Moscow's Non-Energy Exports to EU Up 37.6%
In January-July 2019, all top five EU importers of Moscow's non-energy products have demonstrated stable growth. UK imports grew 145% year-on-year to reach $1.3 billion. Germany was second with the value of imports increasing by 30.9% to $683.2 million USD, followed by the Czech Republic with a 43.8% growth and $379.1 million value. Moscow's non-energy exports to Italy expanded by 17.3% to account for $294.4 million in revenues, while the Netherlands has more than doubled its non-energy purchases to $229.4 million.
“The development of trade and economic relations with the countries of the European Union is one of Moscow’s export priorities,” said Alexey Fursin, head of the Moscow Department of Entrepreneurship and Innovative Development. “Broken down by industry, Moscow's highest export revenues in the first seven months of 2019 came from machines and equipment ($366.9 million), semi-finished products of the chemical industry ($335.1 million), and motor vehicles and their components ($ 275.2 million).”
3 october 2019