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Montenegro’s Jan-Jul trade gap widens

Author Radomir Ralev
Montenegro’s Jan-Jul trade gap widens Source: Pixabay

PODGORICA (Montenegro), August 30 (SeeNews) –Montenegro’s trade deficit expanded by 3.6% to 1.27 billion euro ($1.4 billion) in the first seven months of 2019, the country's statistical office said on Friday.

Exports declined by 0.6% to 228.8 million euro in January-July, while imports rose 3% to 1.499 billion euro, the statistical office said in a statement.

Montenegro's key export destinations in the first seven months of 2019 were Serbia with 54.4 million euro, Hungary with 27.6 million euro and Bosnia and Herzegovina with 18.4 million euro.

Imports into the country came mainly from Serbia which accounted for 289 million euro, Germany ranked second with 137.9 million euro and China followed with 126.9 million euro.

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

($ = 0.905888 euro)