Ferrous metallurgy and electric power industry improved Pridnestrovian export by the end of the year

12/16/20 13:24

Ferrous metallurgy and electric power industry improved Pridnestrovian export by the end of the year

In October-November, export performance is the best since January 2019

Tiraspol, December 16. /Novosti Pridnestrovya/. For 11 months, the volume of export deliveries to Pridnestrovie decreased by 4% compared to the same period in 2019. This was reported by the Ministry of Economic Development with reference to the data of the State Customs Committee.

At the same time, the Ministry of Economic Development notes that in October-November, export indicators maintained at their peak positions since January 2019.

The situation with the Pridnestrovian export was noticeably improved by ferrous metallurgy and electric power industry in the previous two months. The volume of metals and metal products export increased by almost 50% in November.  

Compared to last year, the export of metals added 6.4% (almost 36% of all Pridnestrovian export) in 2020. Foreign sales of fuel and energy products rose by 10.5%. They account for 25.7% of total export.

The food commodities supply has decreased by almost a third this year. This was caused by low yields (due to unfavorable weather conditions), as well as restrictions on certain groups of goods export, which were introduced to ensure the republic`s food security.

Export decline is also noted in other industries. Shipments of mineral materials (including cement) decreased by 14%, machine-building products - by 22.8%, light industry goods - by 8.9%.

Moldova, Romania and the Russian Federation were the main counterparties of Pridnestrovian exporters in January-November.

If we talk about the import figures, they dropped by 14% in comparison with last year.

In value terms, supplies of fuel and energy products to the republic decreased by almost a third. As noted in the Ministry of Economic Development, this is mainly due to the downward price trends domination in the global hydrocarbon market this year.

The volume of raw materials purchase for ferrous metallurgy exceeded last year's figures by 0.4%. The import of food commodities grew by 0.7%. 

Meanwhile, import of engineering products dropped by 8.7%, while import of products for light industry dropped by 24.5%.

Most of the imported products came from Russia, Ukraine and Moldova.


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