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Economy/Business
23 November , 19:44

Bashkiria Government commented on significant increase in foreign trade turnover

The Bashkiria Government commented on a significant increase in the region's foreign trade turnover.

According to the Federal Customs Service, Bashkiria's foreign trade turnover in January-September this year amounted to $ 3.4 billion. This is 28 percent more than in the same period in 2020.

At the same time, the volume of exports reached $ 2.7 billion, which is a quarter more than last year. Imports amounted to $ 0.7 billion, which is 41.5 percent more than in January-September 2020.

The volume of exports of non-primary non-energy goods of Bashkiria for the nine months of 2021 was set at USD 1.8 billion, which is 43% higher than in January-September last year. The share of non-energy exports was 68.1% of the total export of the republic.

As the Bashinform News Agency reported earlier, a project called "Express Export Aid" has been launched in the republics, identifying potential exporters to ensure republican exports to foreign markets and diversify exports.

The provision of financial measures of state support for exports is especially relevant for republican enterprises. In particular, subsidies for reimbursement of logistics costs and international certification. This year alone, the regional budget has allocated 120 million rubles for these purposes.

Currently, the "Express Export Aid" has visited 34 municipalities, consulting assistance has been provided to 179 companies.

In the rating of Russian regions, Bashkiria ranks 25th in terms of exports.

"Despite this, the republic occupies a leading position among other regions of Russia. For example, Bashkiria is first in the export of carbonates, particle boards, cables, cords, and polyvinyl chloride. It is the second in the export of turbo engines and gas turbines, the third in the export of soda ash", the republican Ministry of Foreign Economic Relations and Congress Activity informs.

The top ten counterparty countries of Bashkiria in January-September 2021 included China, Kazakhstan, Belarus, the Netherlands, Finland, Turkey, the United States, Germany, Latvia, Uzbekistan. The trade turnover with these countries exceeded $ 2 billion, or 61.9 percent of the total foreign trade turnover of Bashkiria.

The basis of the republic's exports is formed by six main commodity groups: mineral products, chemical products, and rubber, engineering products, food products, and raw materials, timber and pulp and paper products, metals and metal products.

Author: Galina Bakhshieva

Translated by:Tatyana Aksyutina