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 335.0 USD mn in Oct 2024, compared with a deficit of 319.4 USD mn in the previous month
  • Montenegro's Trade Balance data is updated monthly, available from Jan 2005 to Oct 2024, with an averaged value of -177.2 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 50.9 USD mn in Oct 2024, a decrease of 7.0% YoY (year-on-year)
  • Total Imports recorded 385.8 USD mn in Oct 2024, an increase of 7.0% YoY (year-on-year)

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

Montenegro Trade Balance

What was Montenegro's Trade Balance in Oct 2024?

Montenegro's Trade Balance recorded a deficit of 335.0 USD mn in Oct 2024, compared with a deficit of 319.4 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-335.0 Oct 2024 -319.4 Sep 2024 -386.5 Jul 2024 -12.6 Feb 2005 USD mn monthly Jan 2005 - Oct 2024

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -510.0 Oct 2024 monthly Oct 1998 - Oct 2024
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,295.4 Oct 2024 monthly Jan 1991 - Oct 2024
Armenia (USD mn) -373.8 Oct 2024 monthly Nov 1995 - Oct 2024
Australia (USD mn) 3,988.5 Oct 2024 monthly Jul 1971 - Oct 2024
Austria (USD mn) -621.5 Aug 2024 monthly Jan 1957 - Aug 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) -1,487.5 Sep 2024 monthly Jul 1986 - Sep 2024
Belarus (USD mn) -542.9 Sep 2024 monthly Jan 2000 - Sep 2024
Belgium (USD mn) -40.9 Oct 2024 monthly Jan 1993 - Oct 2024
Bolivia (USD mn) 58.6 Sep 2024 monthly Oct 1994 - Sep 2024
Bosnia and Herzegovina (USD mn) -568.5 Oct 2024 monthly Jan 2000 - Oct 2024
Botswana (USD mn) -334.3 Sep 2024 monthly Jan 2001 - Sep 2024
Brazil (USD mn) 7,030.4 Nov 2024 monthly Jan 1959 - Nov 2024
Brunei (USD mn) 376.2 Aug 2024 monthly Jan 2010 - Aug 2024
Bulgaria (USD mn) -738.4 Sep 2024 monthly Jan 1995 - Sep 2024
Cambodia (USD mn) -615.2 Oct 2024 monthly Jun 2013 - Oct 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) 95,718.8 Oct 2024 monthly Jan 1992 - Oct 2024
Colombia (USD mn) -1,031.9 Sep 2024 monthly Jan 1958 - Sep 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) 3,296.4 Sep 2024 monthly Jan 1996 - Sep 2024
Denmark (USD mn) 2,910.8 Sep 2024 monthly Jan 1997 - Sep 2024
Ecuador (USD mn) 400.5 Oct 2024 monthly Mar 1992 - Oct 2024
Egypt (USD mn) -4,271.0 Sep 2024 monthly Jan 1957 - Sep 2024
Estonia (USD mn) -231.3 Sep 2024 monthly Jan 1993 - Sep 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) -890.3 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) -3,990.1 Oct 2024 monthly Jan 1957 - Oct 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) 32,176.0 2023 yearly 1948 - 2023
Ireland (USD mn) 10,843.5 Oct 2024 monthly Jan 1970 - Oct 2024
Israel (USD mn) -2,721.0 Oct 2024 monthly Jan 1988 - Oct 2024
Italy (USD mn) 3,827.4 Oct 2024 monthly Jan 1993 - Oct 2024
Ivory Coast (USD mn) 927.4 Aug 2024 monthly Jan 1981 - Aug 2024
Japan (USD mn) -2,386.3 Oct 2024 monthly Apr 1995 - Oct 2024
Jordan (USD mn) -1,012.4 Sep 2024 monthly Jan 1972 - Sep 2024
Kazakhstan (USD mn) 1,621.9 Oct 2024 monthly Sep 1995 - Oct 2024
Kenya (USD mn) -1,029.6 Aug 2024 monthly Oct 1992 - Aug 2024
South Korea (USD mn) 5,586.4 Nov 2024 monthly Jan 1966 - Nov 2024
Kosovo (USD mn) -537.1 Oct 2024 monthly Jan 2003 - Oct 2024
Kuwait (USD mn) 2,975.2 Aug 2024 monthly Jan 1993 - Aug 2024
Kyrgyzstan (USD mn) -459.6 Aug 2024 monthly Jan 2002 - Aug 2024
Laos (USD mn) -71.8 Jun 2024 quarterly Dec 1992 - Jun 2024
Latvia (USD mn) -293.3 Sep 2024 monthly Jan 1995 - Sep 2024
Lebanon (USD mn) -1,062.6 Dec 2023 monthly Jan 1993 - Dec 2023
Lithuania (USD mn) -300.1 Sep 2024 monthly Jan 1999 - Sep 2024
Luxembourg (USD mn) -840.1 Sep 2024 monthly Jan 1988 - Sep 2024
Macau SAR, China (USD mn) -1,255.9 Oct 2024 monthly Jan 1998 - Oct 2024
North Macedonia (USD mn) -213.7 Sep 2024 monthly Dec 1993 - Sep 2024
Malawi (USD mn) -194.6 Mar 2024 monthly Jan 1964 - Mar 2024
Malaysia (USD mn) 2,602.9 Oct 2024 monthly Jan 1990 - Oct 2024
Malta (USD mn) -334.4 Sep 2024 monthly Jan 1960 - Sep 2024
Mauritius (USD mn) -406.7 Sep 2024 monthly Jan 2006 - Sep 2024
Mexico (USD mn) 462.7 Oct 2024 monthly Jan 1993 - Oct 2024
Moldova (USD mn) -461.1 Oct 2024 monthly Jan 1992 - Oct 2024
Mongolia (USD mn) 444.6 Oct 2024 monthly Jan 1997 - Oct 2024
Montenegro (USD mn) -335.0 Oct 2024 monthly Jan 2005 - Oct 2024
Morocco (USD mn) -2,763.9 Oct 2024 monthly Jan 1957 - Oct 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) 14,166.8 Oct 2024 monthly Jan 1996 - Oct 2024
New Zealand (USD mn) -937.9 Oct 2024 monthly Jan 1960 - Oct 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) 1,402.1 Sep 2024 monthly Jan 1975 - Sep 2024
Pakistan (USD mn) -1,589.0 Nov 2024 monthly Jan 1968 - Nov 2024
Palestinian Territory (USD mn) -431.8 Sep 2024 monthly Jan 2011 - Sep 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) -5,087.0 Sep 2024 monthly Jan 1957 - Sep 2024
Poland (USD mn) -316.7 Oct 2024 monthly Jan 1986 - Oct 2024
Portugal (USD mn) -2,632.4 Sep 2024 monthly Jan 1957 - Sep 2024
Qatar (USD mn) 5,531.0 Jul 2024 monthly Jan 2014 - Jul 2024
Romania (USD mn) -2,855.4 Sep 2024 monthly Aug 1990 - Sep 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) -1,050.3 Oct 2024 monthly Jan 2001 - Oct 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) -3,397.4 Oct 2024 monthly Nov 1991 - Oct 2024
South Africa (USD mn) 832.2 Oct 2024 monthly Oct 2004 - Oct 2024
Spain (USD mn) -2,951.0 Sep 2024 monthly Oct 1974 - Sep 2024
Sri Lanka (USD mn) -544.4 Oct 2024 monthly Jan 1982 - Oct 2024
Sudan (USD mn) -829.9 Dec 2022 monthly Jan 2003 - Dec 2022
Sweden (USD mn) 57.2 Oct 2024 monthly Jan 1957 - Oct 2024
Switzerland (USD mn) 10,422.9 Oct 2024 monthly Jan 1957 - Oct 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) -14.329 Oct 2024 monthly Jan 2012 - Oct 2024
Tax Revenue (USD mn) 186.240 Oct 2024 monthly Jan 2012 - Oct 2024
Tax Revenue: % of GDP (%) 28.8 Jun 2024 quarterly Mar 2012 - Jun 2024
National Government Debt (USD mn) 4,906.6 Sep 2024 monthly Dec 2010 - Sep 2024
Government Debt: % of GDP (%) 62.1 Jun 2024 quarterly Dec 2010 - Jun 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) 241,106,088.710 Oct 2024 monthly Jan 2012 - Oct 2024
General Govt Revenue: Cons: Taxes: Excises (EUR) 33,032,024.920 Oct 2024 monthly Jan 2012 - Oct 2024
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -13,151,528.720 Oct 2024 monthly Jan 2012 - Oct 2024
General Govt Expenditure: Cons: ow Current (EUR) 226,361,654.110 Oct 2024 monthly Jan 2012 - Oct 2024
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 118,929,652.580 Oct 2024 monthly Jan 2012 - Oct 2024
General Govt Expenditure: Consolidated (EUR) 254,257,617.430 Oct 2024 monthly Jan 2012 - Oct 2024
General Govt Revenue: Cons: Taxes (EUR) 170,940,704.730 Oct 2024 monthly Jan 2012 - Oct 2024
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -335.0 Oct 2024 monthly Jan 2005 - Oct 2024
Total Exports (USD mn) 50.9 Oct 2024 monthly Jan 2005 - Oct 2024
Total Exports Growth (%) -2.2 Oct 2024 monthly Jan 2006 - Oct 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) 385.8 Oct 2024 monthly Jan 2005 - Oct 2024
Total Imports Growth (%) 7.0 Oct 2024 monthly Jan 2006 - Oct 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) 0.554 Oct 2024 monthly Jan 2010 - Oct 2024
Total Imports from USA (USD mn) 3.324 Oct 2024 monthly Jan 2006 - Oct 2024
Total Exports to China (USD mn) 0.157 Oct 2024 monthly Jan 2010 - Oct 2024
Total Imports from China (USD mn) 46.534 Oct 2024 monthly Jan 2006 - Oct 2024
Exports (EUR th) 46,683.107 Oct 2024 monthly Jan 2005 - Oct 2024
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 10,829.316 Oct 2024 monthly Mar 2009 - Oct 2024
Exports: Machinery & Transport Equipment (EUR th) 6,893.886 Oct 2024 monthly Mar 2009 - Oct 2024
Exports: Manufactured Goods (EUR th) 2,667.216 Oct 2024 monthly Mar 2009 - Oct 2024
Exports: Food & Live Animals (EUR th) 6,640.508 Oct 2024 monthly Mar 2009 - Oct 2024
Exports: Crude Materials: excl Fuels (EUR th) 7,736.733 Oct 2024 monthly Mar 2009 - Oct 2024
Exports: Europe: CEFTA: Serbia (EUR th) 14,378.957 Oct 2024 monthly Mar 2009 - Oct 2024
Exports: Europe: EU-28: Slovenia (EUR th) 2,763.664 Oct 2024 monthly Mar 2009 - Oct 2024
Imports: Miscellaneous Manufactured Goods (EUR th) 54,347.728 Oct 2024 monthly Mar 2009 - Oct 2024
Imports: Food & Live Animals (EUR th) 66,029.012 Oct 2024 monthly Mar 2009 - Oct 2024
Imports (EUR th) 354,145.127 Oct 2024 monthly Jan 2005 - Oct 2024
Imports: Manufactured Goods (EUR th) 58,882.201 Oct 2024 monthly Mar 2009 - Oct 2024
Imports: Machinery & Transport Equipment (EUR th) 87,414.130 Oct 2024 monthly Mar 2009 - Oct 2024
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 35,899.363 Oct 2024 monthly Mar 2009 - Oct 2024
Imports: Europe: EU-28: Greece (EUR th) 18,521.094 Oct 2024 monthly Mar 2009 - Oct 2024
Imports: Europe: CEFTA: Serbia (EUR th) 65,579.213 Oct 2024 monthly Mar 2009 - Oct 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 (%) -0.5 Jun 2024 quarterly Mar 2010 - Jun 2024
Foreign Portfolio Investment: Equity Securities (USD mn) 105.1 Jun 2024 quarterly Mar 2007 - Jun 2024
Foreign Portfolio Investment: Debt Securities (USD mn) 49.891 Jun 2024 quarterly Mar 2007 - Jun 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
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
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: 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: 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 (%) 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 Oct 2024 monthly Jan 2002 - Oct 2024
Foreign Exchange Reserves (USD mn) 1,719.4 Sep 2024 monthly Dec 2002 - Sep 2024
Foreign Exchange Reserves: % of GDP (%) 20.266 Jun 2024 quarterly Dec 2010 - Jun 2024
Foreign Exchange Reserves: Months of Import (NA) 4.2 Oct 2024 monthly Jan 2005 - Oct 2024
Gold Reserves (USD mn) 0.000 Sep 2024 monthly Dec 2002 - Sep 2024
Total Deposits (USD mn) 6,169.383 Oct 2024 monthly Jan 2003 - Oct 2024
Total Deposits Growth (%) 2.7 Oct 2024 monthly Jan 2004 - Oct 2024
Domestic Credit (USD mn) 3,621.7 Oct 2024 monthly Jan 2005 - Oct 2024
Domestic Credit Growth (%) 1.3 Oct 2024 monthly Jan 2006 - Oct 2024
Household Debt (USD mn) 2,079.1 Oct 2024 monthly Dec 2004 - Oct 2024
Total Loans (USD mn) 5,075.771 Oct 2024 monthly Jan 2003 - Oct 2024
Total Loans Growth (%) 14.90 Oct 2024 monthly Jan 2004 - Oct 2024
Private Debt: % of Nominal GDP (%) 45.02 Jun 2024 quarterly Dec 2010 - Jun 2024
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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