(SeeNews) – Montenegro’s trade deficit increased by 27.6% on the year to 629.5 million euro ($684.1 million) in the first two months of 2023, the country’s statistical office said on Thursday.
Exports rose by 21.6% on the year to 156.8 million euro in the review period, while imports went up 29.7% to 472.7 million euro, the statistical office said in a statement.
Montenegro’s key export destinations were Serbia, which attracted exports worth 35.1 million euro in the first two months of 2023, Slovenia with 34 million euro, and Bosnia and Herzegovina with 24.5 million euro.
Montenegro’s imports originated mainly from Serbia, which accounted for 75.1 million euro worth of imports, China with 54.6 million euro, and Germany with 43.7 million euro.
In 2022, Montenegro’s trade deficit expanded by 44% to 4.240 billion euro.
$ = 0.9203 euro
Source : SeeNews