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Montenegro’s trade deficit widened to EUR 351.1 million in October 2025 from EUR 312.5 million in the corresponding month of the previous year. Exports fell by 6.5% year-on-year to EUR 43.7 million, while imports climbed by 9.9% to EUR 394.8 million. From January to October, the trade deficit increased to EUR 3,219.4 million in the same period last year. On a cumulative basis, exports decreased by 4.5% to EUR 458.1 million, dragged down by declines in machinery and transport equipment (-32.2%), manufactured goods classified by material (-17.1%), and beverages and tobacco (-8.1%). Meanwhile, imports grew by 7.9% to EUR 3,677.5 million, driven by higher purchases of beverages and tobacco (+10.1%), machinery and transport equipment (10.1%), and food and live animals (+7.7%).