MIL OSI Translation. Region: Russian Federation –
Since 2019, metropolitan manufacturers have managed to increase shipments by 45 percent, from $ 4.5 billion to $ 6.53 billion.
The volume of supplies of non-primary non-energy products from Moscow to the countries of the Asia-Pacific region (APR) in January-September this year reached 6.53 billion dollars. It was possible to achieve an increase of 10.8 percent compared to the same period last year and 45 percent compared to the same period in 2019, said the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov.
“Moscow continues to strengthen foreign trade relations with the Asia-Pacific countries and increase sales of non-primary non-energy products. Since 2019, metropolitan manufacturers have managed to increase shipments by 45 percent, from $ 4.5 billion to $ 6.53 billion. If we compare the export performance of Moscow with other Russian regions, the capital has a clear advantage: the city’s share in the total Russian export to the APR countries is 35 percent, ”the deputy mayor emphasized.
According to him, the USA, China, Japan, Hong Kong, India, the Republic of Korea and Mexico are among the main importers of metropolitan products. In addition, this year Moscow’s supplies to Vietnam, Myanmar and Canada increased: compared to last year’s figures, the increase was 16.5, 35.4 and 74.2 percent, respectively.
Among the countries of the Asia-Pacific region that import non-primary products from the capital, the United States ranks first in terms of purchases from Moscow, ahead of China and Japan. These are the data of the Mosprom center. In January – September of this year, the volume of exports to the United States amounted to almost $ 2.2 billion, which is 27.8 percent more than in the same period in 2020.
“The share of the United States in the total volume of exports to the APR countries is growing: if last year it was 29 percent, then this year it is 33.4 percent. Capital goods of industrial categories are in great demand among American buyers, namely, mechanical equipment, mixed fertilizers, optics, and medical equipment. Also, Moscow has increased sales of food products, cocoa, ice cream and soft drinks “, – said the head of the city
India is one of the top five importers of capital goods and remains an important trading partner of the city. According to the results of nine months of this year, the volume of non-resource non-energy exports of Moscow to the Indian market amounted to $ 535.80 million. Compared to the same periods in 2020 and 2019, the indicator increased by 64.4 and 36.9 percent, respectively. Among the goods supplied to this country, one can single out electrical devices (the volume amounted to $ 91.54 million), as well as plastics and products from them (more than $ 7 million).
In January – September of the outgoing year, Moscow also increased supplies to South Korea. Non-resource non-energy exports of the city in monetary terms reached $ 477.25 million, an increase of 183.4 percent compared to last year. The following product categories showed positive dynamics in exports: electrical appliances (an increase of 93 percent), inorganic dyes (2.14 percent), feed (157.4 percent) and animal products (32.8 percent).
The Mosprom Center, subordinate to the Department of Investment and Industrial Policy, provides individual support to large and medium-sized businesses in the capital. Its experts analyze target markets for manufacturers and conduct individual analytics that help determine the most effective strategy for a company to enter foreign markets. Within the framework of the buyer’s program, they help exporters free of charge with the search for counterparties, negotiate with potential buyers abroad, and also ensure participation in international exhibitions and business missions.
To increase the presence of metropolitan companies in the Asia-Pacific countries, and Moscow Export Center (MEC). Entrepreneurs can enter the Indian markets through accelerators for exporters. In particular, graduates of the GoGlobal program, which the MEC implements in cooperation with Internet Initiatives Development Fund and co-financed 85 percent of the cost, were able to launch sales of cloud services, gift card solutions, online proctoring services and other products in India.
In addition, this year for the first time held a special acceleration program Tech Export to India. Thanks to GEC, 30 tech companies received co-financing of participation in the amount of 90 percent of the cost and formed a plan to enter the Indian markets. Also, an online business mission in this area was organized for the capital’s enterprises, in which 19 Moscow companies took part. These include manufacturers of construction products, electronics, machinery and equipment.
A lot of support is provided to entrepreneurs oriented to export to China. Companies can develop online sales on the largest marketplaces in Asia with the guarantee of a contract: the GEC finances the placement and promotion of products on the platforms of Tmall.com, Epinduo.com, Taobao.com, JD.com, Pinduoduo.com and 1688.com. In addition, this year we launched a pilot program to bring Moscow companies to foreign retail chains in the PRC. As a result, 20 food brands were selected for placement in Shanghai stores.
MEC fully finances listing, promotion, distribution of goods throughout the year, as well as legal services, customs clearance and logistics. Another 20 food and cosmetics companies, with the support of the MEC, will be able to place their products at the Russian Commodities Pavilion in Chengdu.
This year, online business missions were organized for entrepreneurs to South Korea, Japan, Malaysia and Vietnam, where they were able to present products and services to foreign buyers. Also, 14 metropolitan manufacturers of cosmetics took part in an online business mission at the InterCharm Korea exhibition (Seoul). MEC supported 17 more food companies at the largest specialized event SIAL China: 202 meetings with partners were held for enterprises. At the same time, the Moscow Export Center finances the entire business component of exhibitions and business missions, including the organization of negotiations and translation services.
Moscow Export Center, subordinate to the city’s Department of Entrepreneurship and Innovative Development, helps entrepreneurs to promote their products to foreign markets. One of the key tasks of the GEC is to increase the number of Moscow exporters and implement projects for the effective development of their foreign economic activity.
You can learn more about the economic policy and property and land relations of Moscow on the site.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.