Montenegro’s trade deficit narrowed slightly in September.

In September 2026, Montenegro's trade deficit narrowed to 342.7 million euros from 354.8 million euros in the same period last year. Exports rose by 26.3% year-on-year to 61.5 million euros, while imports increased slightly by 0.2% to 404.2 million euros. Looking at cumulative data, the trade deficit widened from 2.9102 billion euros in the same period last year to 2.9648 billion euros. Exports grew by 4.8% to 434.4 million euros, mainly driven by increases in 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 by material (+27.8%). Meanwhile, imports rose by 2.2% to 3.3993 billion euros, mainly boosted by higher purchases of mineral fuels, lubricants and related materials (+16.2%), chemicals (+5.7%), beverages and tobacco (+9.4%), and miscellaneous manufactured goods (+3.9%). Among trade partners, Europe accounted for the largest share of exports and imports, at 94.2% and 79.3% respectively.