Foreign trade exchange 3,87 billion euros, 46 percent more than last year

Exported goods worth 623,5 million euros, which is 64,7 percent more compared to the comparative period. Imports were 42,9 percent higher and amounted to 3,24 billion

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Illustration, Photo: Shutterstock
Illustration, Photo: Shutterstock
Disclaimer: The translations are mostly done through AI translator and might not be 100% accurate.

The total foreign trade of Montenegro in the first 11 months, according to Monstat's preliminary data, amounted to 3,87 billion euros, which is 46 percent more compared to the same period of the previous year.

Monstat announced that goods worth 623,5 million euros were exported, which is 64,7 percent more compared to the comparative period. Imports were 42,9 percent higher and amounted to 3,24 billion euros.

"The coverage of imports by exports amounted to 19,2 percent and is higher compared to the same period of the previous year when it amounted to 16,7 percent," the announcement states.

In the structure of exports, the most represented products are classified by material in the amount of 186,1 million euros, which consists of non-ferrous metals 160,8 million euros and others.

In the structure of imports, machines and transport devices are the most represented in the amount of 639,8 million euros, which include road vehicles in the amount of 201,7 million euros, electrical machines, appliances and devices in the amount of 130,1 million euros and others.

The largest foreign trade partners in exports were Serbia with 129,2 million euros, Switzerland with 106,1 million euros and Bosnia and Herzegovina with 79,9 million euros.

The largest foreign trade partners in imports were Serbia with 561,4 million euros, China with 302 million euros and Greece with 268,8 million euros.

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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