Total external trade in goods of Montenegro for January-February 2023 increased by 27.6%

The total external trade in goods of Montenegro for January-February 2023 according to the preliminary results is 629.5 million EUR, indicating the growth of 27.6% in comparison with the same period of the previous year. The value of exports of goods was 156.8 million EUR, and import was 472.7 million EUR. Compared to the same period last year, exports increased by 21.6%, while imports increased by 29.7%. The coverage of import by export was 33.2% and it was lower compared to the coverage for the same period of the previous year when it was 35.4%. In the structure of exports, in accordance with the Standard International Trade Classification (SITC), the most present products were Mineral fuels, lubricants and related materials (Section 3), in amount of 103.0 million EUR (consisted of Electric current – 99.8 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 109.9 million EUR (consisted of: Road vehicles – 38.0 million EUR and other). Main trading partners in exports on an individual basis were: Serbia (35.1 million EUR), Slovenia (34.0 million EUR) and Bosnia and Herzegovina (24.5 million EUR). Main trading partners in imports on an individual basis were: Serbia (75.1 million EUR), China (54.6 million EUR), and Germany (43.7 million EUR). The highest external trade was with CEFTA parties and the EU member states.