Montenegro: The value of foreign trade declines

According to preliminary data from the state statistics agency Monstat, Montenegro’s total foreign trade in the first two months reached € 313.1m, marking a 20% drop in Viti.

Monstat reported that the exported goods were worth € 60.2 million, 1.6% less than last year. Imports were lower by 23.4% and amounted to € 252.9 million.

“Import coverage by exports was 23.8% and is higher compared to the same period last year when it was 18.5%,” Monstat reported.

In the field of exports, mineral fuels and lubricants represented the highest share in the amount of € 20.9 million.

“In the structure of imports, machinery and transport equipment represent the highest share in the amount of € 57.5 million. This refers to road vehicles (€ 16 million), electric cars, equipment and supplies (€ 15.2 million) and other things, ”the announcement adds.

The largest foreign trade partners in exports were Serbia with € 16.5 million, Slovenia with € 4.9 million and Bosnia and Herzegovina with € 4.7 million.

The largest foreign trade partners in imports were Serbia with € 49.5 million, China with € 30.4 million and Germany with € 27.9 million.

Foreign trade was highest with the signatories of the Central European Free Trade Agreement (CEFTA) and the European Union (EU).

Average wage decline 0.2%

Monstat also reported that the average wage excluding taxes and contributions in February reached € 529, 0.2% lower than in January.

The average net salary in February, compared to the same month last year, increased by 1.1%.

The average gross salary in February was € 790.

“Given the fact that consumer prices in February recorded an increase of 0.5% compared to January, it follows that real wages for the same period fell by 0.7%,” the statement notes.

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