How much is the import price of Montenegro outdoor power supply

Where is electricity produced in Montenegro?

The majority of electricity in Montenegro is primarily produced at the Pljevlja coal-fired Thermal Power Plant and the Perucica and Piva Hydropower Plants\. The core activities of the majority state-owned Electrical Power Company of Montenegro (EPCG) are electricity generation, transmission, distribution, and supply.

What are the major types of imports in Montenegrin?

Major categories of imports include: cosmetics, personal hygiene products, food stuffs, and clothing. According to 2022 data from the Montenegrin Statistical Office (Monstat), foreign trade exchange was $4.47 billion. The value of overall exported and imported goods in 2022 was EUR 700.3 million and EUR 3.53 billion, respectively.

How does Montenegro utilize its hydro power?

Montenegro currently uses only approximately 20 percent of its hydro power potential. To fully develop this sector, Montenegro needs to upgrade its transmission and distribution network. The most important development project in the transmission system was the construction of an underwater electricity cable to transport the power to and from Italy. Montenegro will need to continue investing in its hydro power infrastructure to increase its usage and export capabilities.

How are customs tariffs calculated in Montenegro?

Tariffs range from zero to 30 percent. Customs tariffs are not calculated on exported goods. Montenegro is a member of the Central European Free Trade Agreement (CEFTA). Import duties are set by the customs tariff, as an integral part of the Customs Tariff Law, which is fully based on terms harmonized with EU legislation.

Who are Montenegro's major export partners?

Montenegro’s most important export partners were Serbia (EUR 149.4 million), Switzerland (EUR 108 million) and Bosnia and Herzegovina (EUR 90.6 million), with imports mainly coming from Serbia (EUR 614.8 million), China (EUR 330.6 million) and Greece (EUR 289.1 million).

What is Montenegro's trade policy?

Trade policy is characterized by a low level of custom duties and the absence of non-tariff trade barriers. The tariff system is prescribed by the Law on Customs Tariffs. Tariffs range from zero to 30 percent. Customs tariffs are not calculated on exported goods. Montenegro is a member of the Central European Free Trade Agreement (CEFTA).