The gap between Montenegrin exports and imports is increasing, so that the total foreign trade merchandise exchange from January to the end of July this year, according to preliminary data, amounted to EUR 2.56 billion, which indicates a growth of 8.6 percent compared to the same period in the previous year, announced the Directorate for Statistics Monstat.
Exports of goods had a value of EUR 411.8 million, and imports EUR 2.1 billion.
As economic analyst Mirza Mulešković said, the data show that we have not done much in terms of developing the domestic economy.
He is of the opinion that we should primarily look at the part related to agriculture, and we should not forget that the IT sector is very important in that part.
– Of course, the energy sector should continue to be developed, as well as the service sector, which can be very important in Montenegro. Also, what these data show is that it is important for Montenegro to further develop the industry and in this way to start the entire export and to become competitive both on the European and on the world market. To reduce the gap between imports and exports in this way – concludes Mulešković.
And the Monstat data show that compared to the same period of the previous year, exports were lower by 3.6 percent, and imports were higher by 11.3 percent. The coverage of imports by exports amounted to 19.2 percent and is lower compared to the same period of the previous year when it amounted to 22.2 percent. We mostly export electricity (EUR 176.7 million), and we import road vehicles (EUR 181.4 million).
