Montenegro Trade Balance

2005 - 2025 | Monthly | USD mn | CEIC Data

Key information about Montenegro's Trade Balance

  • Montenegro's Trade Balance recorded a deficit of 319.9 USD mn in Nov 2025, compared with a deficit of 408.7 USD mn in the previous month
  • Montenegro's Trade Balance data is updated monthly, available from Jan 2005 to Nov 2025, with an averaged value of -180.2 USD mn
  • The data reached an all-time high of -12.6 USD mn in Feb 2005 and a record low of -425.2 USD mn in Jul 2025
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 57.1 USD mn in Nov 2025, a decrease of 4.1% YoY (year-on-year)
  • Total Imports recorded 377.0 USD mn in Nov 2025, an increase of 4.1% YoY (year-on-year)

View Montenegro's Trade Balance from Jan 2005 to Nov 2025 in the chart:

Montenegro Trade Balance

What was Montenegro's Trade Balance in Nov 2025?

Montenegro's Trade Balance recorded a deficit of 319.9 USD mn in Nov 2025, compared with a deficit of 408.7 USD mn in the previous month See the table below for more data.

Last Previous Min Max Unit Frequency Range
-319.9 Nov 2025 -408.7 Oct 2025 -425.2 Jul 2025 -12.6 Feb 2005 USD mn monthly Jan 2005 - Nov 2025

Trade Balance by Country Comparison

country/region Last Frequency Range
Albania (USD mn) -643.3 Dec 2025 monthly Oct 1998 - Dec 2025
Algeria (USD mn) -274.8 Mar 2020 monthly Jan 2000 - Mar 2020
Argentina (USD mn) 1,257.7 Dec 2025 monthly Jan 1991 - Dec 2025
Armenia (USD mn) -450.9 Dec 2025 monthly Nov 1995 - Dec 2025
Australia (USD mn) 2,240.7 Dec 2025 monthly Jul 1971 - Dec 2025
Austria (USD mn) -270.9 Sep 2025 monthly Jan 1957 - Sep 2025
Azerbaijan (USD mn) -1,538.2 Dec 2025 monthly Jan 2000 - Dec 2025
Bahrain (USD mn) 3,607.2 2024 yearly 1966 - 2024
Bangladesh (USD mn) -1,860.8 Nov 2025 monthly Jul 1986 - Nov 2025
Belarus (USD mn) -253.2 Nov 2025 monthly Jan 2000 - Nov 2025
Belgium (USD mn) 1,673.5 Nov 2025 monthly Jan 1993 - Nov 2025
Bolivia (USD mn) 157.2 Dec 2025 monthly Oct 1994 - Dec 2025
Bosnia and Herzegovina (USD mn) -660.5 Nov 2025 monthly Jan 2000 - Nov 2025
Botswana (USD mn) -259.3 Nov 2025 monthly Jan 2001 - Nov 2025
Brazil (USD mn) 4,342.8 Jan 2026 monthly Jan 1959 - Jan 2026
Brunei (USD mn) 299.1 Nov 2025 monthly Jan 2010 - Nov 2025
Bulgaria (USD mn) -1,502.2 Nov 2025 monthly Jan 1995 - Nov 2025
Cambodia (USD mn) -316.1 Dec 2025 monthly Jan 2010 - Dec 2025
Canada (USD mn) -1,563.0 Nov 2025 monthly Jan 1988 - Nov 2025
Chile (USD mn) 3,811.2 Jan 2026 monthly Jan 1968 - Jan 2026
China (USD mn) 114,107.2 Dec 2025 monthly Jan 1992 - Dec 2025
Colombia (USD mn) -1,873.4 Nov 2025 monthly Jan 1958 - Nov 2025
Croatia (USD mn) -1,660.7 Nov 2025 monthly Jan 1993 - Nov 2025
Cyprus (USD mn) -836.0 Dec 2025 monthly Jan 1957 - Dec 2025
Czech Republic (USD mn) 2,502.5 Dec 2025 monthly Jan 1996 - Dec 2025
Denmark (USD mn) 5,204.3 Dec 2025 monthly Jan 1997 - Dec 2025
Ecuador (USD mn) 430.3 Dec 2025 monthly Mar 1992 - Dec 2025
Egypt (USD mn) -4,673.1 Nov 2025 monthly Jan 1957 - Nov 2025
Estonia (USD mn) -316.1 Dec 2025 monthly Jan 1993 - Dec 2025
European Union (USD mn) 10,202.0 Nov 2025 monthly Jan 2002 - Nov 2025
Finland (USD mn) -245.9 Dec 2025 monthly Jan 1992 - Dec 2025
France (USD mn) -5,671.2 Dec 2025 monthly Jan 2000 - Dec 2025
Georgia (USD mn) -1,174.8 Dec 2025 monthly Jan 1995 - Dec 2025
Germany (USD mn) 20,000.7 Dec 2025 monthly Jan 1957 - Dec 2025
Ghana (USD mn) 3,890.0 Dec 2025 monthly Mar 2005 - Dec 2025
Greece (USD mn) -4,160.0 Dec 2025 monthly Jan 2002 - Dec 2025
Hong Kong SAR, China (USD mn) -8,129.4 Dec 2025 monthly Jan 1957 - Dec 2025
Hungary (USD mn) 488.8 Dec 2025 monthly Jan 1976 - Dec 2025
Iceland (USD mn) -272.1 Dec 2025 monthly Jan 1957 - Dec 2025
India (USD mn) -25,040.0 Dec 2025 monthly Jan 1957 - Dec 2025
Indonesia (USD mn) 2,512.7 Dec 2025 monthly Jan 1967 - Dec 2025
Iran (USD mn) 43,142.0 2024 yearly 1948 - 2024
Ireland (USD mn) 6,649.0 Nov 2025 monthly Jan 1970 - Nov 2025
Israel (USD mn) -3,135.3 Jan 2026 monthly Jan 1988 - Jan 2026
Italy (USD mn) 5,455.4 Nov 2025 monthly Jan 1993 - Nov 2025
Ivory Coast (USD mn) 416.6 Oct 2025 monthly Jan 1981 - Oct 2025
Japan (USD mn) -1,337.8 Dec 2025 monthly Apr 1995 - Dec 2025
Jordan (USD mn) -888.1 Nov 2025 monthly Jan 1972 - Nov 2025
Kazakhstan (USD mn) 600.4 Nov 2025 monthly Sep 1995 - Nov 2025
Kenya (USD mn) -1,188.7 Dec 2025 monthly Oct 1992 - Dec 2025
South Korea (USD mn) 8,740.0 Jan 2026 monthly Jan 1966 - Jan 2026
Kosovo (USD mn) -652.7 Dec 2025 monthly Jan 2003 - Dec 2025
Kuwait (USD mn) 2,731.1 Sep 2025 monthly Jan 1993 - Sep 2025
Kyrgyzstan (USD mn) -802.8 Nov 2025 monthly Jan 2002 - Nov 2025
Laos (USD mn) 418.6 Sep 2025 quarterly Dec 1992 - Sep 2025
Latvia (USD mn) -394.0 Dec 2025 monthly Jan 1995 - Dec 2025
Lebanon (USD mn) -1,508.0 Nov 2025 monthly Jan 1993 - Nov 2025
Lithuania (USD mn) -549.7 Dec 2025 monthly Jan 1999 - Dec 2025
Luxembourg (USD mn) -1,023.0 Nov 2025 monthly Jan 1988 - Nov 2025
Macau SAR, China (USD mn) -1,323.8 Dec 2025 monthly Jan 1998 - Dec 2025
North Macedonia (USD mn) -295.3 Nov 2025 monthly Dec 1993 - Nov 2025
Malawi (USD mn) -228.9 Oct 2025 monthly Jan 1964 - Oct 2025
Malaysia (USD mn) 2,740.3 Dec 2025 monthly Jan 1990 - Dec 2025
Malta (USD mn) -224.5 Dec 2025 monthly Jan 1960 - Dec 2025
Mauritius (USD mn) -406.8 Nov 2025 monthly Jan 2006 - Nov 2025
Mexico (USD mn) -861.0 Dec 2025 monthly Jan 1993 - Dec 2025
Moldova (USD mn) -583.3 Nov 2025 monthly Jan 1992 - Nov 2025
Mongolia (USD mn) 906.5 Jan 2026 monthly Jan 1997 - Jan 2026
Montenegro (USD mn) -319.9 Nov 2025 monthly Jan 2005 - Nov 2025
Morocco (USD mn) -2,650.1 Dec 2025 monthly Jan 1957 - Dec 2025
Mozambique (USD mn) -5.2 Sep 2025 monthly Jan 2011 - Sep 2025
Myanmar (USD mn) 183.9 Jul 2022 monthly Jan 1957 - Jul 2022
Nepal (USD mn) -1,023.0 Jan 2026 monthly Aug 1974 - Jan 2026
Netherlands (USD mn) 12,434.1 Nov 2025 monthly Jan 1996 - Nov 2025
New Zealand (USD mn) 30.2 Dec 2025 monthly Jan 1960 - Dec 2025
Nigeria (USD mn) 2,213.2 Jun 2025 monthly Jan 2003 - Jun 2025
Norway (USD mn) 4,245.8 Dec 2025 monthly Jan 1957 - Dec 2025
Oman (USD mn) 1,827.8 Oct 2025 monthly Jan 1975 - Oct 2025
Pakistan (USD mn) -3,840.5 Dec 2025 monthly Jan 1968 - Dec 2025
Palestinian Territory (USD mn) -519.4 Nov 2025 monthly Jan 2011 - Nov 2025
Panama (USD mn) -972.5 Nov 2025 monthly Jan 1964 - Nov 2025
Paraguay (USD mn) -162.2 Jan 2026 monthly Jan 1994 - Jan 2026
Peru (USD mn) 3,999.4 Dec 2025 monthly Jan 1985 - Dec 2025
Philippines (USD mn) -3,524.9 Dec 2025 monthly Jan 1957 - Dec 2025
Poland (USD mn) 119.4 Nov 2025 monthly Jan 1986 - Nov 2025
Portugal (USD mn) -3,362.3 Dec 2025 monthly Jan 1957 - Dec 2025
Qatar (USD mn) 3,869.8 Dec 2025 monthly Jan 2014 - Dec 2025
Romania (USD mn) -3,146.5 Dec 2025 monthly Aug 1990 - Dec 2025
Russia (USD mn) 9,361.0 Nov 2025 monthly Jan 1998 - Nov 2025
Saudi Arabia (USD mn) 72,543.2 2024 yearly 1957 - 2024
Serbia (USD mn) -1,204.3 Dec 2025 monthly Jan 2001 - Dec 2025
Singapore (USD mn) 1,708.9 Dec 2025 monthly Jan 1976 - Dec 2025
Slovakia (USD mn) -190.6 Dec 2025 monthly Jan 2004 - Dec 2025
Slovenia (USD mn) -246.7 Dec 2025 monthly Nov 1991 - Dec 2025
South Africa (USD mn) 1,376.9 Dec 2025 monthly Oct 2004 - Dec 2025
Spain (USD mn) -6,368.1 Nov 2025 monthly Dec 1975 - Nov 2025
Sri Lanka (USD mn) -997.2 Dec 2025 monthly Jan 1982 - Dec 2025
Sudan (USD mn) -464.5 Sep 2025 monthly Jan 2003 - Sep 2025
Sweden (USD mn) 796.3 Dec 2025 monthly Jan 1957 - Dec 2025
Switzerland (USD mn) 2,425.0 Dec 2025 monthly Jan 1957 - Dec 2025

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Montenegro Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.1 Sep 2025 quarterly Dec 2012 - Sep 2025
Consolidated Fiscal Balance (USD mn) -174.631 Dec 2025 monthly Jan 2012 - Dec 2025
Tax Revenue (USD mn) 230.124 Dec 2025 monthly Jan 2012 - Dec 2025
Tax Revenue: % of GDP (%) 24.2 Sep 2025 quarterly Mar 2012 - Sep 2025
National Government Debt (USD mn) 5,521.7 Sep 2025 monthly Dec 2010 - Sep 2025
Government Debt: % of GDP (%) 58.3 Sep 2025 quarterly Dec 2010 - Sep 2025
Forecast: Government Expenditure (EUR bn) 4.812 2030 yearly 2002 - 2030
Forecast: Government Net Debt (EUR bn) 6.956 2030 yearly 2002 - 2030
Forecast: Government Revenue (EUR bn) 4.350 2030 yearly 2002 - 2030
General Govt Revenue: Cons: Taxes: Value Added Tax (EUR) 131,336,012.740 Dec 2025 monthly Jan 2012 - Dec 2025
General Govt Revenue: Cons: Taxes (EUR) 196,519,134.140 Dec 2025 monthly Jan 2012 - Dec 2025
General Govt Expenditure: Consolidated (EUR) 481,239,492.290 Dec 2025 monthly Jan 2012 - Dec 2025
General Govt Balance: Consolidated: Deficit or Surplus (EUR) -149,130,051.790 Dec 2025 monthly Jan 2012 - Dec 2025
General Government Revenue: Consolidated (EUR) 332,109,440.500 Dec 2025 monthly Jan 2012 - Dec 2025
General Govt Revenue: Cons: Taxes: Excises (EUR) 36,470,170.960 Dec 2025 monthly Jan 2012 - Dec 2025
General Govt Expenditure: Cons: ow Current (EUR) 390,416,533.320 Dec 2025 monthly Jan 2012 - Dec 2025
Gross General Government Debt: Domestic (EUR mn) 287.630 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government External Debt (EUR mn) 4,417.700 Sep 2025 monthly Dec 2010 - Sep 2025
Gross General Government Debt (EUR mn) 4,705.330 Sep 2025 monthly Dec 2010 - Sep 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 1.534 2028 yearly 2003 - 2028
Trade Balance (USD mn) -319.9 Nov 2025 monthly Jan 2005 - Nov 2025
Total Exports (USD mn) 75.7 Dec 2025 monthly Jan 2005 - Dec 2025
Total Exports Growth (%) -5.4 Dec 2025 monthly Jan 2006 - Dec 2025
Aluminum: Exports (USD th) 41,867.902 2024 yearly 2008 - 2024
Exports: Medicament (USD th) 41,859.324 2024 yearly 2008 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 95.438 2024 yearly 2008 - 2024
Total Imports (USD mn) 459.2 Dec 2025 monthly Jan 2005 - Dec 2025
Total Imports Growth (%) 10.0 Dec 2025 monthly Jan 2006 - Dec 2025
Imports: Medicament (USD th) 161,040.012 2024 yearly 2008 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 69,267.944 2024 yearly 2008 - 2024
Total Exports to USA (USD mn) 2.353 Dec 2025 monthly Jan 2010 - Dec 2025
Total Imports from USA (USD mn) 4.082 Dec 2025 monthly Jan 2006 - Dec 2025
Total Exports to China (USD mn) 0.418 Dec 2025 monthly Jan 2010 - Dec 2025
Total Imports from China (USD mn) 55.967 Dec 2025 monthly Jan 2006 - Dec 2025
Exports: Europe: EU-28: Slovenia (EUR th) 1,417.484 Dec 2025 monthly Mar 2009 - Dec 2025
Exports: Europe: CEFTA: Serbia (EUR th) 19,078.298 Dec 2025 monthly Mar 2009 - Dec 2025
Exports: Machinery & Transport Equipment (EUR th) 3,789.538 Dec 2025 monthly Mar 2009 - Dec 2025
Exports: Mineral Fuels, Lubricants & Related Materials (EUR th) 12,790.874 Dec 2025 monthly Mar 2009 - Dec 2025
Exports: Food & Live Animals (EUR th) 6,643.392 Dec 2025 monthly Mar 2009 - Dec 2025
Exports: Manufactured Goods (EUR th) 3,320.534 Dec 2025 monthly Mar 2009 - Dec 2025
Exports: Crude Materials: excl Fuels (EUR th) 7,715.657 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Europe: EU-28: Greece (EUR th) 9,639.087 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Europe: CEFTA: Serbia (EUR th) 88,946.272 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Miscellaneous Manufactured Goods (EUR th) 57,667.797 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Food & Live Animals (EUR th) 90,146.299 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Manufactured Goods (EUR th) 71,044.403 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Machinery & Transport Equipment (EUR th) 116,836.229 Dec 2025 monthly Mar 2009 - Dec 2025
Imports: Mineral Fuels, Lubricants & Related Materials (EUR th) 45,246.829 Dec 2025 monthly Mar 2009 - Dec 2025
Imports (EUR th) 392,140.299 Dec 2025 monthly Jan 2005 - Dec 2025
Exports (EUR th) 64,607.450 Dec 2025 monthly Jan 2005 - Dec 2025
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 16.5 Sep 2025 quarterly Mar 2005 - Sep 2025
Current Account Balance (USD mn) 69.2 Sep 2025 quarterly Mar 2004 - Sep 2025
Current Account Balance: % of GDP (%) 2.3 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Direct Investment (USD mn) 169.4 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Direct Investment: % of GDP (%) 5.6 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment (USD mn) -23.088 Sep 2025 quarterly Mar 2005 - Sep 2025
Foreign Portfolio Investment: % of GDP (%) -0.8 Sep 2025 quarterly Mar 2010 - Sep 2025
Foreign Portfolio Investment: Equity Securities (USD mn) 113.6 Jun 2025 quarterly Mar 2007 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 29.585 Jun 2025 quarterly Mar 2007 - Jun 2025
External Debt (USD mn) 8,741.3 2024 yearly 2006 - 2024
External Debt: % of GDP (%) 105.7 2024 yearly 2006 - 2024
External Debt: Short Term (USD mn) 235.2 2024 yearly 2007 - 2024
External Debt: Short Term: % of GDP (%) 2.8 2024 yearly 2007 - 2024
Forecast: Current Account Balance (USD bn) -1.945 2030 yearly 2001 - 2030
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: 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
Foreign Direct Investment: Flow: Serbia (EUR) 125,266,558.270 2023 yearly 2002 - 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 4.3 Jun 2024 monthly Aug 2010 - Jun 2024
Household Debt: % of GDP (%) 28.3 Sep 2025 quarterly Mar 2007 - Sep 2025
Non-Performing Loans (USD mn) 205.823 Jun 2024 monthly Dec 2010 - Jun 2024
M2 Growth (%) 9.9 2024 yearly 2003 - 2024
Reserve Requirement Ratio (%) 5.5 Dec 2025 monthly Jan 2002 - Dec 2025
Foreign Exchange Reserves (USD mn) 2,081.3 Dec 2025 monthly Dec 2002 - Dec 2025
Foreign Exchange Reserves: % of GDP (%) 19.347 Sep 2025 quarterly Dec 2006 - Sep 2025
Foreign Exchange Reserves: Months of Import (NA) 4.5 Dec 2025 monthly Jan 2005 - Dec 2025
Gold Reserves (USD mn) 0.000 Dec 2025 monthly Dec 2002 - Dec 2025
Total Deposits (USD mn) 7,126.573 Dec 2025 monthly Jan 2003 - Dec 2025
Total Deposits Growth (%) 4.0 Dec 2025 monthly Jan 2004 - Dec 2025
Domestic Credit (USD mn) 4,697.7 Oct 2025 monthly Jan 2005 - Oct 2025
Domestic Credit Growth (%) 9.7 Dec 2025 monthly Jan 2006 - Dec 2025
Household Debt (USD mn) 2,801.6 Dec 2025 monthly Dec 2004 - Dec 2025
Total Loans (USD mn) 6,207.035 Oct 2025 monthly Jan 2003 - Oct 2025
Total Loans Growth (%) 14.24 Dec 2025 monthly Jan 2004 - Dec 2025
Private Debt: % of Nominal GDP (%) 49.09 Sep 2025 quarterly Mar 2007 - Sep 2025
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

More Indicators for Montenegro

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