Non-EU trade overtakes European commerce for Monaco's external business
By Alexandre Morel, MonacoViews Editorial
Monaco's trade patterns shift as transactions with countries outside the European Union now exceed exchanges with EU member states for the first time.
A landmark shift has occurred in Monaco's international trade landscape, with business transactions beyond the European Union now surpassing commerce with EU member nations, excluding France.
The Monaco Statistics Institute's latest External Trade Observatory report for 2025 reveals this historic change in the Principality's commercial patterns. For the first time, goods exchanged between Monaco and non-EU countries represent the majority of total trade volume.
This development signals a diversification in Monaco's economic partnerships, moving away from traditional European-focused commerce towards a more globally distributed trade network. The shift reflects broader changes in international business relationships and Monaco's expanding economic reach beyond its immediate regional neighbours.
The statistics exclude France from the EU calculations, recognising the unique customs relationship between Monaco and its neighbouring nation, which operates under separate arrangements from standard European Union trade protocols.