Montenegro Balança Comercial

Montenegro’s trade deficit widened to EUR 357.2 million in June 2025 from EUR 322.2 million in the corresponding month of the previous year. This marked the largest deficit since records began in January 2007. Exports rose by 21.6% year-on-year to EUR 45.2 million, while imports rose by 12% to EUR 402.4 million. Considering January to June of 2025, exports fell by 2.2% compared to the same period a year earlier to EUR 282.3 million, weighed down by lower sales of manufactured goods classified by material (-45.7%), beverages and tobacco (-23.5%), machinery and transport equipment (-30.1%), animal oils and fats (-9.3%), and miscellaneous manufactured articles (-3.8%). Meanwhile, imports rose by 7.0% to EUR 2,078.3 million, primarily driven by increased purchases of beverages and tobacco (14.1%), miscellaneous manufactured articles (11%), and chemicals (7.8%). By country, America remains in the top 10 export partners of Montenegro amid the ongoing US tariff tensions.