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The share of Russian non-oil exports for the first time exceeded 40%
Non-oil exports for the first time reached 43% in total exports, said the Russian export centre (REC) for the first half of 2020. A year ago this figure was 10 percentage points lower.
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China imported Russian goods 12% more than in the first half of last year. More than 3 times increase in exports to the UAE in 2 times - in Hong Kong. It is, in particular, on the export of engineering and equipment deliveries. In REC also noted the growth of exports in the UK - in particular, due to the export of precious metals.

In General, the volume of non-oil non-oil export (NOE) was for 6 months 69.7 billion dollars. This is slightly higher than the total for last year, but a fairly good indicator taking into account external factors - the volatility of the ruble, declining energy prices and the economic crisis caused by the pandemic COVID-19.

With the decline in global trade it is important to ensure the competitiveness of Russian companies, said Stanislav George, Vice President REC. This is the focus of support instruments in the framework of the national project "international cooperation and exports". They include the reduction of export costs of companies due to the different compensation programs (subsidies for transportation, homologation, participation in corporate programs to increase competitiveness (cppc)) and the streamlining of administrative procedures due to new digital solutions - such as platform "single window" for exporters. "The system will accelerate the process of interagency cooperation and translate in a convenient online format most popular services - and this, in turn, will bring a significant reduction of terms for processing requests and documentation and the cost of these processes," - said St. George.



Translated by service "Yandex.Translation"
Источники: Зерно Он-Лайн
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