Prom Moscow with love: Moscow exports increased by 15 per cent

Most of Moscow’s exports go to the UK, Kazakhstan and Belarus.

Moscow's non-resource exports has increased by 15 per cent in the first 10 months of 2019 from the same period last year. Mostly exported goods are mechanical equipment, machinery and computers, making up $4.9 billion January to October.

‘For the first 10 months of 2019 alone, the total non-resource and non-energy exports of Moscow made up $21.9 billion. At the same time, the exports have increased by 15.05 per cent from the same period last year. So, we observe stable positive dynamics. At the end of 2018, Russia got three positions up in the ranking of the largest exporting countries to become 28th,' said Vladimir Yefimov, Deputy Mayor for Economic Policy and Property and Land Relations.

Most of Moscow’s exports go to the UK, with Kazakhstan ranking second. Belarus closes the TOP3, followed by Turkey and the United States.

Moscow products worth $ 3.4 billion have been sold in the UK, with goods sold to Kazakhstan making up $2.11 billion. Belarus bought goods for $2.1 billion, Turkey bought for $1.6 billion, export to the United States has made up $1.5 billion.

Alexander Prokhorov, Head of the Moscow City Department of Investment and Industrial Policy, said that Moscow's exports are becoming more diverse now that more and more large industrial enterprises are engaged in exports.

'This year, we have established the Mosprom Centre aimed both at solving individual issues and providing support steps necessary for large companies. Search for foreign buyers is one of the most popular types of support provided to Moscow companies. By the end of this year, the Centre has already organised more than 1,500 business meetings with foreign buyers,’ Alexander Prokhorov said.


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