BILATERAL TRADE FIGURES AND TRENDS (Jan-Dec 2015)
1. Trends in Bilateral trade:
(i) Bilateral Trade - (In EUR)
(ii) Top 10 items of Export to India - (In EUR)
*2014 Volume = 0 (ZERO)
(iv) Top 10 items of Import from India - (In EUR)
(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.