"International cooperation and export": non-resource industrial products ensure the foreign trade growth in Volgograd region

23 October 2020
According to real-time customs statistics, the total foreign trade turnover of Volgograd region in January-August is 1.54 billion dollars (113.4% compared to January-August 2019), of which exports exceed 1.1 billion dollars (126.7% compared to January-August 2019) — and the bulk of exported goods are non-resource industrial products (890 million US dollars).

According to the Regional Committee for Industrial policy, Trade and Fuel-and-power sector, the volume of non-resource industrial exports for 8 months amounted to 151% compared to the same period last year.
These indicators dynamics are mainly provided by the region's metallurgical sector — exports of metals and metal products almost doubled in the reported period and reached $ 637 million in value terms.

The chemical complex enterprises accounted for about 25% of regional non-resource exports, or $ 215.3 million (100.8% compared to the same period last year). Supplies of plastics and plastic products increased by 14%, and detergents and lubricants by 30%. Silicon carbides and magnesium hydroxide hold leading position in the field of inorganic chemistry (an increase of 114.8% and more than twice, respectively). The largest volumes of chemicals from Volgograd were delivered to Kazakhstan, Belarus, Turkey, Poland, Germany, China, the Czech Republic, India, and Hungary.

To recap, during a working trip to the Volgograd region, the Minister of industry and trade of the Russian Federation Denis Manturov highly appreciated the achievements and future expectations of Volgograd enterprises, noting the successful work of the Governor Andrey Bocharov's team on the regional industrial complex development. Today, the Volgograd region industry is developing in a sustained way, embracing new types of products, introducing modern technologies, expanding sales markets, including foreign ones.

Source: https://www.volgograd.ru/news/305418/