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Montenegro’s 2019 trade gap widens

Author Radomir Ralev
Montenegro’s 2019 trade gap widens Source: Pixabay

PODGORICA (Montenegro), January 29 (SeeNews) – Montenegro’s trade deficit expanded by 1.5% on the year to 2.185 billion euro ($2.404 billion) in 2019, the country's statistical office said on Wednesday.

Exports grew 3.7% to 415.5 million euro in 2019, while imports rose 1.8% to 2.6 billion euro, the statistical office said in a statement.

Montenegro's key export destinations in 2019 were Serbia with 108 million euro, Hungary with 45 million euro and Bosnia and Herzegovina with 29.8 million euro.

Imports into the country came mainly from Serbia which accounted for 500.4 million euro, Germany ranked second with 244.1 million euro and China followed with 221.6 million euro.

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

($ = 0.909062 euro)