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Exports fall, imports increase: Imported food worth over €700m, vehicles paid €330m

Ilustracija

Montenegrin exports fell by 3.7% last year, while imports increased by 7.8%, according to the final data from the MONSTAT Statistical Office. The coverage of imports by exports also fell and was 17.7% in 2023.

MONSTAT data show that the total foreign trade of Montenegro in the last year amounted to about €4.5bn, which indicates a growth of 5.9% compared to the same period of the previous year.

Last year, the import of goods was 5,5 times higher than the export.

“Export of goods had a value of €674.3m, while imports were worth €3.81m. The coverage of imports by exports amounted to 17.7% and was lower compared to the same period of the previous year when it was 19.8%”, MONSTAT data show.

“The largest foreign trade partners in exports were: Serbia (€190.9m), Bosnia and Herzegovina (€75.5m) and Slovenia (€73.5m)”, MONSTAT says.

The largest foreign trade partners in imports were: Serbia (€661.7m), China (€424.7m) and Germany (€368.2m). Foreign trade was the largest with CEFTA signatories and with the European Union.

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