FX.co ★ Montenegro Trade Gap Narrows Slightly in September

Montenegro’s trade deficit narrowed to €342.7 million in September 2026, down from €354.8 million in the same month a year earlier. Exports surged by 26.3% year-on-year to a nine-month high of €61.5 million, while imports inched up by 0.2% to €404.2 million.

On a cumulative basis, however, the trade deficit widened to €2,964.8 million from €2,910.2 million a year earlier. Total exports increased by 4.8% to €434.4 million, supported mainly by higher shipments of food and live animals (+20.9%), beverages and tobacco (+16.4%), mineral fuels, lubricants and related materials (+23.5%), and manufactured goods classified chiefly by material (+27.8%).

Imports over the same period grew by 2.2% to €3,399.3 million, driven by increased purchases of mineral fuels, lubricants and related materials (+16.2%), chemicals (+5.7%), beverages and tobacco (+9.4%), and miscellaneous manufactured articles (+3.9%).

Europe remained Montenegro’s dominant trading partner, accounting for 94.2% of total exports and 79.3% of total imports.