NewsBy September, Montenegro achieved foreign trade of EUR 3.34 billion

By September, Montenegro achieved foreign trade of EUR 3.34 billion

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Montenegro’s total foreign trade in the first nine months, according to preliminary data from Mostat, amounted to almost EUR 3.34 billion, which is 5.6 percent more compared to the same period last year.

Monstat announced that exported goods were worth EUR 493.4 million, which is 5.2 percent less compared to the comparative period. Imports were 7.8 percent higher and amounted to EUR 2.84 billion.

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– The coverage of imports by exports amounted to 17.4 percent and is lower compared to the same period of the previous year when it amounted to 19.7 percent – it is stated in the announcement.

In the export structure, mineral fuels and lubricants are the most represented in the amount of EUR 210.6 million, which are made up of electricity with EUR 184.7 million and others.

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In the structure of imports, machines and transport devices are the most represented in the amount of EUR 646.3 million, which are made up of road vehicles with EUR 234.9 million and others.

The largest foreign trade partners in exports were Serbia with EUR 130.2 million, Bosnia and Herzegovina EUR 60.5 million and Slovenia EUR 58.8 million.

The largest foreign trade partners in imports were Serbia with EUR 497.4 million, China EUR 316.8 million and Germany EUR 264.3 million.

Foreign trade was the largest with the signatories of the Central European Free Trade Area (CEFTA) and with the European Union (EU).

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