Bilateral Trade
BILATERAL TRADE FIGURES AND TRENDS (Jan-Dec 2015)
1. Trends in Bilateral trade:
(i) Bilateral Trade - (In EUR)
| Import | Export | Total | Growth % of Import | Growth % of Export | |
|---|---|---|---|---|---|
| Montenegro Trade with India | 6,472,813 | 76,609 | 6,549,422 | 14.7% | -92.5% |
(ii) Top 10 items of Export to India - (In EUR)
| S. No. | Commodity | 01.Jan – 31.Dec.2015 | Percentage Growth (%) | %Share in total Export |
|---|---|---|---|---|
| 1 | 72:Machinery specialized for particular industries | 75,000 | N/A* | 97.9% |
| 2 | 77:Electrical machinery, apparatus and appliances, and electrical parts thereof | 494 | -73.4% | 0.6% |
| 3 | 89:Miscellaneous manufactured articles | 375 | N/A* | 0.5% |
| 4 | 26:Textile fibres and their wastes | 300 | N/A* | 0.4% |
| 5 | 69:Manufactures of metals | 270 | N/A* | 0.4% |
| 6 | 66:Non-metallic mineral manufactures | 100 | N/A* | 0.1% |
| 7 | 07:Coffee, tea, cocoa, spices, and manufactures thereof | 30 | N/A* | < 0.1% |
| 8 | 74:General industrial machinery and equipment, and machine parts | 20 | N/A* | < 0.1% |
| 9 | 82:Furniture and parts thereof | 20 | N/A* | < 0.1% |
| 10 | N/A | N/A | N/A | N/A |
*2014 Volume = 0 (ZERO)
(iv) Top 10 items of Import from India - (In EUR)
| S. No. | Commodity | 01.Jan – 31.Dec.2015 | Percentage Growth (%) | %Share in total Import |
|---|---|---|---|---|
| 1 | 84:Articles of apparel and clothing accessories | 1,558,670 | -8.6% | 24.1% |
| 2 | 67:Iron and steel | 682,497 | 310.7% | 10.5% |
| 3 | 85:Footwear | 549,912 | 38.7% | 8.5% |
| 4 | 07:Coffee, tea, cocoa, spices, and manufactures thereof | 399,266 | 33.8% | 6.2% |
| 5 | 72:Machinery specialized for particular industries | 389,985 | -29.2% | 6.0% |
| 6 | 65:Textile yarn, fabrics, made-up articles and related products | 342,994 | 34.2% | 5.3% |
| 7 | 12:Tobacco and tobacco manufactures | 261,357 | 67.4% | 4.0% |
| 8 | 77:Electrical machinery, apparatus and appliances, and electrical parts thereof | 240,018 | -2.2% | 3.7% |
| 9 | 78:Road vehicles | 235,029 | -4.9% | 3.6% |
| 10 | 59:Chemical materials and products | 170,595 | 93.2% | 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.
