High-tech exports of Moscow grew by 44%

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Moscow’s high-tech exports grew by 44% in 2020, Deputy Mayor of Moscow Natalya Sergunina told Izvestia on March 22.

“Last year, the export of the city’s technological products increased by 44%. Its volume in monetary terms is $ 30 billion. Moscow supplies over a third of the total Russian volume in this segment abroad, “Sergunina said.

She said that the rating of the most popular high-tech goods that the capital supplies abroad included turbo engines, network equipment, communication equipment, medicines, cars and transmissions, computers and their components.

The main importers of high-tech goods of Moscow companies are the countries of Western Europe, the CIS and East Asia, the vice-mayor said.

High-tech goods, namely modern equipment and products, in the production of which specialists used new technologies or carried out research and development work, make up about 75% of all non-resource non-energy exports of the capital, said the head of the Moscow Department of Entrepreneurship and Innovative Development Alexei Fursin.

France, the Netherlands, Belgium, Monaco and Luxembourg ordered turbo engines and gas turbines, ethers, tugs and computers.

Belarus, Kazakhstan, Kyrgyzstan, Uzbekistan and other members of the Commonwealth of Independent States more often bought cars, medicines, telephones, network equipment, as well as pneumatic tires and hair cosmetics from metropolitan manufacturers.

In China, Japan, the Republic of Korea and other East Asian countries, the most demanded products are turbo engines and gas turbines, lumber, telecommunications equipment, computers and their components.

Compared to 2019, the export of high-tech goods to these countries increased by 16% in 2020 and amounted to more than $ 3 billion.

According to Alexander Prokhorov, head of the Moscow City Investment and Industrial Policy Department, the top 3 most popular products in this category were headed by turbo engines and gas turbines – their exports exceeded $ 875 million, equipment for nuclear reactors took second place – $ 313 million – and telecommunications equipment, the export volume of which amounted to almost $ 270 million.

Demand for other capital goods is also growing, for example, the supply of car transmissions to Asian countries has tripled, mechanical equipment (machines for making dough and culinary creams, slicing bread, preparing semi-finished products) – 13 times.

The financial support of exporters from the Moscow government also increased – seven times, to almost 500 million rubles. In addition to grants and subsidies, export-oriented companies can receive assistance in entering foreign markets and finding potential customers, take part in major industry exhibitions and business missions (including online). Educational and acceleration programs are held for them.

One of the businesses that received support in 2020 makes devices that can be used to identify the authenticity of diamonds and other gemstones. Such devices are exported to Italy, Czech Republic, USA and India. The company has twice reimbursed the costs of export expenses – more than 400 thousand rubles for the certification of devices and almost 450 thousand for their transportation abroad, the Moscow Export Center reported.

Earlier in February, Prime Minister Mikhail Mishustin instructed the Cabinet of Ministers to prepare a strategy for the country’s socio-economic development until 2030 – by the deadline set by the Russian president for achieving national goals.

The press service of the Ministry of Economic Development told TASS on March 4 that following the consideration of the interim results at the meeting, it was decided to work out projects in the areas of “New technological environment”, “New investment cycle”, “Small business and new employment”, “Positioning in the world and integration”.

Plans for the implementation of strategies, an assessment of the necessary financial resources and sources of possible funding must be prepared by April 8 – on this day, projects will be defended by the head of government.