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25.06.2014

External trade of Montenegro January-May 2014


The total external trade of Montenegro for period January-May 2014 is EUR 775.3 million, indicating the drop of 8.1% in comparison with the same period of the previous year.

The value of exports of goods is EUR 118.3 million, what is 28.6% less compared to the same period of previous year, and imports are EUR 657.1 million, what is 3% less compared to the same period of previous year. The coverage of import by export is 18%, and it is lower compared to the coverage for the same period of previous year, when it was 24.4%.

Structure of exports in accordance with the SITC (Standard International Trade Classification) the most present products are Manufactured goods classified chiefly by material – Section 6, in amount of EUR 32.7 million (consisted of: Non-ferrous metals with the amount of EUR 28.3 million, and Iron and steel with EUR 1.7 million).

The structure of imports in accordance with the classification SITC (Standard International Trade Classification) is presented mostly products of Section 7 – Machinery and transport equipment with EUR 132.8 million (consisted of: Road vehicles with EUR 37.5 million, and General industrial machinery and equipment with EUR 25.3 million). Main trading partners in exports with individual basis were: Serbia (EUR 30.9 million), Republic of Croatia (EUR 24.1 million) and Slovenia (EUR 7.8 million). Main trading partners in imports with individual basis were: Serbia (EUR 178.2 million), Bosnia and Herzegovina (EUR 54 million), and China (EUR 53.5 million). The highest external trade trend was with CEFTA and EU countries.
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