MIL OSI Translation. Region: Russian Federation –
24 September 2021, 07:09
Photo by V. Novikov. Press Service of the Mayor and the Moscow Government
The main export destinations are China, Kazakhstan, Belarus, Germany and Hong Kong.
Capital exports of engineering products in the first half of 2021 reached 4.59 billion US dollars. This is 46.7 percent more than in the same period in 2020.
“The export of products of the engineering industry this year began to actively recover from the pandemic and in the first half of the year reached 4.59 billion US dollars, which is 46.7 percent more than in the first half of 2020, and almost 15 percent more than in the same period 2019. This is primarily due to an increase in demand for equipment and parts. The products of the Moscow machine-building industry are in demand today in the neighboring countries, Southeast and South Asia, Europe, as well as in North Africa, “said the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations.
The main buyers in the first half of 2021 were China (USD 483.17 million), Kazakhstan (USD 480.84 million), Belarus (USD 433.60 million), Germany (USD 240.89 million) and Hong Kong ( USD 164.43 million).
“The largest share in the export of mechanical engineering goods falls on mechanical equipment and machinery, computers – these goods in the first half of 2021 Moscow exported in the amount of $ 1.11 billion, increasing the volume of supplies by 20 percent compared to the same period in 2020. This category, for example, includes filtering equipment and liquid pumps, the supply of these goods abroad increased compared to last year by 79.2 percent and 35 percent, respectively. I would like to draw your attention to the fact that computers mean electrical equipment for complex industrial equipment “, – said the head Department of Investment and Industrial Policy of the City of Moscow Alexander Prokhorov…
The center for support and development of exports “Mosprom” notes that the supply of some Moscow goods, such as electrical devices and communication equipment, lighting equipment reach and outstrip the volume of the first half of 2019.
Among the promising export goods related to mechanical equipment and machinery, Mosprom specialists single out liquid pumps, filtering and transmission equipment. Companies that want to enter foreign markets with electrical devices and communication equipment will be able to take a strong position in the market for electric heating devices, low-voltage electrical distribution equipment and electrical converters.
In addition, the production of Moscow optical automatic control devices, equipment for physical or chemical analysis, as well as medical devices and devices is steadily developing and has high export prospects.
The center’s experts analyze target markets for metropolitan producers, study the risk profile, the state of the industry and its dependence on exports and imports. In addition, Mosprom specialists provide individual analytics that determine the most effective strategy for entering foreign markets. And within buyer’s programMosprom, free of charge and on the basis of specific export needs, helps Moscow companies with the search for counterparties and negotiating with potential buyers abroad, ensures the participation of Moscow manufacturers in international exhibitions and business missions.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.