Machines to Sweets: Moscow's Exports Today

MOSPROM reported that Moscow's non-resource non-energy exports jumped 28% year-on-year to USD 23 billion in the first nine months of 2021.

Press Release - Dec 16, 2021

MOSCOW, December 16, 2021 (Newswire.com) - "At 16.9% of Russia's total, Moscow exports more non-resource products than any other region in the country," said Vladimir Efimov, the city's deputy mayor for economic policy and property and land relations. "Local companies are confidently expanding their client base abroad. Exports rose 30.9% over the past two years, from USD 17.7 billion in the first nine months of 2019 to USD 23 billion in the same period of 2021. The capital city's top export customers include Kazakhstan, Belarus, and the United States, but Moscow sells to 183 countries worldwide," he explained.

Moscow's key foreign customers have boosted their purchases by about one-third on average: non-resource non-energy exports to Kazakhstan were up 27% to USD 2.39 billion; exports to Belarus rose almost 32% to USD 2.3 billion; the United States purchased 27.8% more goods from Moscow, worth USD 2.18 billion.

Industrial products make up the majority of the capital city's exports.

"In the first nine months of 2021, industrial exports were up almost 31% year-on-year to USD 20.4 billion," said Alexander Prokhorov, head of the city's department for investment and industrial policy. "Buyers in foreign countries are interested in the capital's machinery and parts (USD 1.9 billion), electrical devices (USD 1.2 billion), plastics and plastic items (USD 884.38 million) and automotive equipment (USD 437.33 million)," he explained.

Demand for agro-industrial products is on the rise, as well, with dairy products, meat and meat products, confectioneries such as chocolate, and carbonated water, juice, and mineral water showing the most promise. According to data from the Mosprom Center for Export Support, agro-industrial exports were up 11% year-on-year to USD 2.8 billion. Candy companies were among the top performers, with exports of sweets up almost 54% year-on-year.

The Mosprom Center for Export Support was established by Moscow's department for investment and industrial policy. The Center offers individualized support to large and medium-sized businesses based in the city. Its experts analyze target markets and provide manufacturers with research to help them create effective export strategies. The Center also helps exporters find and negotiate with potential partners and participate in international trade shows and business missions.

Source: MOSPROM

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Tags: Business, cooperation, mosprom

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The Mosprom Center, subordinate to the Moscow Department of Investment and Industrial Policy, deals with individual support for Moscow's industrial and agribusiness exports.

The experts at the Center analyze target markets for the capital's manufacturers. Specialists study the target market's macroeconomic report and risk profile, including barriers to entry, the state of the industry within the target market, its dependence on exports and imports, and consumer market SWOT-analyses. The experts at the Center also perform individual analyses for companies to determine the most effective strategy for entering foreign markets.

As part of the buyer program, the Center's experts - free of charge and based on specific export needs - help Moscow companies with counterparty identification and negotiations with potential buyers abroad, in addition to facilitating the participation of Moscow companies in international exhibitions and business missions.

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