According to preliminary data, the total foreign trade of Montenegro for January-May 2023 amounted to EUR 1.75 billion, which indicates a growth of 12.2% compared to the same period of the previous year, according to the Monstat Administration for Statistics.
Exports of goods had a value of EUR 315.7 million, and imports EUR 1.44 billion. Compared to the same period of the previous year, exports were lower by 6.1%, and imports were higher by 17.2%.
The coverage of imports by exports amounted to 21.9% and is lower compared to the same period of the previous year when it amounted to 27.4%.
In the structure of exports according to the standard international trade classification (SMTK), Mineral fuels and lubricants are the most represented, in the amount of EUR 171.1 million, which are made up of electricity with EUR 162.8 million and others.
In the structure of imports according to SMTK, the most represented are machines and transport devices in the amount of EUR 339.6 million, which are made up of road vehicles with EUR 123.5 million and others.
The largest foreign trade partners in exports were Serbia with EUR 81.3 million, Bosnia and Herzegovina with EUR 47.8 million and Slovenia with EUR 46.6 million.
The largest foreign trade partners in imports were Serbia with EUR 248.7 million, China EUR 167.3 million and Germany with EUR 134.3 million. Foreign trade was the largest with CEFTA signatories and with the European Union.
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