Post sponsored by NewzEngine.com

MIL OSI Translation. Region: Russian Federation –

Capital industrial companies supply products to 160 countries of the world.

In 2017, the capital’s industrial exports amounted to USD 20.6 billion. By 2019, this figure had increased by 33.5 percent and reached $ 27.5 billion. This was stated by the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations Vladimir Efimov…

“Despite the unstable external market, the export of products of Moscow manufacturers in monetary terms has been growing for the fourth year in a row. So, following the results of seven months of 2020, the volume of industrial exports of the capital also increased – by 35 percent compared to the same period last year – and amounted to $ 16.4 billion. For seven months of this year, the goods of Moscow companies were sent to 160 countries of the world, ”he said.

The capital continues to increase its export potential, developing new sales markets and increasing the volume of products that Moscow companies successfully supply abroad. The results of seven months of 2020 are direct evidence that Moscow is very successfully solving the tasks of the national project “International Cooperation and Export”.

“The leaders in terms of export growth for seven months of this year are medicines. They were delivered totaling $ 110 million, 72 percent more than in the same period in 2019. The volume of export of polymers – polypropylene and polyethylene – has quadrupled, to almost $ 397 million. The export of lighting equipment increased by 10.5 percent and reached $ 15.4 million, ”said the head Department of Investment and Industrial Policy of the City of Moscow Alexander Prokhorov…

The main markets for medicines in the capital are Uzbekistan, Ukraine and Kazakhstan. For seven months of this year, products worth almost $ 43 million were exported to these countries. Polymers are especially in demand in China, Turkey and Kazakhstan. The amount of their deliveries in the indicated directions exceeded $ 348 million. Lighting equipment worth more than $ 10 million was exported mainly to Kazakhstan and Armenia.

Measures of financial and non-financial support that the city provides to exporting enterprises have a significant impact on the development of capital exports. Entrepreneurs working in the field of industry and the agro-industrial complex who need help in promoting a product on the foreign market can contact the center Mosprom… The key task of this organization is the formation of an individual approach to each supplier and the solution of its specific problems, as well as the development of strategies, assistance in modernization, and creation of special conditions for priority export industries.

EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.

MIL OSI Russia News