26 January 2019 - According to preliminary data collected by Statistical Office of Montenegro - MONSTAT, the total foreign trade of Montenegro for the period January-December 2018 amounted to 2.954,4 million EUR, indicating an increase of 10% in relation to the same period of the previous year.
The export of goods amounted to 400 million EUR, and the value of imports was estimated to be 2,554 million EUR. Compared to the same period of the previous year, exports increased by 7,7%, while imports increased by 10,9%.
The coverage of import by export was 15,7% and it was lower compared to the same period of the previous year (16,1%).
According to the Standard International Trade Classification (SITC), the most common export products, which amounted to 107,2 million EUR, including sector 6 products: non-ferrous metals - 74 million EUR and iron and steel – 18,9 million EUR and others.
According to the SITC, the most common import products are Machines and transport devices (sector 7) in the amount of 638.1 million EUR. Machines and transport devices include Road vehicles – 187,2 million EUR and Electrical machinery, apparatus and devices – 124,3 million EUR and others.
The largest foreign trade partners in exports were: Serbia (93 million EUR), Hungary (46 million EUR) and Bosnia and Herzegovina (31 million EUR).
The largest foreign trade partners in import were Serbia (492 million EUR), China (257 million EUR) and Germany (235 million EUR). The foreign trade of goods was mostly conducted with the signatories of CEFTA and with the member countries of the European Union.
