RSS 22 february 2019

Machine Building Is a Material Export Item

"The machine building industry is a material export item where the motor transport has almost 37% and the railroad transport has 16%," Ksenia Bannikova, the head of the Department for Foreign Economic Activity of the Analytical Center, said.

In 2018, the volume of goods export by motor transport was inferior to railroad transport. The expert emphasized that the kind of transport within the country for 43.7% of exported goods is not determined while transshipment at the border is made to the sea or river transport.

"But as far as the machine building industry, its products constitute a material export item," Bannikova said. "The motor transport has almost 37%, and the railroad transport has 16% in this niche."

The expert also emphasized that the existing data allowed to say exactly about the demand for analyzed supportive measures. Thus, 100% of funds in the amount of RUB 6.6 bn were assimilated in 2017. They were allocated to provide subsidies to the Russian organizations for their partial recovery of expenses for product transportation, including the organizations of the motor vehicle, agricultural machinery, transport machinery, power engineering industries. As of December 1, 2018, 68.5% of funds allocated for these purposes in the amount of RUB 13.1 bn were assimilated.

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13 february 2019
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