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Exports of Russian agricultural equipment grew by some 50% within the first 9 months of 2021, smashing final 12 months’s document.
“The amount of exports of Russian agricultural equipment within the first 9 months of 2021 elevated by 50% in comparison with the identical interval final 12 months and amounted to 16.3 billion rubles ($230 million), which is already greater than the document quantity of exports on the finish of 2020,” the Russian affiliation of specialised tools producers, Rosspetsmash, mentioned on Monday. In 2020, the determine stood at 15.9 billion rubles ($224 million).
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Within the reporting interval, Russian agricultural machines had been delivered to farmers in 34 international locations. Among the many main importers had been CIS states and the European Union, whereas Russian producers additionally proceed to extend provides to Mongolia, Scandinavia, Africa, the Center East and Brazil.
Shipments to Serbia, Hungary and Poland elevated greater than 4 instances, whereas deliveries to Azerbaijan and Slovakia have greater than doubled. Lithuania, Kyrgyzstan, Kazakhstan, Germany and the Czech Republic additionally stepped up purchases of Russian agricultural machines this 12 months. Rosspetsmash information reveals that the most important export development was recorded in fertilizer software equipment, agricultural tractors, self-propelled mowers, cultivators, harrows and grain harvesters.
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Based on officers, one of many primary causes for the expansion of contracts for Russian equipment is the excessive value for farming equipment on the worldwide market, which permits farmers to take a position further funds in updating their agricultural fleet. Additionally, they be aware that in contrast to different producers, Russian producers don’t undergo from part provide shortages, as many of the components are produced and assembled throughout the nation. This enables tools producers to extend output on demand with out delays.
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