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Montenegro’s 10-mo trade gap widens

Author Radomir Ralev
Montenegro’s 10-mo trade gap widens Source: Pixabay

PODGORICA (Montenegro), December 2 (SeeNews) – Montenegro’s trade deficit expanded by 1.6% on the year to 1.838 billion euro ($2.025 billion) in the first ten months of 2019, the country's statistical office said.

Exports grew 4.1% to 340.6 million euro in January-October, while imports rose 2% to 2.179 billion euro, the statistical office said in a statement on Friday.

Montenegro's key export destinations in the first ten months of 2019 were Serbia with 82.8 million euro, Hungary with 38.9 million euro and Bosnia and Herzegovina with 26 million euro.

Imports into the country came mainly from Serbia which accounted for 424.9 million euro, Germany ranked second with 198.7 million euro and China followed with 185.8 million euro.

In 2018, Montenegro's trade gap widened by 11.5% to 2.154 billion euro.

($ = 0.907756 euro)