External trade in goods of Montenegro

The total external trade in goods of Montenegro for january-may 2024 according to preliminary results is 1 822.5 million EUR, indicating the increase of 2.6% in comparison with the same period of the previous year.

The value of exports of goods was 251.5 million EUR, and import was 1 571.0 million EUR. Compared to the same period last year, exports decreased by 22.4%, while imports increased by 8.2%.

The coverage of import by export was 16.0% and it was lower compared to the coverage for the same period of the previous year when it was 22.3%.

In the structure of exports, in accordance with the Standard International Trade Classification (SITC), the most present products were Mineral fuels, lubricants and related materials (Section 3), in amount of 56.5 million EUR (consisted of Electric current – 47.7 million EUR and other).

In the structure of imports, in accordance with the SITC, the most present products were Machinery and transport equipment (Section 7) in amount of 404.6 million EUR (consisted of: Road vehicles – 156.2 million EUR and other).

Main trading partners in exports on an individual basis were: Serbia (76.5 million EUR), Switzerland (16.2 million EUR) and Bosnia and Herzegovina (15.5 million EUR).

Main trading partners in imports on an individual basis were: Serbia (260.4 million EUR), China (192.4 million EUR) and Germany (163.4 million EUR). The highest external trade was with CEFTA parties and the EU member states.

Source: Statistics Montenegro
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