Montenegro's total external trade drops 4% y/y

The total external trade of Montenegro for period January-December 2012 is EUR 2 187.4 million, indicating the drop of 4% in comparison with the same period of the previous year.The value of exports of goods is EUR 366.9 million, what is 19.3% less compared to the same period of...

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Montenegro's total external trade drops 4% y/y



Balkans.com Business News Correspondent - 28.01.2013

The total external trade of Montenegro for period January-December 2012 is EUR 2 187.4 million, indicating the drop of 4% in comparison with the same period of the previous year.
The value of exports of goods is EUR 366.9 million, what is 19.3% less compared to the same period of previous year, and imports are EUR 1 820.5 million, what is 0.2% less compared to the same period of previous year.
The coverage of import by export is 20.2%, and it is lower compared to the coverage for the same period of previous year, when it was 24.9%.
Structure of exports in accordance with the SITC (Standard International Trade Classification) the most present products are Manufactured goods classified chiefly by material– Section 6, in amount of EUR 154 million (consisted of: Non-ferrous metals with the amount of EUR 128.6 million, and Iron and steel with EUR 16.3 million).
The structure of imports in accordance with the classification SITC (Standard International Trade Classification) is presented mostly products of Section 0 – Food and live animals with EUR 356.6 million (consisted of: Meat and meat preparations with EUR 84.3 million, and Cereals and cereal preparations with EUR 57.1 million).
Main trading partners in exports with individual basis were: Croatia (EUR 83.5 million) Serbia (EUR 83.4 million) and Slovenia (EUR 28.9 million).
Main trading partners in imports with individual basis were: Serbia (EUR 532.8 million), Greece (EUR 159.2 million), and China (EUR 130.6 million). The highest external trade trend was with CEFTA and EU countries.
Source: MONSTAT


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