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The most popular imported goods from China have been named in Russia Over the nine months of 2023, China supplied $90 billion worth of goods to Russia, which is 1.5 times higher than the figure for the same period in 2022. RBC reports this with reference to data from the General Administration of Customs of the People's Republic of China. According to the department, in monetary terms the increase in equipment exports to Russia amounted to 43%. It is noted that the most popular goods that Russia imported from China were bulldozers and monitors. The transaction amounts for their purchases amounted to $2.1 billion and $1.2 billion, respectively, the article says. In addition, the list of popular Chinese exports to the Russian Federation includes valves, valves and fittings, electric heating devices, and hand-held pneumatic tools, including drills.
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The first sellers from China appeared on Wildberries They publish product cards in Chinese The Wildberries marketplace has started selling goods from Chinese sellers, the SellerDen Telegram channel noticed. The Shenzhen Yibai store has been trading on Wildberries for 2 months and during this time has sold over 200 products. The Chinese seller's assortment includes goods for the home, repairs and accessories for cars. Some of the cards are in Chinese, some are translated into Russian. In December, Wildberries CEO Tatyana Bakalchuk told RBC that the company was starting to work with manufacturers and sellers from China. As the entrepreneur explained, they will directly supply their products to the platform for all countries where the marketplace is present. This will not infringe on the interests of business in Russia; it will remain a priority for the company. According to Bakalchuk, the company’s foreign business now brings in approximately 10% of turnover, the remaining 90% comes from Russia.
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Sales of new passenger cars in Russia increased by 69% in 2023 Sales of new passenger cars in Russia at the end of 2023 increased by 69% compared to 2022 and amounted to 1.06 million units. This was reported by the analytical agency Autostat. In December last year, 119.45 thousand cars were sold in Russia, which is 2.1 times more than in the last month of 2022. Almost a third of sales in 2023 (31.7%) were Lada cars; during the year, dealers sold 324.4 thousand cars of the domestic brand, which is almost 1.9 times more than in 2022. In second place in the ranking is Chery, which has become the most popular foreign brand in the car market with a result of 118.95 thousand cars (three times more than in 2022). The third place was taken by Haval (111.72 thousand units; 3.3 times more than in 2022). Next in the ranking are Geely (93.55 thousand units), Changan (47.76 thousand units), Exeed (42.15 thousand units), Omoda (41.98 thousand units). The top ten was completed by Kia (33.58 thousand units), Hyundai (24.66 thousand units) and Toyota (23.32 thousand units).
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The production of elevator equipment will open in the Stavropol region in 2024 Own production of elevator equipment will be launched in 2024 in the Stavropol Territory. This was reported to reporters by the press service of Governor Vladimir Vladimirov. “Next year, the Stavropol Territory will have its own production of elevator equipment. An agreement on this was concluded on the day of the Stavropol Territory at the exhibition-forum “Russia” between the regional government and a large company,” the message says. It is noted that the project, in which the investor intends to invest 1.1 billion rubles, will start in 2024. It is expected that the capacity will allow the production of up to 450 lifts annually. Thanks to the project, the region will receive an additional 120 jobs.
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Russia has begun regular grain supplies to China through the Trans-Baikal Territory as part of a 12-year contract. Journalists were informed about this by the press service of the New Overland Grain Corridor (NLGC) group of companies. “Russia has begun to fulfill the 12-year contract signed in Beijing at the One Belt, One Road forum for the supply of 70 million tons of grain to China. Regular deliveries are carried out along the new Russia-China overland grain corridor,” the statement says. Cargo is transported in specialized grain containers. Trains with soybeans and barley depart to China from the Transbaikal grain terminal. The NSZK project to create Russia's largest "land grain fleet" will ensure an annual turnover of up to 8 million tons of grain. The transport system is fully loaded in both directions, which reduces the empty mileage of railway vehicles to zero.
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Online sales of dietary supplements and sports nutrition in Russia have doubled The average bill was 6,678 rubles. In Russia, from January 1 to November 15, 2023, the turnover of payments from online stores of dietary supplements and sports nutrition doubled year-on-year, analysts from the UMoney and Level Kitchen services calculated. The number of purchases increased by 98%, and buyers by 43%. The average purchase bill increased by 7% and amounted to RUB 6,678. The demand for dietary supplements and sports nutrition is growing not only year by year, but also from quarter to quarter in 2023. “During the Black Friday period, dietary supplements and sports nutrition took second place among the most popular sales categories. Compared to last year's sale, turnover and the number of purchases doubled, and there were 84% more buyers. The average bill increased by 2%, to 7,046 rubles,” Irina Polyakova, head of the YuMoney corporate client support service, is quoted in the message.
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Over the 10 months of 2023, Russia exported more than 990 thousand tons of wheat and wheat-rye flour. This is almost a third more than in the same period last year and exceeds the volume of exports for the entire 2022, reported the Federal Center "Agroexport" under the Ministry of Agriculture. The top 3 buyers of Russian flour included Iraq, Georgia and China. Deliveries to Iraq in January-October increased by 17%, to more than 150 thousand tons, which allowed the country to move from second to first place. In 10 months of this year, 126 thousand tons were supplied to Georgia. And the export of Russian flour to China increased by 3.7 times in annual terms and has already exceeded 100 thousand tons. In 2022, flour supplies to China amounted to 37 thousand tons, in 2021 - less than 13 thousand tons. In addition, this year Russia resumed shipments of wheat flour to Hong Kong, where 49 thousand tons of flour were sent. Supplies of flour to neighboring countries are also increasing. Priority markets for increasing the export of Russian flour are Southeast Asia (China, Thailand), the Middle East (Iraq, Yemen) and Africa (Ghana, Benin). Many of these countries are the largest importers of flour, and Russia is already supplying its product to these areas. According to Agroexport, the potential for supplies of Russian flour to foreign markets could additionally amount to more than 500 thousand tons per year.
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In September, the European Union (EU) increased purchases of Russian grain to 180 thousand tons. This was the highest since March 2022. Purchases increased by 22% over the month and 10 times over the year. At the end of September, Russia became the fourth largest grain exporter to the EU. The main import destination for the EU for this month was Ukraine, supplies from where increased by 1% over the month, and over the year decreased by a quarter, to 1.2 million tons.
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The goal of increasing annual trade turnover between Russia and China to $200 billion has almost been achieved, Ambassador in Beijing Igor Morgulov said during a speech at the 14th plenary meeting of the Russian-Chinese Committee for Friendship, Peace and Development. “Based on the results of ten months of this year, bilateral trade turnover reached $196.5 billion,” he said, emphasizing that the $200 billion bar set by the leaders of the countries has already been previously exceeded. He noted that initially the goal for this volume of trade turnover was set for 2024. Russia and China are implementing large projects in the energy sector, and are also increasing high-tech, innovation and investment cooperation. In 2022, trade turnover between Moscow and Beijing reached $190 billion, breaking the previous record. The growth of trade between countries is associated with the introduction of anti-Russian sanctions by the West.
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The production and export company "EPT" (Novosibirsk, part of the Russian group of companies "New Overland Grain Corridor", NSZK) signed a cooperation agreement with the Iranian logistics company IranianEurasia Trading and Logistics on the supply of Russian grain to Iran, EPT reports. The company explained that the strategic document was signed as part of the official visit of the delegation of the Islamic Republic of Iran to Moscow in the presence of the Governor of the Khorasan Razavi province Yaghoubali Nazari, the Ambassador Extraordinary and Plenipotentiary of Iran to Russia Kazem Jalali and the General Director of the Sarakhs Special Economic Zone Mohammad Reza Kalai. The meeting took place with the support of the public organization "Business Russia" and the Russian Export Center.
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Margin for safety: the Cabinet of Ministers is considering a ban on grain exports The Ministry of Agriculture has been instructed to monitor the availability of wheat, barley, corn and rye in the country The government allows for the introduction of a ban on the export of grains (wheat, barley, corn, rye) from Russia if their quantity reaches a critical level of 10 million tons. This follows from the protocol of the working group on non-tariff regulatory measures in foreign trade of the subcommittee on customs, tariffs and non-tariff regulation. Representatives of the Ministry of Agriculture, the Ministry of Economic Development, the Ministry of Finance, the Federal Antimonopoly Service, the Federal Customs Service and other services took part in its meeting. Izvestia reviewed the document dated November 3. According to the Ministry of Agriculture, the critically low level of grain residues is 10 million tons, which will last for about 1.5 months. It is calculated on the basis of annual consumption in Russia, which is 80–85 million tons of grain, the protocol notes.
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Dear orange suppliers! The Svetofor retail chain (biggest russian discounter) requires small juice oranges, category 2, caliber 88-100-125 in a mix. Cheapest option. Weekly 10 containers. Payment ONLY IN EUROS OR RUBLES, 2-3 banking days after phytosanitary control and customs clearance. Delivery basis: CIF/CFR Novorossiysk or DDP distribution center. Please DM.
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Islamabad has applied to join BRICS in 2024 and is counting on Russia’s assistance in the matter of the republic joining the association. The new Ambassador of Pakistan to Russia, Muhammad Khalid Jamali, stated this in his first interview with TASS.
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Zarubezhneft has almost completely redirected oil supplies from Europe to the Chinese and Indian markets, said company CEO Sergei Kudryashov during the Primakov Readings forum. “We left Europe almost entirely for the Indian market, the Chinese market,” he said. Kudryashov also noted that until 2022, the company traded oil for export on a FOB (cost of oil before loading) basis through the St. Petersburg International Mercantile Exchange (SPIMEX). "All the world's traders came, everyone participated. It is clear that after 2022 the situation changed. And we, frankly speaking, did not have the competence to work in the trading market. We had to master issues related to both logistics and tankers , and with insurance,” said the head of Zarubezhneft.
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The expert assessed the ban on durum wheat exports approved by the Russian government The Russian Federation needs about 1.5 million tons of durum wheat for domestic consumption, and it is not practical to sell scarce raw materials abroad if domestic demand is not satisfied, explained Vasily Uzun, chief researcher at the Center for Agricultural Policy at RANEPA, commenting on the approved ban on the export of durum wheat. The day before, the subcommittee on customs, tariff and non-tariff regulation, protective measures in foreign trade of the government commission for economic development and integration supported the initiative of the Ministry of Agriculture to introduce a temporary ban on the export of durum wheat from the Russian Federation for a period of six months - from December 1, 2023 to May 31, 2024. th inclusive. It is noted that the measure is aimed at ensuring food security and containing consumer prices for grain processing products on the domestic market. “Our country ranks third in the world in terms of production and first in exports of soft wheat. As for durum wheat, Russia’s role in the world is very modest - less than 2% of the global volume of durum wheat. This is approximately 700 thousand tons. Of this volume, 160-170 thousand tons have been exported in recent years,” he added.
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SPIMEX entered into an agreement with the Federal Antimonopoly Service (FAS) and the Federal Customs Service (FCS) of Russia on the formation of export indicators for key goods, the FAS press service reported. In accordance with the agreement, SPIMEX will receive information from the Federal Customs Service and use it to verify data when generating over-the-counter indicators. In turn, the FCS will receive data on over-the-counter contracts registered by SPIMEX from the FAS for the purposes of risk management and strengthening control over the customs value of export goods.
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The support effect: how business plans to increase export volumes Despite the difficulties and restrictions, the majority of Russian exporters of non-commodity products have generally made it through 2022 steadily and expect export revenue growth in the next three years, a recent study by the Russian Export Center (REC) and Yakov and Partners, presented at the international export forum, showed. Made in Russia". More than half of the exporters surveyed said that they managed to maintain or increase revenue in 2022, while the main tools for responding to changing external conditions were reorienting exports to friendly countries (52%) and increasing sales in domestic markets (47%). Only 14% noted that they were forced to reduce production. In monetary terms, in 2022, non-resource non-energy exports (NNE) maintained the pace of the previous year, amounting to $189 billion against a record $191 billion in 2021. “Russian exporters not only survived, but were able to increase volumes, create new sales channels, new partners - to overcome, in fact, all restrictions and barriers,” said First Deputy Prime Minister of Russia Andrei Belousov at the award ceremony for the winners and prize-winners of the All-Russian Exporter competition of the year".
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The European Union became the largest buyer of Russian liquefied gas in the first nine months of 2023. According to the British publication The Telegraph, it accounted for more than half of the LNG exported by Russia. “Despite pledging to move away from Russian fuel, Spain and France are the second and third largest buyers of liquefied natural gas after China,” the article says. EU countries spent more than €6.1 billion on the purchase of liquefied natural gas from Russia. Spain's share was €1.8 billion, France - €1.5 billion, Belgium - €1.36 billion. In addition, Estonia continued to purchase Russian gas and Lithuania.
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Turkey intends to send Russian grain processed into flour to Africa Turkey will use various mechanisms to process Russian grain into flour and send it to African countries. This was announced by the head of the Ministry of Agriculture of the Republic, Ibrahim Yumakly, on CNN Turk. “Previously, 33 million tons of agricultural products were sent to needy countries through this region [Turkey], which saved the world from a food crisis. Our president said that Russia will send its grain processed into flour to African countries. We will use various mechanisms to processing grain into flour and its subsequent distribution to African countries,” Yumakli said. Turkish President Recep Tayyip Erdogan, during his visit to Germany on November 17, announced his country’s plans to process it into flour at the second stage of supplies of Russian grain to Africa. According to him, the Turkish side has carried out relevant work with Russia and Qatar.
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