Montenegro - Handelsbalance

The trade gap in Montenegro rose to EUR 102.1 million in January of 2019 from EUR 94.6 million in the same month of the previous year. Exports increased 2.7 percent to EUR 26.6 million, boosted by sales of mineral fuels, lubricants and related materials (+39.9 percent), namely electric current (+48.2 percent); machinery and transport equipment (+56.6 percent); and chemicals (+27.5 percent) mainly medicinal and pharmaceutical products (+70.2 percent). On the other hand, shipments fell for manufactured goods classified as material (-17.2 percent) and crude materials, inedible, except fuels (-35.9 percent). Meanwhile, imports advanced at a faster 6.8 percent to EUR 128.7 million, boosted by machinery and transport equipment (+6.6 percent); food & live animals (+3.3 percent) and miscellaneous manufactured articles (+38.7 percent).

The trade gap in Montenegro fell to EUR 181.7 million in December of 2018 from EUR 194.7 million in the same month of the previous year, as imports fell 6.3 percent to EUR 2016.5 million while exports decreased at a softer 4.1 percent to EUR 34.9 million. Considering 2018, the trade gap widened to EUR 2,154 million from EUR 1,932 million in 2017, with imports rising 10.9 percent and exports advancing 7.7 percent.