News

25.01.2018
External trade in goods of Montenegro January-December 2017

The total external trade in goods of Montenegro for period January-December 2017 is EUR 2 674.1 million, indicating the growth of 12% in comparison with the previous year.
 
The value of exports of goods was 371.1 million EUR, and import was 2 303 million EUR. Compared with the same period of 2016, exports increased 13.9%, and imports increased 11.7%.
 
The coverage of import by export was 16.1% and it was higher compared to the coverage for the same period of previous year (15.8%).
 
In the structure of exports, in accordance with the Standard International Trade Classification (SITC), the most present products were Manufactured goods classified chiefly by material (Section 6), in amount of EUR 103.9 million (consisted of: Non-ferrous metals - EUR 71.9 million, and Iron and steel - EUR 17.9 million).
 
In the structure of imports, in accordance with the SITC, the most present products were Machinery and transport equipment (Section 7) with EUR 552.4 million (consisted of: Road vehicles - EUR 162.7 million, Electrical machinery, apparatus and appliances - EUR 127.7 million).
 
Main trading partners in exports on an individual basis were: Serbia (EUR 66 million) Bosnia and Herzegovina (EUR 47.2 million) and Hong Kong (EUR 31.7 million).
 

Main trading partners in imports on an individual basis were: Serbia (EUR 495.5 million), China (EUR 221.4 million) and Germany (EUR 196 million). The highest external trade was with CEFTA parties and the EU member states. 

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