The total external trade of Montenegro for period January-October 2016 is EUR 1 980.2 million, indicating the growth of 11.3% in comparison with the same period of the previous year.

 

The value of exports of goods is EUR 261.2 million, what is 6.6% higher compared to the same period of previous year, and imports are EUR 1 719 million, what is 12.1% higher compared to the same period of previous year.

 

The coverage of import by export is 15.2%, and it is lower compared to the coverage for the same period of previous year, when it was 16%.

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 73.8 million (consisted of: Non-ferrous metals with the amount of EUR 53.4 million, and Iron and steel with EUR 12.8 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 440.2 million (consisted of: Road vehicles with EUR 108.8 million, and Electrical machinery, apparatus and appliances with EUR 105.2 million).

 

Main trading partners in exports with individual basis were: Serbia (EUR 61 million), Hungary (EUR 32.2 million) and Bosnia and Herzegovina (EUR 19.2 million).

 

Main trading partners in imports with individual basis were: Serbia (EUR 383.1 million), Germany (EUR 186 million), and China (EUR 158.2 million). The highest external trade trend was with CEFTA and EU countries.