Gouvernement Princier de Monaco

Foreign Trade

As a result of the Customs Union which exists between France and the Principality of Monaco, goods and services traded between the two countries are not subject to customs formalities. The data presented here relates solely to trade between the Principality of Monaco and the rest of the world, excluding France.

The global recovery observed since mid-2016 is confirmed in 2017.  Overall production is growing faster than forecast.  World trade is growing, thanks in particular to increased investment in advanced countries and increased manufacturing output in Asia.

2017 Balance of trade
- 570.1 million euros
Source: Monaco Statistics
2017 Exports
866.2 million euros
Source: Monaco Statistics
2017 Imports
1 436.3 million euros
Source: Monaco Statistics

In this fairly dynamic international context, the Principality of Monaco's foreign trade showed more moderate growth in 2017 (+1.1 %) following the strong growth of 2016 (+11.1 %).

While the overall volume of trade continues to grow, there has been a growing divergence between imports and exports since 2013.  The amount of products sold abroad is decreasing, while imports and purchases are increasing. The trade balance has deteriorated markedly since 2013.

More than three-quarters of Monegasque trade is with partners on the European continent and mainly with members of the European Union.

Goods from the Manufacture of other industrial products (perfumes, cosmetics, etc.) account for more than half of trade (56.4 %).

http://www.monacostatistics.mc/Economy-and-Finance/Foreign-Trade