Moscow's non-resource non-energy exports grew by almost 30% last year

In January-October 2021, Moscow's non-resource non-energy exports reached $26.59 billion. The increase is 29.5% compared to the same period last year and almost 34% compared to 2019. This information was announced by Vladimir Efimov, Deputy Mayor of the City of Moscow for Economic Policy and Property and Land Relations.

?Moscow is the main Russian exporter of non-resource non-energy goods. Thus, according to the results of January-October 2021, its share in Russian exports amounted to 17.5%. During this period, Moscow delivered goods to 183 countries in the amount of $26.59 billion, which is 29.5% more than in the same period in 2020. The number of countries purchasing Moscow goods is also growing every year,? said the Deputy Mayor.

According to Vladimir Efimov, among the main importers of Moscow products, Kazakhstan ranks first - goods worth $2.71 billion were delivered there. Among the leaders are also Belarus, which purchased goods worth $2.59 billion, the United States ($2.33 billion), Germany ($1.46 billion), and China ($1.36 billion).

?In the structure of non-resource non-energy exports, 88% of Moscow's supplies abroad are industrial products. In 10 months of 2021, companies sold their goods worth $23.4 billion. Thus, the volume of the Moscow exports increased by 33.1% and 33.7% compared to the same periods in 2020 and 2019, respectively. Moscow has increased supplies in the following categories: mechanical equipment and machinery, electrical devices and communication equipment, optics, medical devices and equipment, and cosmetic products,? said Alexander Prokhorov, Head of the Department of Investment and Industrial Policy of Government of Moscow.

According to the results of January-October 2021, Moscow's exports of mechanical equipment and machinery increased by almost 29% and amounted to $2.21 billion, and exports of electrical devices and communication equipment reached $1.33 billion, which is 39.6% more than in January-October 2020.

In addition, the Moscow companies supplied nearly $90 million worth of medical equipment, which is 31.6% more than in the same period in 2020. Export of cosmetic products increased by 27.7% and amounted to $357.05 million.

Agro-industrial exports also show positive dynamics. In January-October 2021, it amounted to $3.19 billion, which is 7.8% more than in the same period in 2020. According to the Moscow Export Center, chocolate products, flour confectionery, ice cream, soft drinks and sausages products are especially popular among foreign consumers.

The "Mosprom" Center, subordinate to the Moscow Department of Investment and Industrial Policy, provides individual support for Moscow industrial and agricultural products exports.

The Center's experts analyze target markets for manufacturers and within the framework of the buyer's program, free of charge and based on specific export needs, help Moscow companies with the search for counterparties and conduct negotiations with potential buyers abroad.

Company :-NW Advisors

User :- Diana Issa

Email :-diana.issa@nwadvisors.com

Phone :-+7 (495) 795-06-23