Moscow's exports to Japan in 2020 amounted to almost half of Russia's total
2021-01-11 05:06

Moscow's exports to Japan in 2020 amounted to almost half of Russia's total

The Moscow Export Center (MEC) has summarized the results of the analysis of the composition of Russian exports to Asian countries for the period from January to August 2020. The results showed a significant increase in the share of the capital in the total volume of southeastern exports.

Thus, if we take into account non-resource and non-energy exports, the contribution of Moscow, compared with the same eight-month period of 2019, increased by almost a quarter - by 23%, and has already reached 46% of the total Russian volume of supplies. In monetary terms, this figure amounted to $751 million.

Dynamics of growth of Russian exports to Japan

These indicators are part of the general trend of the Russian market to intensively increase exports to Japan in the coming years. Back in the year before last, 2018, the volume of deliveries in money equivalent was $821 million, and a year later rose to $993 million. And now the capital's Department of Entrepreneurship and Innovation Development reports record growth in exports. We should emphasize that we are talking about commodity exports, not raw material or energy exports, which indirectly indicates the positive trends in the health of the country's economy.

More detailed data is given by the Center of support and development of industrial export, export of agricultural products and investment development "Mosprom". According to the official data of ANO "Mosprom", the volume of exports of agro-industrial complex products of the Russian Federation has grown the most - from January to August of this year 81% more agricultural products were delivered to Japan than during the same period of 2019. The heavy industry was not left out: the volume increased by 22% compared to the same control period.

Japan is one of Russia's largest partners in terms of imports of non-energy and non-resource domestic products. In particular, by the volume of Moscow export, Japan is among the ten largest buyers, occupying the eighth position.

If we analyze the commodity groups that turned out to be the most in demand for Japan, we can see a fairly wide field of directions. These are metal and non-metal products and semi-finished products, as well as a wide range of light industrial goods. A separate important and voluminous direction was the supply of Russian-made electronics, equipment, machinery for production, and electrical engineering. Some types of Russian-made vehicles and components for them; domestic chemistry, pharmaceuticals and even jewelry turned out to be in demand by the Japanese economy.

For a more complete and detailed understanding of the state of Russian-Japanese trade, ANO Mosprom cites the following indicators. The highest growth this year was demonstrated by the supplies of inert gases, which increased 9 times excluding only the sales of argon. On the second place in terms of growth dynamics were Russian confectionery products, namely chocolate with a filling, the sales of which increased 6-fold. The supply of household scales, in particular, models for weighing people tripled. The supply of certain types of diesel engines grew threefold: they were supplied from Russia to Japan in a wide range, with the exception of car and ship engines. Exports of Russian electrodiagnostic equipment grew 2.5 times. Components for measuring and control devices and, unexpectedly, game attractions doubled.

Comprehensive support for the promotion of industrial exports and deliveries of agro-industrial products abroad is provided by the mentioned center "Mosprom". According to Alexander Prokhorov, head of the capital's Department of Investment and Industrial Policy, the center individually selects the measures and means of support that are most necessary for a particular Russian company. "Mosprom" also assists in solving all kinds of problems and tasks of domestic exports as a whole.

As an example of such successful assistance, Alexander Prokhorov cites the fact of the Center's assistance to two Russian companies: Scutt Electronics, a manufacturer of shooting simulators, and AYU GROUP, a company known for the production of organic food. Then the center provided direct assistance in offsetting some of the costs of organizing the export of Russian products to Japan.

Another immediate example of such productive interaction between Mosprom and business in the capital can be the Center's assistance in signing a contract for the supply of products to Japan by CarSystems, a manufacturer of automotive components.

Export to other strategic Asian destinations

Such a favorable situation with Russian exports is observed not only in the Japanese direction. According to the results of this year we can see the growth of supplies to other Asian countries. The largest importers of domestic products are India and China.

If we analyze Moscow's share of total exports to Asian countries, in 2020 it has grown as a percentage even more than the above-mentioned individual indicator of supplies to Japan.

The Moscow mayor's office reported that from January to August this year, the capital's total exports to just three countries - India, Japan and China - was $1.2 billion, an increase of 27.7% over the previous year's figure for the same period.

The deputy mayor of Moscow on economic policy Vladimir Efimov also said that the leader in growth of high-tech imports of Russian-made products this year was India. The leader on the total volume of purchases remains the same unchanged China, but as for the growth, here the highest dynamics was shown by India. So, the country accepted 63% more goods than last year. Second place in growth of purchases of Russian products was occupied by the same Japan - 26.2% of growth, in the third place China with 22.4%. Total volume of deliveries in money equivalent was 563.31 million dollars to China, 511.71 million - to Japan and 140.32 million - to India.