Montenegro Balança Comercial

Montenegro’s trade deficit widened significantly to EUR 344.8 million in September 2025 from EUR 288.6 million in the corresponding month of the previous year. Exports fell by 4.9% year-on-year to EUR 47.2 million, while imports advanced 15.9% to EUR 392 million. From January to August, the trade deficit increased to EUR 2,866.8 million in the same period last year. On a cumulative basis, exports fell by 4.7% to EUR 412.9 million, dragged down by declines in machinery and transport equipment (-30.2%), manufactured goods classified by material (-20.4%), and beverages and tobacco (-16.5%). Meanwhile, imports increased by 7.6% to EUR 3,279.6 million, driven by higher purchases of beverages and tobacco (+9.9%), miscellaneous manufactured articles (+9.8%), and food and live animals (+8.8%).