Montenegro’s Preliminary External Trade in Goods for January 2024: Totaling 260.8 Million EUR, Signaling a 13.8% Decline Year-on-Year

The total external trade in goods of Montenegro for January 2024 according to preliminary results is 260.8 million EUR, indicating a decline of 13.8% in comparison with the same month of the previous year.

The value of exports of goods was 44.0 million EUR, and import was 216.8 million EUR. Compared to the same month last year, exports decreased by 49.9%, while imports increased by 1.0%.

The coverage of import by export was 20.3% and it was lower compared to the coverage for the same month of the previous year when it was 40.9%.

In the structure of exports, in accordance with the Standard International Trade Classification (SITC), the most present products were Machinery and transport equipment (Section 7), in amount of 13.8 million EUR (consisted of Other transport equipment – 10.2 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) in amount of 55.5 million EUR (consisted of: Road vehicles – 20.4 million EUR and other).

Main trading partners in exports on an individual basis were: Czech Republic (12.4 million EUR), Serbia (12.3 million EUR), and Kosovo (2.5 million EUR).

Main trading partners in imports on an individual basis were: Serbia (34.1 million EUR), Germany (24.0 million EUR), and China (23.9 million EUR). The highest external trade was with CEFTA parties and the EU member states.