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Montenegro’s 9-mo trade gap widens

Author Radomir Ralev
Montenegro’s 9-mo trade gap widens License: Creative Commons BY-NC 2.0

PODGORICA (Montenegro), October 25 (SeeNews) – Montenegro’s trade deficit expanded by 3.3% on the year to 1.649 billion euro ($1.834 billion) in the first nine months of 2019, the country's statistical office said on Friday.

Exports grew 2.2% to 300.5 million euro in January-September, while imports rose 3.2% to 1.95 billion euro, the statistical office said in a statement.

Montenegro's key export destinations in the first nine months of 2019 were Serbia with 72.2 million euro, Hungary with 34.8 million euro and Bosnia and Herzegovina with 22.9 million euro.

Imports into the country came mainly from Serbia which accounted for 381.2 million euro, Germany ranked second with 177.7 million euro and China followed with 164.8 million euro.

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

($ = 0.899215 euro)