According to preliminary data from Monstat, Montenegro’s total foreign trade in goods reached 3.25 billion euros in the first eight months of 2025, up 5.1 percent compared to the same period last year.
Exports amounted to 365.7 million euros, a decline of 4.6 percent, while imports grew by 6.5 percent to 2.89 billion euros. This marks the most unfavorable trade balance in the past decade, with export coverage of imports at only 12.7 percent for January–August and around 10 percent in August alone.
The main export products were mineral fuels and lubricants, totaling 96.9 million euros, including 73.1 million from electricity. On the import side, machinery and transport equipment dominated with 699.2 million euros, including 275.5 million for road vehicles.
Serbia was Montenegro’s largest trading partner in both exports (97.7 million euros) and imports (502.2 million euros). Other key export markets were Bosnia and Herzegovina (31.8 million euros) and Slovenia (27.5 million euros), while China (350.7 million euros) and Germany (287.6 million euros) were among the largest import sources.
Most trade was conducted with CEFTA members and the European Union.
