In 2018 Russia-Mongolia trade turnover increased by 20.6% and reached $1.65 bn. In the trade structure Russia’s export prevailed with a 97.4% share.
For this period Russia exported to Mongolia goods for the total amount of $1.61 bn (+21%). The main export goods traditionally included petroleum and oil products (59%), iron or non-alloy steel rods (3.3%), wheat and meslin (2.7%), nitrogen fertilizers (2%), electrical energy (1.6%), chocolate and cacao products (1.6%), petroleum coke and bitumen (1.2%), bakery products (1.1%), petroleum gases (1%), railway locomotives (0.9%) and motor vehicles for goods transportation (0.9%).
Russia’s import from Mongolia amounted to $43,26 mln (+5%). Among Mongolia export goods there were mainly feldspar (64.4%), horse meat and cattle meat (16.9%), hosiery (3.1%), tungsten ores and concentrates (2.5%), knitwear (2.5%), canned meat and sausages (2.9%), wool yarn (1.3%) and other goods.
From January to April, 2019 Orel region’s export to Germany increased by 7% compared to the same period of 2018 and amounted to $5.9 mln.
From January to April, 2019 Pskov region’s export to Spain went up by 1.64 mln. compared to the same period of 2018 and amounted to $1.65 mln.
In 2018 Russia became the world’s largest exporter of fuel elements (cartridges). Its export volume amounted to $981 mln or 44% of world’s fuel element export.
About the models of business development in another country and professional secrets is told by a practicing expert on work in international markets Anna Trubetskaya