Russia’s non-resource-based exports will reach historic highs in 2021

By year’s end, Russia’s exports not based on resources or energy will reach a record $180 billion, Russian Export Center (REC) CEO Veronika Nikishina told reporters on the sidelines of the Eurasian Women’s Forum.

According to Russian Export Center estimates, for the 9 months of 2021, non-resource non-energy exports in nominal terms amounted to around $135 billion, which means an increase of almost 40% compared to 2020,” she said.

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Nikishina added that in October, the value of these exports will surpass the figure for the whole of 2020 – around $141 billion.

By the end of the year, the country’s non-resource, non-energy exports will set a new historical record – they may amount to $180 billion,” Nikishina added.

Among the main exports for September, she mentioned rolled steel, fertilizers, wheat, steel, platinoids, lumber, aluminum, fish, copper wire, turbo engines, and polymers.

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Nikishina added that the product categories are representative for the year, and “the list of major export commodity items is changing slowly – this is a characteristic feature of all major exporters.”

According to the REC’s press service, gold is excluded from the calculation of non-resource exports.

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