External trade in goods of Montenegro January – May 2019

The total external trade in goods of Montenegro for period January –May 2019 according to preliminary results is 1 160 million EUR, indicating the growth of 3.3% in comparison with the same period for previous year.
The value of exports of goods was 155.3 million EUR, and import was 1 005 million EUR. Compared with the same period of 2018, exports decreased 2.8%, and imports increased 4.3%.
The coverage of import by export was 15.4% and it was lower compared to the coverage for the same period of previous year (16.6%).
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 41.7 million EUR (consisted of: Non-ferrous metals 26.5 –million EUR, Iron and steel –9.8 million EUR and other).
In the structure of imports, in accordance with the SITC, the most present products were Machinery and transport equipment (Section 7) with 239.5 million EUR (consisted of: Road vehicles –83.1 million EUR, Electrical machinery, apparatus and appliances–40.8 million EUR and other).
Main trading partners in exports on an individual basis were: Serbia (38.2 million EUR), Hungary (19.5 million EUR) and Bosnia and Herzegovina (14.4 million EUR).

Main trading partners in imports on an individual basis were: Serbia (185 million EUR), Germany (94 million EUR) and China (88.6 million EUR). The highest external trade was with CEFTA parties and the EU member states.