emg home
RSS

Serbia is Montenegro's top partner in trade

20. November 2010. | 05:17

Source: Emg, Tanjug

Serbia is Montenegro's top partner when it comes to trade, the Serbian Chamber of Commerce (PKS) has announced ahead of President Boris Tadic's visit to Podgorica, where he will open a business forum together with his Montenegrin counterpart Filip Vujanovic.

Serbia is Montenegro's top partner when it comes to trade, the Serbian Chamber of Commerce (PKS) has announced ahead of President Boris Tadic's visit to Podgorica, where he will open a business forum together with his Montenegrin counterpart Filip Vujanovic.

PKS analysts say that the trade between the two countries has surpassed Montenegro's trade with other important partners, like Germany, Greece, Italy, Bosnia-Herzegovina and Croatia. Montenegro holds 4th place on the list of Serbia's top export destinations, while import from Montenegro puts the country at the 24th spot over the first half of 2010.

The total trade between Serbia and Montenegro from January to September 2010 stands at USD 719.6 million, which is 3.7 percent less than in the same period last year. The export to Montenegro was at USD 604 million, which is a drop of 4.1 percent.

Serbia recorded a USD 488.4 million trade surplus in this period. Serbia's biggest exporters to Montenegro are: Elektroprivreda Srbije, Centar za Reciklazu, Imlek, Coca Cola Hellenic, Titan Cementara, Farmakom MB, EFT, Duvanska Industrija Nis, Knjaz Milos, Carnex, Delta Sport, Hemofarm, Soko Stark and Swisslion.

The top importers from Montenegro are: Elektroprivreda Srbije, Impol Seval, 13. Jul, Hemofarm, Kopaonik, RTB Bor, Europolis, Galenika, Korlea, Glosarij BG, Baters Prom and Interkomerc.

The cooperation between the two countries should be based on market rules and economic interest, the PKS experts state, adding that Serbia's investments in Montenegro have increased since the dissolution of the joint state in 2006.

Share:

Del.icio.us
Digg
My Web
Facebook
Newsvine

Enter text:

<<

22. November - 28. November 2010.

>>