MIL OSI Translation. Region: Russian Federation –
D. Grishkin. Press Service of the Mayor and the Moscow Government
The export of non-primary non-energy products of the capital increased by almost 30 percent.
Following the results of eight months of 2020, the total volume of non-resource non-energy exports of Moscow increased by 27.9 percent compared to the same period last year. It amounted to $ 21.52 billion, said the Deputy Mayor of Moscow for Economic Policy and Property and Land Relations. Vladimir Efimov.
“From January to August, in comparison with last year, non-resource non-energy exports of Moscow increased by 27.9 percent, including the export of agro-industrial products increased by 21.3 percent and amounted to USD 2.2 billion, sales of food and processing industry products for milestone increased by almost 17 percent and amounted to $ 0.4 billion. The leading trading partners in terms of the volume of exported non-primary non-energy products are Great Britain – it accounts for a third of imports from Moscow in the amount of 6.67 billion US dollars, as well as the United States, China and Kazakhstan, ”the deputy mayor said.
Kazakhstan bought $ 1.58 billion worth of Moscow products; its share was seven percent. Also, seven percent of sales fell on Belarus and the United States, whose imports from Moscow amounted to $ 1.5 and 1.48 billion, respectively. China ranks fifth in terms of exports, its share is about five percent, or $ 1.15 billion in physical terms.
“The volume of industrial exports reached US $ 19.31 billion and grew by 28.7 percent compared to the same period in 2019. Considering the export of industrial products in the context of industries, it is worth highlighting the chemical industry, pharmaceuticals and cosmetics, “said the head
Department of Investment and Industrial Policy of Moscow Alexander Prokhorov.
According to him, the supply of chemical products in Moscow in the first eight months increased by 14.8 percent and amounted to USD 2.05 billion in kind. The share of this industry in the entire structure of industrial exports is more than 10 percent. This includes, for example, goods such as polyethylene, which was purchased for $ 262.75 million, polypropylene (for $ 235.92 million), detergents and cleaning products (for $ 70.01 million).
The key trading partners of Moscow’s industrial exports are the United Kingdom, the United States, Belarus, Kazakhstan and China, where the supply of industrial products increased by a record 37.4 percent.
In the agro-industrial sector, the leaders are products such as chocolate, flour confectionery and bread, as well as other flour or milk-based products and ready-made animal feed. The key countries – importers of agro-industrial products were Turkey, which purchased $ 268.95 million, Kazakhstan ($ 228.21 million), Belarus ($ 178.79 million), Saudi Arabia ($ 133.08 million) and Egypt (129, $ 83 million).
Capital companies are supported by export development center “Mosprom”subordinate to the Moscow Department of Investment and Industrial Policy. He deals with various aspects of foreign economic activity of large and medium-sized enterprises in industry and the agro-industrial complex. This concerns technical regulation, improvement of state support measures and information support. The center helps in solving current problems by selecting individual support measures for specific market players.
EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure not be perfect.