The study to identify the most promising industries for export was conducted by specialists of the Russian Export Center.
Experts analyzed changes in international demand against the background of the crisis caused by the coronavirus pandemic. They managed to identify those niches in which it is possible to increase the share of domestic exports. Thus, importers became more interested in engineering and chemical industry.
The epidemiological situation caused an increase in demand for polymer packaging, protective clothing made of polymers and rubber. Interest in detergents and surfactants has increased.
As noted by REC analysts, the metallurgy and timber industries are also a promising area for export, while countries holding U.S. debt securities have started to become more interested in gold.
There is a growing demand for packaging paper, packaging and cardboard packaging. Pharmaceutical, perfume and cosmetic products, agro-industrial complex, as well as the whole line of food products, especially meat products, are in high demand.
A large number of Russian companies in the future will be able to become exporters of robes, shoes and medical masks. In recent months, they have refocused production.
We have been working with exporters literally in manual mode. As a result, we were able to ensure the geographic reorientation of a number of export shipments and to take up new markets that have become available. The main thing now is not to lose precious time, as foreign countries will start to increase business and trade activity as they quarantine, REC CEO Veronika Nikishina says. According to her, the measures to support exports, taken already now, will determine both the dynamics of recovery and prospects for further growth. And the role of exports in Russia's economic recovery will be decisive.
Made in Russia // Made in Russia
Author: Daria Vankova