Montenegro imports significantly more from the region than it manages to sell its products to neighboring countries, and this year the most important Montenegrin product is electricity. Imports from Serbia for the period from January to July this year were worth EUR 377 million, while exports were worth EUR 106 million, of which EUR 39.4 million related to electricity. Montenegro exported 54 million EUR of products to Bosnia and Herzegovina, of which 44 million was electricity, and 100 million of products were imported from this country.
Former production giants were destroyed in Montenegro in the past decades, so the remnants of domestic production have little to offer to foreign markets, and any interstate and regional activities can hardly affect the growth of Montenegrin exports.
After electricity, the most important products exported to BiH are meat products of 1.27 million, animal skins of 1.06 million, wine 896 thousand, beer 714 thousand, watermelons 698 thousand.
A part of Montenegro’s export to BiH refers to re-export, that is, the export of those products that were not produced in Montenegro but were imported into it and later transported to this neighboring country. Thus, Montenegro officially exported to BiH 671 thousand valuable machines, sugar for 420 thousand, vehicles for 142 thousand, televisions for 45 thousand, rubber for 21 thousand, pneumatic tires for 16.7 thousand…
The situation is similar with exports to Serbia. After electricity, which accounts for almost 40% of exports, sales of pharmaceutical products for 22 million, meat and meat products for 9.8 million, coal for 4.9 million, wood and wood products for 3.7 million, ore for 2.5 million, aluminum for 2.4 million, wine for 2.05 million, iron products for 1.3 million. Export products include paper labels for 925 thousand euros, stone products for 850 thousand, explosives for 832 thousand … but also chocolates for 473 thousand euros.
Montenegro “exports” to Serbia electric machines worth EUR 2.05 million, other machines for EUR 1.15 million, vehicles for EUR 1.87 million.
