Russian foreign trade
reports and reviews

Russian trade in goods with Montenegro in Q3 2018

by Russian Foreign Trade
based on data from the Federal Customs Service of Russia
The Report on Russia’s foreign trade in goods with Montenegro in the third quarter of 2018: exports, imports, products, dynamics.

Russia’s Trade with Montenegro

In the 3rd quarter of 2018, Russia’s trade with Montenegro totaled $8,900,356, up 121.53% ($4,882,647) from the 3rd quarter of 2017.

Russia’s exports to Montenegro in the 3rd quarter of 2018 were $1,801,288, down 22.08% ($510,454) from the 3rd quarter of 2017.

Russia’s imports from Montenegro in the 3rd quarter of 2018 totaled $7,099,068, up 316.13% ($5,393,101) from the 3rd quarter of 2017.

Russia’s trade balance with Montenegro went from a surplus of $605,775 in the 3rd quarter of 2017, to a deficit of $5,297,780 in the 3rd quarter of 2018.

Montenegro was Russia’s 140th largest trading partner in the 3rd quarter of 2018 (up from 148th in the 3rd quarter of 2017), accounting for 0.0052% of Russia’s total trade (up from 0.0027% in the 3rd quarter of 2017).

Montenegro was Russia’s 151st largest export market in the 3rd quarter of 2018 (down from 140th in the 3rd quarter of 2017), accounting for 0.0016% of Russia’s total exports (down from 0.0027% in the 3rd quarter of 2017).

Montenegro was Russia’s 100th largest supplier in the 3rd quarter of 2018 (up from 124th in the 3rd quarter of 2017), accounting for 0.0119% of Russia’s total imports (up from 0.0028% in the 3rd quarter of 2017).

Russia’s Exports to Montenegro

The major share of Russian exports to Montenegro in the 3rd quarter of 2018 (and in the 3rd quarter of 2017) was accounted for the following product types:

  • Mineral products (HS codes 25-27) - 50.65% of Russia’s total exports to Montenegro (33.15% in the 3rd quarter of 2017);
  • Food products and agricultural raw materials (HS codes 01-24) - 32.09% of Russia’s total exports to Montenegro (26.86% in the 3rd quarter of 2017);
  • Machinery, equipment and vehicles (HS codes 84-90) - 12.18% of Russia’s total exports to Montenegro (3.42% in the 3rd quarter of 2017);
  • Chemical products (HS codes 28-40) - 1.30% of Russia’s total exports to Montenegro (0.75% in the 3rd quarter of 2017);
  • Metals and products from them (HS codes 72-83) - 0.64% of Russia’s total exports to Montenegro (35.06% in the 3rd quarter of 2017).

The largest gains in Russia’s exports to Montenegro in the 3rd quarter of 2018 over the 3rd quarter of 2017 were recorded for the following product groups:

  • Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes (HS code 27) - an increase of $145,952;
  • Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof (HS code 84) - an increase of $97,578;
  • Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles (HS code 85) - an increase of $22,278;
  • Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings (HS code 94) - an increase of $21,085;
  • Ceramic products (HS code 69) - an increase of $20,914;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $20,525;
  • Pharmaceutical products (HS code 30) - an increase of $12,108;
  • Articles of iron or steel (HS code 73) - an increase of $11,318;
  • Miscellaneous edible preparations (HS code 21) - an increase of $9,650.

The largest declines in Russia’s exports to Montenegro in the 3rd quarter of 2018 over the 3rd quarter of 2017 were recorded for the following product groups:

  • Aluminum and articles thereof (HS code 76) - a decrease of $806,531;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $30,315;
  • Beverages, spirits and vinegar (HS code 22) - a decrease of $22,180;
  • Wood and articles of wood; wood charcoal (HS code 44) - a decrease of $13,264;
  • Plastics and articles thereof (HS code 39) - a decrease of $10,302.
Russia’s exports to Montenegro in the 3rd quarter of 2018 by product groups
HS
code
Name of product group Value of exports
in Q3 2018,
US dollars ($)
Percent share in total export Value of exports
in Q3 2017,
US dollars ($)
Percent change
in Q3 2018
over Q3 2017
21 Miscellaneous edible preparations 18,454 1.02 8,804109.61
22 Beverages, spirits and vinegar 18,711 1.04 40,891-54.24
24 Tobacco and manufactured tobacco substitutes 540,923 30.03 571,238-5.31
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 912,341 50.65 766,38919.04
30 Pharmaceutical products 16,508 0.92 4,400275.18
32 Tanning or dyeing extracts; dyes, pigments, paints, varnishes, putty and mastics 1,053 0.06 0
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 3,084 0.17 0
39 Plastics and articles thereof 2,704 0.15 13,006-79.21
44 Wood and articles of wood; wood charcoal 2,700 0.15 15,964-83.09
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,238 0.07 1,388-10.81
61 Articles of apparel and clothing accessories, knitted or crocheted 3,074 0.17 0
62 Articles of apparel and clothing accessories, not knitted or crocheted 582 0.03 0
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 5,194 0.29 0
64 Footwear, gaiters and the like; parts of such articles 82 0.00 0
65 Headgear and parts thereof 4 0.00 0
66 Umbrellas, sun umbrellas, walking sticks, seatsticks, whips, riding-crops and parts thereof 707 0.04 0
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 303 0.02 0
69 Ceramic products 20,914 1.16 0
70 Glass and glassware 594 0.03 0
73 Articles of iron or steel 11,318 0.63 0
76 Aluminum and articles thereof 201 0.01 806,732-99.98
83 Miscellaneous articles of base metal 35 0.00 3,832-99.09
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 140,926 7.82 43,348225.10
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 58,028 3.22 35,75062.32
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 20,525 1.14 0
94 Furniture; bedding, mattresses, mattress supports, cushions and similar stuffed furnishings; lamps and lighting fittings, not elsewhere specified or included; illuminated sign illuminated nameplates and the like; prefabricated buildings 21,085 1.17 0

Russia’s Imports from Montenegro

The major share of Russian imports from Montenegro in the 3rd quarter of 2018 (and in the 3rd quarter of 2017) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 87.14% of Russia’s total imports from Montenegro (50.11% in the 3rd quarter of 2017);
  • Machinery, equipment and vehicles (HS codes 84-90) - 1.83% of Russia’s total imports from Montenegro (0.94% in the 3rd quarter of 2017).

The largest gains in Russia’s imports from Montenegro in the 3rd quarter of 2018 over the 3rd quarter of 2017 were recorded for the following product groups:

  • Pharmaceutical products (HS code 30) - an increase of $5,331,640;
  • Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof (HS code 90) - an increase of $118,192.

The largest declines in Russia’s imports from Montenegro in the 3rd quarter of 2018 over the 3rd quarter of 2017 were recorded for the following product groups:

  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - a decrease of $48,788.
Russia’s imports from Montenegro in the 3rd quarter of 2018 by product groups
HS
code
Name of product group Value of imports in Q3 2018,
US dollars ($)
Percent share in total import Value of imports in Q3 2017,
US dollars ($)
Percent change
in Q3 2018
over Q3 2017
30 Pharmaceutical products 6,186,144 87.14 854,504623.95
39 Plastics and articles thereof 70 0.00 0
40 Rubber and articles thereof 204 0.00 297-31.31
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 11,697 0.16 8,77533.30
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0 0.00 7-100.00
61 Articles of apparel and clothing accessories, knitted or crocheted 0 0.00 15-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 763,487 10.75 812,275-6.01
72 Iron and steel 7,279 0.10 0
73 Articles of iron or steel 447 0.01 14,009-96.81
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 9,259 0.13 11,327-18.26
85 Electrical machinery and equipment and parts thereof; sound recorders and reproducers, television image and sound recorders and reproducers, and parts and accessories of such articles 1,969 0.03 4,535-56.58
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 320 0.00 22343.50
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 118,192 1.66 0
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Russian foreign trade statistics
Source: Federal Customs Service of Russia