Moscow entrepreneurs have doubled exports to Eastern Europe
2021-07-29 11:48

Moscow entrepreneurs have doubled exports to Eastern Europe

Moscow's non-energy non-resource exports to Eastern European countries in the five months of 2021 increased twofold compared to the same period in 2019 and 2020, the Moscow mayor's office said.

"Non-raw non-energy exports to the region are mainly represented by industrial products, which account for more than 95% of the total structure. To put it in numbers, in the first five months of 2021, industrial exports amounted to $1.442 billion, while agro-industrial exports reached a volume of $48.7 million. The capital's main trade partners in the region include Poland, Moldova, Bulgaria and Romania," said Vladimir Yefimov, Deputy Mayor of the capital.

According to him, export of non-energy products to Poland amounted to $67.4 million, to Moldova - $28.21 million, to Bulgaria - $11.94 million, to Romania - $12.28 million.

Among the products that are supplied by Moscow companies in this market, electrical lighting equipment, non-optical measuring and control devices, processors and controllers, glassware, polyethylene and polypropylene, vaccines, packaged drugs, immunological products and pharmaceuticals, said the head of the Department of Investment and Industrial Policy of Moscow, Alexander Prokhorov. In addition, agro-industrial products are exported. These are mainly confectionery and chocolate products, as well as various types of sauces, he added.

According to "Mosprom", the volume of Moscow export to Eastern Europe in January - May 2021 has already reached more than 85% of the export volume of Moscow companies for the entire last year. At the end of 2020, it amounted to $1.7 billion.

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Author: Karina Kamalova