Moscow Industrial Exports Exceeded Plan by 54.3% in 2020

The Head of the Moscow Investment and Industrial Policy Department, Alexander Prokhorov, spoke in an interview with RIA News about the Moscow authorities’ support of export of the capital’s enterprises’ products to world markets. 

According to the expert, the volume of industrial exports in Moscow in 2020 exceeded the planned regional indicator by 54.3 per cent and the export of agricultural products of the city exceeded the annual plan by 18.8 per cent. Moreover, Moscow industrial enterprises have exceeded the annual plan of these regional projects by the end of 9 months of 2020. It is specified that by the end of 2020, the volume of exported industrial products exceeded the plan by more than $12 billion, and the volume of exports of agricultural products exceeded the plan by more than $600 million.

The main trade partners of the Russian capital today are the neighbouring countries, first of all, Kazakhstan (with an export volume of $2.65 billion) and Belarus ($2.4 billion). Also among the main importers are the United States ($2.48 billion), China ($2.27 billion), Germany (exports increased by 11.1 per cent, up to $1.23 billion), and Japan (exports increased by 12.9 per cent, up to $1.12 billion).

The main export goods to these countries in terms of supplies in 2020 were industrial goods. These are mechanical equipment (including components for it), automotive equipment, products of chemical enterprises, for example, polypropylene and polyethylene, as well as various communication equipment. In this list, the specialist especially noted the export of polyethylene and polypropylene, the supplies of which increased 5.5 and 3 times, respectively. As for the Moscow high-tech products, the growth of exports to Hong Kong was 85.3 per cent and reached $699.72 million.

The main trading partners in the agricultural industry are Belarus, Kazakhstan, Turkey, and China. In the agricultural sector, the largest growth last year was shown by the export of flour confectionery, as well as dairy and meat products. At the end of the year, these industries showed growth of 17.6 per cent and 19 per cent, respectively. For example, Moscow chocolate and ice cream are very popular abroad. The total exports of these goods amounted to $119.73 million.

Ru-Main, 15.04.2021 

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