan 1968 - Nov 2024
Palestinian Territory (USD mn) -391.7 Oct 2024 monthly Jan 2011 - Oct 2024
Panama (USD mn) -1,259.9 Oct 2024 monthly Jan 1964 - Oct 2024
Paraguay (USD mn) -220.6 Nov 2024 monthly Jan 1994 - Nov 2024
Peru (USD mn) 1,813.9 Oct 2024 monthly Jan 1985 - Oct 2024
Philippines (USD mn) -5,802.9 Oct 2024 monthly Jan 1957 - Oct 2024
Poland (USD mn) -316.7 Oct 2024 monthly Jan 1986 - Oct 2024
Portugal (USD mn) -2,762.1 Oct 2024 monthly Jan 1957 - Oct 2024
Qatar (USD mn) 4,872.3 Sep 2024 monthly Jan 2014 - Sep 2024
Romania (USD mn) -4,058.0 Oct 2024 monthly Aug 1990 - Oct 2024
Russia (USD mn) 9,758.0 Oct 2024 monthly Jan 1998 - Oct 2024
Saudi Arabia (USD mn) 113,078.6 2023 yearly 1957 - 2023
Serbia (USD mn) -949.5 Nov 2024 monthly Jan 2001 - Nov 2024
Singapore (USD mn) 4,876.3 Nov 2024 monthly Jan 1976 - Nov 2024
Slovakia (USD mn) 217.3 Sep 2024 monthly Jan 2004 - Sep 2024
Slovenia (USD mn) -311.0 Nov 2024 monthly Nov 1991 - Nov 2024
South Africa (USD mn) 1,934.2 Nov 2024 monthly Oct 2004 - Nov 2024
Spain (USD mn) -2,998.1 Oct 2024 monthly Nov 1974 - Oct 2024
Sri Lanka (USD mn) -502.2 Nov 2024 monthly Jan 1982 - Nov 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 660.0 Nov 2024 monthly Jan 1957 - Nov 2024
Switzerland (USD mn) 8,707.5 Nov 2024 monthly Jan 1957 - Nov 2024

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -0.9 Sep 2024 quarterly Dec 2012 - Sep 2024
Consolidated Fiscal Balance (USD mn) -79.309 Nov 2024 monthly Jan 2012 - Nov 2024
Tax Revenue (USD mn) 139.115 Nov 2024 monthly Jan 2012 - Nov 2024
Tax Revenue: % of GDP (%) 22.8 Sep 2024 quarterly Mar 2012 - Sep 2024
National Government Debt (USD mn) 4,906.6 Sep 2024 monthly Dec 2010 - Sep 2024
Government Debt: % of GDP (%) 59.8 Sep 2024 quarterly Dec 2010 - Sep 2024
Forecast: Government Expenditure (EUR bn) 4.457 2029 yearly 2002 - 2029
Forecast: Government Net Debt (EUR bn) 6.678 2029 yearly 2002 - 2029
Forecast: Government Revenue (EUR bn) 3.919 2029 yearly 2002 - 2029
General Government Revenue: Consolidated (EUR) 181,289,850.170 Nov 2024 monthly Jan 2012 - Nov 2024
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 90,529,869.280 Nov 2024 monthly Jan 2012 - Nov 2024
General Govt Revenue: Cons: Taxes (EUR) 130,980,738.960 Nov 2024 monthly Jan 2012 - Nov 2024
General Govt Expenditure: Cons: ow Current (EUR) 231,723,377.880 Nov 2024 monthly Jan 2012 - Nov 2024
General Govt Revenue: Cons: Taxes: Excises (EUR) 28,020,758.820 Nov 2024 monthly Jan 2012 - Nov 2024
General Govt Expenditure: Consolidated (EUR) 255,961,652.700 Nov 2024 monthly Jan 2012 - Nov 2024
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -74,671,802.530 Nov 2024 monthly Jan 2012 - Nov 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -257.0 Nov 2024 monthly Jan 2005 - Nov 2024
Total Exports (USD mn) 71.0 Nov 2024 monthly Jan 2005 - Nov 2024
Total Exports Growth (%) 27.4 Nov 2024 monthly Jan 2006 - Nov 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) 328.0 Nov 2024 monthly Jan 2005 - Nov 2024
Total Imports Growth (%) 5.3 Nov 2024 monthly Jan 2006 - Nov 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) 0.393 Nov 2024 monthly Jan 2010 - Nov 2024
Total Imports from USA (USD mn) 3.002 Nov 2024 monthly Jan 2006 - Nov 2024
Total Exports to China (USD mn) 6.951 Nov 2024 monthly Jan 2010 - Nov 2024
Total Imports from China (USD mn) 43.255 Nov 2024 monthly Jan 2006 - Nov 2024
Exports (EUR th) 66,878.106 Nov 2024 monthly Jan 2005 - Nov 2024
Imports (EUR th) 308,867.525 Nov 2024 monthly Jan 2005 - Nov 2024
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 20,235.088 Nov 2024 monthly Mar 2009 - Nov 2024
Exports: Manufactured Goods (EUR th) 9,448.621 Nov 2024 monthly Mar 2009 - Nov 2024
Exports: Crude Materials: excl Fuels (EUR th) 11,686.150 Nov 2024 monthly Mar 2009 - Nov 2024
Exports: Machinery & Transport Equipment (EUR th) 5,705.039 Nov 2024 monthly Mar 2009 - Nov 2024
Exports: Food & Live Animals (EUR th) 6,106.992 Nov 2024 monthly Mar 2009 - Nov 2024
Exports: Europe: CEFTA: Serbia (EUR th) 23,189.139 Nov 2024 monthly Mar 2009 - Nov 2024
Exports: Europe: EU-28: Slovenia (EUR th) 2,202.279 Nov 2024 monthly Mar 2009 - Nov 2024
Imports: Miscellaneous Manufactured Goods (EUR th) 39,273.327 Nov 2024 monthly Mar 2009 - Nov 2024
Imports: Food & Live Animals (EUR th) 64,571.850 Nov 2024 monthly Mar 2009 - Nov 2024
Imports: Manufactured Goods (EUR th) 57,029.251 Nov 2024 monthly Mar 2009 - Nov 2024
Imports: Machinery & Transport Equipment (EUR th) 73,903.676 Nov 2024 monthly Mar 2009 - Nov 2024
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 27,982.738 Nov 2024 monthly Mar 2009 - Nov 2024
Imports: Europe: EU-28: Greece (EUR th) 16,468.635 Nov 2024 monthly Mar 2009 - Nov 2024
Imports: Europe: CEFTA: Serbia (EUR th) 51,888.117 Nov 2024 monthly Mar 2009 - Nov 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 15.1 Sep 2024 quarterly Mar 2005 - Sep 2024
Current Account Balance (USD mn) -278.9 Mar 2023 quarterly Mar 2004 - Mar 2023
Current Account Balance: % of GDP (%) -23.1 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Direct Investment (USD mn) 154.9 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Direct Investment: % of GDP (%) 7.8 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment (USD mn) -11.402 Sep 2024 quarterly Mar 2005 - Sep 2024
Foreign Portfolio Investment: % of GDP (%) -0.4 Sep 2024 quarterly Mar 2010 - Sep 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 137.6 Sep 2024 quarterly Mar 2007 - Sep 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 17.205 Sep 2024 quarterly Mar 2007 - Sep 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) -1.492 2029 yearly 2001 - 2029
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
BoP: Current Account: Goods: Import (EUR th) 645,611.036 Dec 2018 quarterly Mar 2010 - Dec 2018
Gross General Government External Debt (EUR mn) 4,046.072 Sep 2024 monthly Dec 2010 - Sep 2024
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: Russian Federation (EUR) 112,506,571.770 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
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.3 Jun 2024 monthly Aug 2010 - Jun 2024
Household Debt: % of GDP (%) 25.6 Sep 2024 quarterly Dec 2010 - Sep 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 Nov 2024 monthly Jan 2002 - Nov 2024
Foreign Exchange Reserves (USD mn) 1,636.8 Oct 2024 monthly Dec 2002 - Oct 2024
Foreign Exchange Reserves: % of GDP (%) 21.535 Sep 2024 quarterly Dec 2010 - Sep 2024
Foreign Exchange Reserves: Months of Import (NA) 4.2 Oct 2024 monthly Jan 2005 - Oct 2024
Gold Reserves (USD mn) 0.000 Oct 2024 monthly Dec 2002 - Oct 2024
Total Deposits (USD mn) 6,064.066 Nov 2024 monthly Jan 2003 - Nov 2024
Total Deposits Growth (%) 5.6 Nov 2024 monthly Jan 2004 - Nov 2024
Domestic Credit (USD mn) 3,693.7 Nov 2024 monthly Jan 2005 - Nov 2024
Domestic Credit Growth (%) 3.6 Nov 2024 monthly Jan 2006 - Nov 2024
Household Debt (USD mn) 2,047.1 Nov 2024 monthly Dec 2004 - Nov 2024
Total Loans (USD mn) 4,910.461 Nov 2024 monthly Jan 2003 - Nov 2024
Total Loans Growth (%) 13.97 Nov 2024 monthly Jan 2004 - Nov 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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