Bilateral Trade Commerce

Bilateral Trade

Seychelles trade relations with India

Value in Thousand Seychelles Rupees

S.no.

Year

2014

2015

2016

2017

2018

1

Export with India

308.00

381.00

497.00

11,615.00

14,375.00

2

% Growth

23.70

30.45

2237.02

23.76

3

Seychelles Total Export

4,300,657.00

3,284,319.00

3,756,690.00

3,910,551.00

4,600,747.00

4

% Growth

- 23.63

14.38

4.10

17.65

5

% Share

0.007

0.012

0.013

0.297

0.312

6

Import with India

531,275.00

524,958.00

684,941.00

568,056.00

911,447.00

7

% Growth

-1.19

30.48

-17.06

60.45

8

Seychelles Total Import

14,554,671.00

13,195,845.00

13,853,860.00

17,777,882.00

17,863,805.00

9

% Growth

-9.34

4.99

28.32

0.48

10

% Share

3.650

3.978

4.944

3.195

5.102

11

Total Trade

531,583.00

525,339.00

685,438.00

579,671.00

925,822.00

12

% Growth

- 1.17

30.48

- 15.43

59.72

13

Seychelles Total Trade

18,855,328.00

16,480,164.00

17,610,550.00

21,688,433.00

22,464,552.00

14

% Growth

- 12.60

6.86

23.16

3.58

15

% Share

2.819

3.188

3.892

2.673

4.121

16

TRADE BALANCE

- 530,967.00

- 524,577.00

- 684,444.00

- 556,441.00

- 897,072.00

17

Seychelles Trade Balance

- 10,254,014.00

- 9,911,526.00

- 10,097,170.00

- 13,867,331.00

- 13,263,058.00

Source: 

National Bureau of Statistics, Ministry of Finance, Govt. of Seychelles

Main Commodities Imported by Seychelles

1

Rice.

2

Medicaments (excluding goods of heading  30.02, 30.05, 30.06) consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses (including those in the form of transdermal administration systems) or in forms or packing

3

Motor cars and other motor vehicles principally designed for the transport of persons (other than those of heading 87.02), including station wagons and racing cars

4

Portland cement, aluminous cement, slag cement supersulphate cement and similar hydraulic cements, whether or not coloured or in the form of clinkers

5

Parts of aeroplanes or helicopters

6

Insulated (including enamelled or anodised) wire, cable (including coaxial cable) and other insulated electric conductors, whether or not fitted with connectors; optical fibre cables, made up of individually sheathed fibres, whether or not assembled

7

Tubes, pipes and hollow profiles, of cast iron.

8

Potatoes, fresh or chilled

9

Maize (corn).

Main Commodities Exported by Seycehlles

1

Ferrous waste and scrap; remelting scrap ingots of iron or steel

2

Aluminium waste and scrap

3

Tungsten (wolfram) and articles thereof, including waste and scrap

4

Waste and scrap of precious metal or of metal clad with precious metal; other waste and scrap containing precious metal or precious metal compounds, of a kind used principally for the recovery of precious metal

5

Coco de mer kernel

Source: 

National Bureau of Statistics, Ministry of Finance, Govt. of Seychelles

Among the Indian companies present in Seychelles, Bank of Baroda has been maintaining a successful overseas branch in Victoria since 1978. In the private sector, M/s BhartiAirtel Telecom group has invested over US$ 25 million in setting up the Airtel mobile telephone and internet services in Seychelles since 1998.  TATA has supplied most of the fleet of buses for Seychelles to ply between its capital city Victoria and other regions of Mahé Island. Hyundai cars are popular in Seychelles and all the models plying on Seychelles roads are manufactured in Chennai. There is a prominent Indian business community in Seychelles and Indian goods are readily available in market.  Still there exist a wide scope for enhancing bilateral trade and investment.

The High Commission has been engaging with the local business community (primarily Indian) with an eye on a qualitative transformation in our bilateral economic engagement with Seychelles. 

Medical Tourism

As a country with strong commitment towards welfare measures for its citizens, Seychelles funds overseas treatment of patients for facilities not available locally. India has traditionally been Seychelles’ favoured destination primarily due to the high quality medical treatment available at relatively low cost.

INDIAN TOURIST ARRIVALS TO SEYCHELLES

Sl.No.

Year

No. of Indian Tourists

% share of total tourist arrivals

 

Growth percentage

Rank

1.

2015

7,718

3%

-

10

 

2.

2016

10,916

4%

41.4%

10

 

3.

2017

13,518

4%

23.8%

7

 

4.

2018

13,901

4%

2.83%

6

 

Source: National Bureau of Statistics, Ministry of Finance,

Govt. of the Republic of Seychelles.

2017-07-12 14:31:01