Economy and entrepreneurship

Moscow's non-resource non-energy exports in 2021 increased by a quarter

Moscow's non-resource non-energy exports in 2021 increased by a quarter
The main importers are Kazakhstan, Belarus, the USA,Germany and China.

Moscow exported 29.07 billion dollars worth of non-resources non-energy products to 183 countries between January and November 2021. This is 25.4 percent more compared to the same period in 2020 and 29,2 percent more than in 2019. The main importers were Kazakhstan, Belarus, the USA, Germany and China. This was announced by Vladimir Efimov, Deputy Moscow Mayor for Economic Policy and Property and Land Relations.

Growth of non-energy non-resource exports (NNE) is particularly important for Moscow. As part of the national project "Interethnic Cooperation and Export", by 2030, the capital, along with other regions, is targeted to ensure at least 70 percent of real growth of exports of these products compared to 2020.

"Moscow remains Russia's main supplier of non-resource non-energy products. Between January and November 2021, the capital's share of exports was 17.2 percent of the national total. During this period, shipments from the city businesses and companies increased by 25.4 percent compared to the same period in 2020 to reach 29.07 billion dollars," said the Deputy mayor.

Kazakhstan remains the leading importer, with 3.03 billion dollars worth of goods. Other partners include Belarus — exports to this country amounted to 2.88 billion dollars, the USA (2.38 billion dollars), Germany (1.63 billion dollars), China (1.53 billion dollars) and Japan (1.14 billion dollars).

"If you look at the structure of the capital's exports, shipments of manufactured goods account for the largest share of Moscow's NNE with 88 percent. In the first 11 months of 2021, Moscow's exporters shipped 25.54 billion dollars worth of manufactured goods abroad, an increase of almost 29 percent compared to the same period in 2020. These include, for example, machinery, equipment and optic," said Alexander Prokhorov, Head of the capital's Department of Investment and Industrial Policy.

According to Mosprom Centre experts, the capital's companies sold to foreign partners 2.65 billion dollars worth of mechanical equipment and machinery — an increase of 37.5 percent compared to January-November 2020. Exports of electrical and communications equipment went up 36.4 percent to achieve1.55 billion dollars. The shipments of optics, appliances and medical equipment reached 485.79 million dollars to grow by 30.2 percent, while exports of cosmetic products rose by 28 percent to 402.65 million dollars.

Agro-industrial exports account for the remaining 12 percent of Moscow's NNE. The trend here is also positive: in the first 11 months of 2021, the total value of shipments was 3.52 billion dollars, which is 4.7 percent higher than in 2020. This includes sausages, chocolate, flour and confectionery, ice cream and soft drinks.

The Mosprom Centre, subordinate to Moscow's Department of Investment and Industrial Policy, is involved in individual support for the capital's industrial and agro-industrial exports. The Center's experts analyze the target markets for manufacturers. Within the framework of the buyer program, the centre’s specialists help Moscow companies find contractors and negotiate with potential buyers abroad free of charge and on the basis of specific export needs.

The Moscow Export Centre (MEC), which acts as a one-stop shop for financial and non-financial support to the city's export-oriented companies, also helps in developing the city's economic potential. The range of measures covers more than 30 services and facilities.

"In 2021, the Moscow Export Centre organized participation of Moscow companies in more than 40 business missions and foreign exhibitions. It co-financed acceleration programs for over 200 entrepreneurs, provided online export support on 90 platforms, held consultations, webinars and conferences, and launched pilot projects to bring the capital's products to retail networks," said Alexei Fursin, Head of Moscow's Department of Entrepreneurship and Innovative Development.

Active support was also rendered to enterprises developing in the most sought-after export sectors. For example, the capital's manufacturers of electronics, cosmetics and medical equipment were trained as part of export acceleration programs with up to 90 percent co-financing, organized jointly with the Skolkovo Moscow School of Management, the GenerationS platform, the international company Global Venture Alliance and others.

Companies from these sectors were also able to participate in relevant business missions and international exhibitions. At the Medica (Germany) and Gitex (UAE) events, entrepreneurs presented products as part of a joint Made in Moscow stand. The MEC has also sponsored the capital's companies to participate online in the Africa Health (South Africa) and Intercharm Korea (South Korea) exhibitions. In addition, with the support of the Moscow Export Centre, producers of cosmetics were given the opportunity to place their goods free of charge in the Duty Free Zone of Sheremetyevo International Airport and at the Russian Commodities Pavillion site in Chengdu (PRC).

The Moscow Export Centre, operating under the Moscow Department of Entrepreneurship and Innovative Development, helps the city's companies promote their products in foreign markets. One of the MEC key tasks is to increase the number of Moscow exporters and implement projects concerning effective development of their foreign economic activity.