Montenegrin imports five times higher than exports

(Patria) - Montenegro's total foreign trade in goods in the first ten months, according to preliminary data from Monstat, amounted to 3.52 billion euros, which is 47.9 percent more than in the same period last year, Montenegrin media report.

Monstat announced that goods worth 576.6 million euros were exported, which is 69.9 percent more than in the same period last year. Imports were higher by 44.2 percent and amounted to 2.94 billion euros.

"The coverage of imports by exports was 19.6 percent and is higher compared to the same period last year when it was 16.6 percent," the statement said.

Montenegro exports the most mineral fuels and lubricants in the amount of 174.1 million euros and electricity for 140.2 million.

The most imported are machinery and transport equipment in the amount of 577.3 million euros, followed by electrical machinery, apparatus and appliances.

The largest export markets for Montenegrin products were Serbia with 115.3 million euros, Switzerland with 105.3 million, and Bosnia and Herzegovina with 74.7 million.

The largest imports were from Serbia in the amount of 506.9 million euros, followed by China with 270.1 million and Greece with 247.4 million.