News
25.01.2017
External trade of Montenegro January – December 2016
The total external trade of Montenegro for period January–December 2016 is EUR 2 385.1 million, indicating the growth of 10.5% in comparison with the previous year.
The value of exports of goods is EUR 325.8 million, what is 2.7% higher compared to the same period of previous year, and imports are EUR 2 059.2 million, what is 11.8% higher compared to the same period of previous year. The coverage of import by export is 15.8% and it is lower compared to the coverage for the same period of previous year, when it was 17.2%.
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 86.6 (consisted of: Non-ferrous metals with the amount of EUR 63 million, and Iron and steel with EUR 14.3 million).
The structure of imports in accordance with the SITC is presented mostly products of Section 7 – Machinery and transport equipment with EUR 527.4 million (consisted of: Road vehicles with EUR 134.5 million, and Electrical machinery, apparatus and appliances with EUR 129.8 million). Main trading partners in exports on an individual basis were: Serbia (EUR 82 million), Hungary (EUR 35 million) and Bosnia and Herzegovina (EUR 26.6 million). Main trading partners in imports on an individual basis were: Serbia (EUR 457.1 million), Germany (EUR 217 million), and China (EUR 184.6 million). The highest external trade was with CEFTA parties and the EU member states.
