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Russian trade in goods with Montenegro in Q4 2019

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 fourth quarter of 2019: exports, imports, products, dynamics.

Russia’s Trade with Montenegro

In the 4th quarter of 2019, Russia’s trade with Montenegro totaled $15,451,456, up 13.80% ($1,873,821) from the 4th quarter of 2018.

Russia’s exports to Montenegro in the 4th quarter of 2019 totaled $7,118,386, up 1.88% ($131,579) from the 4th quarter of 2018.

Russia’s imports from Montenegro in the 4th quarter of 2019 totaled $8,333,070, up 26.43% ($1,742,242) from the 4th quarter of 2018.

Russia’s trade balance with Montenegro went from a surplus of $395,979 in the 4th quarter of 2018, to a deficit of $1,214,684 in the 4th quarter of 2019.

Montenegro was Russia’s 124th largest trading partner in the 4th quarter of 2019 (up from 137th in the 4th quarter of 2018), accounting for 0.0086% of Russia’s total trade (up from 0.0073% in the 4th quarter of 2018).

Montenegro was Russia’s 121st largest export market in the 4th quarter of 2019 (up from 134th in the 4th quarter of 2018), accounting for 0.0064% of Russia’s total exports (up from 0.0056% in the 4th quarter of 2018).

Montenegro was Russia’s 102nd largest supplier in the 4th quarter of 2019 (down from 101st in the 4th quarter of 2018), accounting for 0.0122% of Russia’s total imports (up from 0.0106% in the 4th quarter of 2018).

Russia’s Exports to Montenegro

The major share of Russian exports to Montenegro in the 4th quarter of 2019 (and in the 4th quarter of 2018) was accounted for the following product types:

  • Metals and products from them (HS codes 72-83) - 66.80% of Russia’s total exports to Montenegro (70.43% in the 4th quarter of 2018);
  • Mineral products (HS codes 25-27) - 19.53% of Russia’s total exports to Montenegro (14.68% in the 4th quarter of 2018);
  • Food products and agricultural raw materials (HS codes 01-24) - 10.55% of Russia’s total exports to Montenegro (12.80% in the 4th quarter of 2018);
  • Machinery, equipment and vehicles (HS codes 84-90) - 2.02% of Russia’s total exports to Montenegro (1.13% in the 4th quarter of 2018).

The largest gains in Russia’s exports to Montenegro in the 4th quarter of 2019 over the 4th quarter of 2018 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 $364,220;
  • 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 $60,692;
  • 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 $29,995;
  • Preparations of vegetables, fruit, nuts or other parts of plants (HS code 20) - an increase of $28,322;
  • Miscellaneous articles of base metal (HS code 83) - an increase of $26,626.

The largest declines in Russia’s exports to Montenegro in the 4th quarter of 2019 over the 4th quarter of 2018 were recorded for the following product groups:

  • Aluminum and articles thereof (HS code 76) - a decrease of $204,307;
  • Tobacco and manufactured tobacco substitutes (HS code 24) - a decrease of $182,083.
Russia’s exports to Montenegro in the 4th quarter of 2019 by product groups
HS
code
Name of product group Value of exports
in Q4 2019,
US dollars ($)
Percent share in total export Value of exports
in Q4 2018,
US dollars ($)
Percent change
in Q4 2019
over Q4 2018
07 Edible vegetables and certain roots and tubers 0 0.00 8,219-100.00
09 Coffee, tea, maté and spices 2,991 0.04 0
11 Products of the milling industry; malt; starches; inulin; wheat gluten 2,821 0.04 0
17 Sugars and sugar confectionery 790 0.01 0
18 Cocoa and cocoa preparations 9,830 0.14 0
19 Preparations of cereals, flour, starch or milk; bakers’ wares 2,469 0.03 0
20 Preparations of vegetables, fruit, nuts or other parts of plants 28,322 0.40 0
21 Miscellaneous edible preparations 14,932 0.21 0
22 Beverages, spirits and vinegar 25,487 0.36 40,589-37.21
24 Tobacco and manufactured tobacco substitutes 663,101 9.32 845,184-21.54
27 Mineral fuels, mineral oils and products of their distillation; bituminous substances; mineral waxes 1,389,979 19.53 1,025,75935.51
30 Pharmaceutical products 5,066 0.07 13,962-63.72
33 Essential oils and resinoids; perfumery, cosmetic or toilet preparations 9,315 0.13 1,953376.96
39 Plastics and articles thereof 84 0.00 2,290-96.33
44 Wood and articles of wood; wood charcoal 4,550 0.06 0
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 1,263 0.02 2,093-39.66
62 Articles of apparel and clothing accessories, not knitted or crocheted 0 0.00 95-100.00
69 Ceramic products 20,514 0.29 38,972-47.36
73 Articles of iron or steel 11,875 0.17 0
76 Aluminum and articles thereof 4,716,348 66.26 4,920,655-4.15
83 Miscellaneous articles of base metal 26,626 0.37 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 57,193 0.80 58,979-3.03
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 76,975 1.08 16,283372.73
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 9,610 0.14 3,524172.70
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 38,245 0.54 8,250363.58

Russia’s Imports from Montenegro

The major share of Russian imports from Montenegro in the 4th quarter of 2019 (and in the 4th quarter of 2018) was accounted for the following product types:

  • Chemical products (HS codes 28-40) - 94.07% of Russia’s total imports from Montenegro (89.03% in the 4th quarter of 2018).

The largest gains in Russia’s imports from Montenegro in the 4th quarter of 2019 over the 4th quarter of 2018 were recorded for the following product groups:

  • Pharmaceutical products (HS code 30) - an increase of $1,946,742;
  • 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 $44,754.

The largest declines in Russia’s imports from Montenegro in the 4th quarter of 2019 over the 4th quarter of 2018 were recorded for the following product groups:

  • Articles of stone, plaster, cement, asbestos, mica or similar materials (HS code 68) - a decrease of $245,378.
Russia’s imports from Montenegro in the 4th quarter of 2019 by product groups
HS
code
Name of product group Value of imports in Q4 2019,
US dollars ($)
Percent share in total import Value of imports in Q4 2018,
US dollars ($)
Percent change
in Q4 2019
over Q4 2018
20 Preparations of vegetables, fruit, nuts or other parts of plants 235 0.00 0
22 Beverages, spirits and vinegar 12,356 0.15 0
30 Pharmaceutical products 7,813,818 93.77 5,867,07633.18
36 Explosives; pyrotechnic products; matches; pyrophoric alloys; certain combustible preparations 24,472 0.29 0
39 Plastics and articles thereof 18 0.00 0
40 Rubber and articles thereof 237 0.00 819-71.06
49 Printed books, newspapers, pictures and other products of the printing industry; manuscripts, typescripts and plans 9,789 0.12 13,053-25.01
56 Wadding, felt and nonwovens; special yarns, twine, cordage, ropes and cables and articles thereof 0 0.00 20,211-100.00
63 Other made up textile articles; sets; worn clothing and worn textile articles; rags 0 0.00 6,083-100.00
68 Articles of stone, plaster, cement, asbestos, mica or similar materials 412,162 4.95 657,540-37.32
72 Iron and steel 0 0.00 8,612-100.00
73 Articles of iron or steel 375 0.00 115226.09
83 Miscellaneous articles of base metal 189 0.00 0
84 Nuclear reactors, boilers, machinery and mechanical appliances; parts thereof 4,697 0.06 13,023-63.93
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 48,638 0.58 3,8841,152.27
87 Vehicles other than railway or tramway rolling stock, and parts and accessories thereof 5 0.00 0
90 Optical, photographic, cinematographic, measuring, checking, precision, medical or surgical instruments and apparatus; parts and accessories thereof 78 0.00 412-81.07
96 Miscellaneous manufactured articles 1 0.00 0
SS Classified 6,000 0.07 0
Russian foreign trade statistics
Source: Federal Customs Service of Russia