Coronavirus pandemic hit Russian exporters stronger than by companies operating in the domestic market. The main victims called the Center for Economic and Financial Research and the Development of the Russian Economic School (Tsefire Rosh), writes Kommersant.
The survey was held in June-November 2020. It was attended by 928 exporter companies and 344 organizations supplying similar products to the Russian domestic market. The negative effect of the pandemic was noted 72 percent of respondents. The sales drop in exporters amounted to 17 percent, in the domestic market – five percent. In addition, revenue growth occurred in the domestic market.
Among all the participants in a survey, 36 percent complained about the delays in the supply of components. Moreover, problems arose when importing products from abroad and in the domestic market. The sellers of export goods often faced customer failures. Exporters were more susceptible to risks due to closed borders that caused access restrictions on sales markets, the authors of the study are celebrated.
Exports of energy and commodities in 2020 fell by 35 percent compared with the previous year due to the decline in world energy prices. Deliveries abroad of non-sinking goods (excluding gold exportation) decreased by 4.3 percent, high-tech goods – by 14 percent, experts were calculated from the Gaidar Institute.
For eight months of 2021, deliveries abroad increased to $ 299 billion (plus 41.7 percent compared to the same period of 2020). The share of commodities in exports increased to 41 percent (plus one percent), but did not reach the level of 2018-2019 (48-49 percent).
Synchical energy supplies account for 15 percent, non-Energy – 44 percent of exports. The removal of non-sir of non-energy products rose by 45 percent – from 84.1 to 121.8 billion dollars. The former maximum indicators were achieved in 2018 – 93.4 billion dollars.
In September, the Central Bank reported that the export of Russian agricultural products in the first eight months of 2021 increased by 18.1 percent compared to the same period last year, reaching $ 19.984 billion. Sharp growth is associated with an increase in the export of grain, fish and seafood, oil and fat and dairy products.