Positive changes in the dynamics of non-resource, non-energy exports in whole and in the indicators of the REC Group (hereinafter “Russian Export Center” or “REC”), which is a key institution for Russian export support, suggest the efficiency of the comprehensive support provided at all stages of export activities, i.e. from consultations and training courses to financing of export contracts.
Three key vectors evidence the above said positive trends:
- The official statistics demonstrate the increase in non-resource exports (hereinafter the “NRE”). Russian NRE reached its historical maximum in 2018 and exceeded that of 2012. It’s worth noting that the upward trend was observed not only in 2018 but throughout the few recent years as well. This is an important thing as the trade volume growth is a driver of the national economy. Moreover, the volume of support provided by REC as a unified institution grew in 2018: the volume of support increased by 31% as compared to the year of 2017, and the number of the exporters who received support grew by 82%.
- The second vector demonstrates strengthening positions of Russian exporters in the traditional markets and approaching the new ones. The results were achieved thanks to the efficient organization of business missions and trade shows. At the moment, 9 foreign missions within the REC Group successfully operate abroad, familiarizing foreign business communities with Russian goods.
- The third vector is about the emerging opportunities for small and medium-sized enterprises (hereinafter the “SMEs”) created thanks to the conscious efforts of the REC Group. SMEs may reckon on financial and non-financial support from the REC Group. This mechanism works well as evidenced by the success of multiple Russian export-oriented businesses. The REC Group is planning to expand support measures provided to SMEs, in particular, by developing a flexible product line and creating the standardized solutions for SME-customers.
The President of the Russian Federation set the task to increase national NRE to $250 billion by 2024. The REC’s goal within the task is to create a single network for export promotion, develop the regional and global networks, increase the number of exporters, making the emphasis on the SME sector, accomplish the task of reducing the administrative barriers, and provide a comprehensive range of available export support services.
Another project is the one-stop-shop service based on the digital platform. The new system will allow serving the exporters’ needs throughout the whole export cycle. First of all, the system will cover interactions between the companies, state authorities and organizations affecting export activities.