External trade in goods of Montenegro January-May 2018

The total external trade in goods of Montenegro for period January-May 2018 according to preliminary results is 1 122.3 million EUR, indicating the growth of 13% in comparison with the previous year.
The value of exports of goods was 159.3 million EUR, and import was 963 million EUR. Compared with the same period of 2017, exports increased 12.3%, and imports increased 13.1%.
The coverage of import by export was 16.5% and it was lower compared to the coverage for the same period of previous year (16.7%).
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 47.3 million EUR (consisted of: Non-ferrous metals-32.4 million EUR, Iron and steel - EUR 9.4 million and other).
In the structure of imports, in accordance with the SITC, the most present products were Machinery and transport equipment (Section 7) with 278 million EUR (consisted of: Road vehicles - 77,9 million EUR, Electrical machinery, apparatus and appliances– 54.8 million EUR and other).
Main trading partners in exports on an individual basis were: Serbia (EUR 35.4 million EUR) Hungary (20 million EUR) and Bosnia and Herzegovina (13.3 million EUR).

Main trading partners in imports on an individual basis were: Serbia (175.9 million EUR), China (123.4 million EUR) and Germany (81.6 million EUR). The highest external trade was with CEFTA parties and the EU member states.