The total external trade of Montenegro for period January-November 2016 is EUR 2 179 million, indicating the growth of 11.8% in comparison with the same period of the previous year.

 

The value of exports of goods is EUR 293.7 million, what is 6.9% higher compared to the same period of previous year, and imports are EUR 1 885.3 million, what is 12.6% higher compared to the same period of previous year.

 

The coverage of import by export is 15.6%, and it is lower compared to the coverage for the same period of previous year, when it was 16.4%.

 

Structure of exports in accordance with the Standard International Trade Classification (SITC) the most present products are Manufactured goods classified chiefly by material – Section 6, in amount of EUR 80 million (consisted of: Non-ferrous metals with the amount of EUR 58.1 million, and Iron and steel with EUR 13.6 million).

 

The structure of imports in accordance with the Standard International Trade Classification is presented mostly products of Section 7 – Machinery and transport equipment with EUR 486.4 million (consisted of: Electrical machinery, apparatus and appliances with EUR 122.5 million , and Road vehicles with EUR 121.1 million).

 

Main trading partners in exports with individual basis were: Serbia (EUR 70.6 million), Hungary (EUR 33.6 million) and Bosnia and Herzegovina (EUR 22.5 million).