In January-May 2020, the volume of Moscow’s non-resource non-energy exports (NNE) amounted to $12.81 billion, which is 43.5 percent more than during the same period last year.
“Industrial companies produced most of the goods. Industrial exports accounted for $11.4 billion and agricultural exports for $1.41 billion. The chemical industry has demonstrated the highest growth compared with last year: 20.4 percent, or $1.22 billion worth of goods. Engineering products worth $2.28 billion went abroad, with this sector accounting for 20 percent of Moscow’s total industrial exports. The main export groups also include machinery, hardware, computers and automotive equipment,” said Vladimir Yefimov, Deputy Moscow Mayor for Economic Policy and Property and Land Relations.
In total, over the accounting period Moscow exported industrial and agricultural products to 151 countries, noted Head of the Moscow Investment and Industrial Policy Department Alexander Prokhorov.
“Most exports, $3.34 billion, went to Great Britain, then $1.15 billion worth of goods to the US, $900 million to Belarus and $880 million to Kazakhstan. Kazakhstan was also the main consumer of chemical products: Moscow companies supplied almost $160 billion worth of them, which is 8.3 percent higher than in last January-May,” Prokhorov added.
According to Head of the Moscow Department of Entrepreneurship and Innovative Development Alexei Fursin, most leading NNE countries show significant growth compared with last year.
“Non-resource non-energy exports to Great Britain grew 364 percent compared with the same period last year, 95 percent to the US, 242 percent to Turkey and 412 percent to Switzerland. The Moscow Export Centre provides financial support measures to help small and medium-sized export-oriented enterprises: subsidies, grants and non-financial tools, including business trip organisation, educational and acceleration programmes, an analytical research service on foreign markets at exporters’ individual requests and potential client selection,” Alexei Fursin added.
In order to promote Moscow on international markets, the Mosprom Centre, whose experts analyse priority export areas, also closely interacts with Moscow manufacturers. Most often Moscow exporters ask the centre to resolve issues related to financial support measures and overcoming barriers on foreign markets as well as to participate in events the city holds to support foreign economic activity, such as business trips, pre-sales events and pre-negotiations with foreign clients.