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Bilateral Trade

BILATERAL TRADE FIGURES AND TRENDS (Jan-Dec 2015)

1. Trends in Bilateral trade:

(i) Bilateral Trade - (In EUR)

 ImportExportTotalGrowth % of ImportGrowth % of Export
Montenegro Trade with India6,472,81376,6096,549,42214.7%-92.5%

(ii) Top 10 items of Export to India - (In EUR)

S. No.Commodity01.Jan – 31.Dec.2015Percentage Growth (%)%Share in total Export
172:Machinery specialized for particular industries75,000N/A*97.9%
277:Electrical machinery, apparatus and appliances, and electrical parts thereof494-73.4%0.6%
389:Miscellaneous manufactured articles375N/A*0.5%
426:Textile fibres and their wastes300N/A*0.4%
569:Manufactures of metals270N/A*0.4%
666:Non-metallic mineral manufactures100N/A*0.1%
707:Coffee, tea, cocoa, spices, and manufactures thereof30N/A*< 0.1%
874:General industrial machinery and equipment, and machine parts20N/A*< 0.1%
982:Furniture and parts thereof20N/A*< 0.1%
10N/AN/AN/AN/A

*2014 Volume = 0 (ZERO)

(iv) Top 10 items of Import from India - (In EUR)

S. No.Commodity01.Jan – 31.Dec.2015Percentage Growth (%)%Share in total Import
184:Articles of apparel and clothing accessories1,558,670-8.6%24.1%
267:Iron and steel682,497310.7%10.5%
385:Footwear549,91238.7%8.5%
407:Coffee, tea, cocoa, spices, and manufactures thereof399,26633.8%6.2%
572:Machinery specialized for particular industries389,985-29.2%6.0%
665:Textile yarn, fabrics, made-up articles and related products342,99434.2%5.3%
712:Tobacco and tobacco manufactures261,35767.4%4.0%
877:Electrical machinery, apparatus and appliances, and electrical parts thereof240,018-2.2%3.7%
978:Road vehicles235,029-4.9%3.6%
1059:Chemical materials and products170,59593.2%2.6%

(vii) Trade Analysis and Significant Trends­

The very modest foreign trade data for India-Montenegro bilateral trade have shown an increase by 14.7% in imports from India to EUR 6.47 million in the January-December 2015 period. These are mainly represented by imports of Articles of Apparel and Clothing (24.1% of total), Iron and Steel (10.5%), Footwear (6.2%), Coffee, Tea, Cocoa and Spices (6.2%) and Machinery (6%). The most significant jump registered is the 310.7% increase in imports of Iron and Steel, which have tripled their significance in comparison to total imports.

The even more discreet figures of exports to India registered decrease by -92.5% to EUR 76.6 thousand in the same period. Virtually the whole amount exported (97.9%) refers to machinery, with minor other transactions in different areas. Both the current level of exports and the steep relative drop in comparison to 2014 indicate that these marks refer to punctual transactions and do not reflect any specific trend.

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