Russian exports of agricultural machinery in 2021 showed record growth

Ministry of Industry and Trade of Russia 26 January 2022 16:40

Exports of domestic machinery and equipment for agriculture in 2021 amounted to 21 billion rubles, which is 38.5% higher than the same indicator in 2020 and 74.7% higher than in 2019. 

An important role in increasing the volume of exports was played by state support measures operating within the framework of the national project "International Cooperation and Export". State support has helped to ensure the export of agricultural machinery to Australia, the UAE, China, Hungary, the Czech Republic, Poland, Romania, Serbia, Lithuania, Mongolia, Kazakhstan, Moldova, Belarus, Kyrgyzstan. Russian agricultural machinery products are in demand and are supplied today to almost 40 countries, - said Denis Manturov, Minister of Industry and Trade of the Russian Federation.
One of the most popular among exporters of agricultural machinery products and effective support tools has become the newly implemented mechanism for reimbursing part of the costs incurred in connection with the guarantee of repurchase of products (Decree of the Government of the Russian Federation No. 1269 of October 24, 2018). In addition, a significant factor in the growth of supplies of domestic agricultural machinery abroad was its demonstration at exhibition events organized by the Ministry of Industry and Trade of Russia in 2021. Both initiative exhibition events and expositions of domestic manufacturers within the framework of international exhibitions were financed. Russian machinery and equipment were demonstrated to farmers in Uzbekistan, Serbia, Romania, Moldova, Mongolia and Tajikistan.

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