From January to October, Montenegro’s total foreign trade amounted to €3.88 billion, with Serbia emerging as the country’s most significant trading partner, according to preliminary data from Monstat, Montenegro’s Statistics Office.
The figures indicate a 3.1% increase compared to the same period last year. Exports were valued at €479.8 million, while imports reached €3.4 billion.
In terms of exports, Montenegro’s main trading partners were Serbia (€138.9 million), Bosnia and Herzegovina (€30.3 million), and Slovenia (€27.8 million). On the import side, Serbia led with €589.2 million, followed by China (€398.3 million) and Germany (€334.1 million).
Compared to the previous year, exports decreased by 15%, while imports rose by 6.3%. The trade deficit is evident, with the export-to-import coverage ratio at 14.1%, down from 17.6% in the same period last year.
The structure of exports, classified under the Standard International Trade Classification (SITC), shows mineral fuels and lubricants as the most significant category, valued at €109 million. Imports were dominated by machinery and transport equipment, totaling €823 million, of which €313.2 million were road vehicles.
This trade data highlights Montenegro’s reliance on imports and its close economic ties with neighboring Serbia.