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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.

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