FX.co ★ Montenegro Trade Deficit Widens in July

Montenegro’s trade deficit widened to €378.5 million in July 2026, up from €370.9 million in the same month a year earlier. Imports rose by 3.4% year-on-year to €430 million, while exports increased by 14.3% to €51.5 million.

On a cumulative basis, the trade deficit expanded to €2,295.3 million from €2,195.7 million a year earlier. Total imports grew by 3.4% to €2,608.2 million, largely reflecting higher purchases of mineral fuels, lubricants and related materials (+15.6%), chemicals (+5.9%), and miscellaneous manufactured articles (+6.3%).

By contrast, exports over the same period declined by 4.4% to €312.9 million, dragged down by lower sales of crude materials (inedible, except fuels) (-15.6%), chemicals (-17.5%), and machinery and transport equipment (-38.0%).

Europe remained Montenegro’s dominant trading partner, accounting for 93.8% of total exports and 79.1% of total imports.