Montenegro’s foreign trade from the beginning of the year to the end of July amounted to EUR1.4bn, which equaled a decrease of EUR300m or 17.8%, according to the statistical authority Monstat’s data.
Exports from Montenegro in January–July totaled EUR200m, while imports added up to EUR1.22bn, meaning that the trade deficit in just seven months exceeded EUR1bn, the daily Vijesti reports.
Relative to the same period last year, exports dropped 12.5%, while imports sank by 18.7%. Montenegro had the biggest trade in this period with Serbia, totaling EUR285m, which accounts for 20% of Montenegro’s total trade with the world.
In the same period last year, trade with Serbia was worth EUR343m. In the observed period, Montenegro imported goods worth EUR236m from Serbia and exported goods worth 50m, which equals 25% of its total exports.
After Serbia, the second biggest trade partner was China, with imports totaling EUR122m and exports totaling 13m. Behind it is Germany with trade worth EUR121m, of which imports were worth 111m and exports 10m.