Montenegro’s foreign trade from January to October totaled €3.88 billion, with Serbia maintaining its position as the country’s leading trade partner, according to preliminary data from Monstat, Montenegro’s Statistics Office.
Trade figures reflect a 3.1% year-on-year increase. Exports amounted to €479.8 million, while imports reached €3.4 billion.
Serbia was the top export destination, accounting for €138.9 million, followed by Bosnia and Herzegovina (€30.3 million) and Slovenia (€27.8 million). On the import side, Serbia led again with €589.2 million, followed by China (€398.3 million) and Germany (€334.1 million).
Exports declined by 15% compared to the previous year, while imports rose by 6.3%. The export-to-import coverage ratio dropped to 14.1% from 17.6% in the same period last year, underlining a widening trade deficit.
Mineral fuels and lubricants dominated exports under the Standard International Trade Classification (SITC), with a total of €109 million. Imports were led by machinery and transport equipment, amounting to €823 million, including €313.2 million for road vehicles.
This data underscores Montenegro’s strong trade ties with Serbia and its dependence on imported goods to meet domestic needs.
