MIL OSI Translation. Region: Russian Federation –
Photo by M. Denisov. Mos.ru
The main trading partners of the capital in this region are Moldova, Poland, Bulgaria and Romania.
In January – May 2021, Moscow’s non-resource non-energy exports to Eastern Europe amounted to almost $ 1.5 billion. Compared to the indicators for the same period in 2020 and 2019, the volume of exports increased by 135.8 and 130.8 percent, respectively. This was announced by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.
“Non-resource non-energy exports to the region are mainly represented by industrial products, which account for more than 95 percent of the total structure. In terms of numbers, in the first five months of 2021, industrial exports amounted to $ 1.442 billion, and agro-industrial exports reached $ 48.7 million. The main trade partners of the capital in the region include Poland, Moldova, Bulgaria and Romania, ”the deputy mayor said.
According to Vladimir Efimov, the export of non-primary non-energy products to Poland amounted to $ 67.4 million, to Moldova – $ 28.21 million, to Bulgaria – $ 11.94 million, to Romania – $ 12.28 million.
Due to the different level of economic development, the volume of transit exports and own industrial production, as well as due to the different structure of consumption, exports to the countries of Eastern Europe have a wide range of products.
“Among the products that Moscow companies supply to this market are electric lighting equipment, non-optical measuring and control devices, processors and controllers, glass containers, polyethylene and polypropylene, vaccines, prepackaged drugs, immunological products and preparations. The export of agro-industrial products is mainly represented by confectionery and chocolate, as well as various types of sauces, “said the head of the Moscow City Investment and Industrial Policy Department.
In the center Mospromnote that the volume of Moscow’s exports to Eastern Europe in January-May 2021 has already reached more than 85 percent of the export volume of Moscow companies for the entire last year. At the end of 2020, it amounted to $ 1.7 billion. Belarus, which is also an Eastern European country, was not included in the list of surveyed countries. The republic is one of the five leading countries in terms of the volume of Moscow non-resource non-energy exports, its contribution would significantly change the volume of Moscow exports to the countries of Eastern Europe. In January – May 2021, the volume of deliveries of Moscow products to Belarus alone reached $ 1.15 billion, and the increase in volumes compared to the same period in 2020 was 24.4 percent.
Center “Mosprom” is engaged in individual support of the capital’s industrial export and export of agricultural products. The center’s experts analyze target markets for metropolitan producers: they study the macroeconomic report on the target market, the risk profile, including entry barriers, the state of the industry in the target market and its dependence on exports and imports, and perform a SWOT analysis of the consumer market. Also, individual analytics are carried out for companies, which determines the most effective strategy for a manufacturer to enter foreign markets.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.