Kommersant: exporters suffered more from covid than domestic companies
in the domestic market. The main victims were named by the Center for Economic and Financial Research and Development of the Russian School of Economics (CEFIR NES), writes Kommersant.
The survey was conducted in June-November 2020. It was attended by 928 exporting companies and 344 organizations supplying similar products to the Russian domestic market. The negative impact of the pandemic was noted by 72 percent of those surveyed. The drop in exporters' sales was 17 percent, in the domestic market – five percent. In addition, revenue growth was more common in the domestic market.
Among all survey participants, 36 percent complained about delays in the supply of components. Moreover, problems arose when importing products from abroad and on the domestic market. Sellers of exported goods were more likely to encounter refusals from buyers. Exporters found themselves more exposed to risks due to closed borders, which led to restrictions on access to sales markets, the authors of the study note.
Exports of energy and commodities in 2020 fell 35 percent from the previous year due to declining global energy prices. Deliveries abroad of non-primary goods (excluding the export of gold) decreased by 4.3 percent, high-tech goods – by 14 percent, experts from the Gaidar Institute calculated.
In eight months of 2021, supplies abroad increased to 299 billion dollars (plus 41.7 percent over the same period in 2020). The share of raw materials in exports increased to 41 percent (plus one percent), but did not reach the level of 2018-2019 (48-49 percent).
Non-resource energy supplies account for 15 percent, non-resource non-energy supplies – 44 percent of exports. The export of non-primary non-energy goods increased by 45 percent – from 84.1 to 121.8 billion dollars. The previous maximum indicators were reached in 2018 – $ 93.4 billion.
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. year, reaching $ 19.984 billion. The sharp increase is associated with an increase in the export of grain, fish and seafood, fat and oil and dairy products.