Friday, 10th October 2025

Montenegro’s Foreign Trade Reaches €4.26 Billion, Imports Surge

Montenegro’s trade sees growth in imports, decline in exports

Montenegro’s foreign trade in goods totaled €4.26 billion in the first 11 months of 2023, marking a 3.7% increase compared to the same period last year, according to Monstat’s preliminary data.

Exports amounted to €546.7 million, down 11.4% year-on-year, while imports rose by 6.4% to €3.72 billion. The export-to-import coverage ratio declined to 14.7%, compared to 17.7% in the same period last year.

Mineral fuels and lubricants dominated exports with €129.3 million, while machinery and transport equipment led imports at €896.9 million, including €340.6 million for road vehicles.

Key export partners included Serbia (€162.1 million), Bosnia and Herzegovina (€36 million), and Switzerland (€31 million). On the import side, Serbia ranked first with €641.1 million, followed by China (€439 million) and Germany (€368.8 million).

Most trade activity occurred with CEFTA members and the European Union, highlighting the importance of these blocs in Montenegro’s trade network.

Have a news tip or story to share? Email us at info@connectingregion.com

Zuckerberg Predicts Mobile Phones Will Disappear by 2030

TThis is inevitable as new technologies like augmented reality (AR) glasses and virtual reality (VR) devices reshape how people...

ProCredit Launches ProConnect Platform

The platform is the first of its kind in the region, offering firms the ability to present their products...

Switzerland Tops Global Innovation Ranking, China Enters Top 10

China has entered the top 10 for the first time, taking the 10th spot and replacing Germany, which fell...

Meta, Google, Microsoft Pay Top AI Experts Up to $300K

Meta, Google, and Microsoft offer top researchers up to $300,000 annually—and up to $1.5M over four years. Meta recently...

World First: Albania Elevates AI to Ministerial Rank

In a world first, Albania has appointed an artificial intelligence system to ministerial rank. Prime Minister Edi Rama announced...
spot_img

Connecting the Adria Region Decision Makers

The Region is more than a publication - it's where the region's elite converge for insights and opportunities