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Montenegro’s EU Accession Could Reshape Serbia’s Largest Regional Trade Surplus

Serbia recorded a €1.3 billion goods-trade surplus with Montenegro in 2025, a position that could face new competitive and regulatory pressures as Montenegro advances toward European Union membership. Serbian official data cited by the Ministry of Foreign Affairs put total bilateral goods trade at €1.57 billion last year. Serbian exports reached €1.44 billion, while imports from Montenegro amounted to €130 million. Montenegro’s prospective entry into the EU would move the market from the CEFTA trading framework into the EU customs…

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