In the first eight months of the year, Montenegro’s total foreign trade exchange reached €3.09 billion, reflecting a 3.1% increase compared to the same period last year, according to preliminary data from Monstat.
Exports during this period amounted to €383.1 million, representing a decline of 19.4% year-on-year. In contrast, imports rose to €2.71 billion, marking a 7.4% increase. Consequently, the coverage of imports by exports fell to 14.2%, down from 18.9% in the previous year.
The export composition was primarily driven by mineral fuels and lubricants, totaling €85.6 million, which included €63.2 million from electricity. On the import side, the largest category was machinery and transport equipment, amounting to €662.4 million, with road vehicles alone accounting for €249.9 million.
Montenegro’s main export partners included Serbia at €112.9 million, followed by Bosnia and Herzegovina at €25.8 million, and Slovenia at €21.9 million. The largest import partners were Serbia at €464.8 million, China at €312 million, and Germany at €264.2 million.
The bulk of foreign trade was conducted with the signatories of the Central European Free Trade Agreement (CEFTA) and the European Union (EU).
