![]() However, the bulk of sales – over 80% – were made in the Eurasian Economic Union,” says Svyatoslav Kuchko, Russian market analyst at IHS Automotive. “In 2019 Russian-made vehicles were sold in more than 40 countries. ![]() Some markets are currently closed to Russian exports, but Kazakhstan and Ukraine have potential over the longer term Russian analysts believe the most urgent task for the Russian automotive industry now is to diversify export supplies. Until 2016, the logistics subsidies were envisaged only for delivery across the Russian border, but then the support was expanded to the entire supply chain. With this money, the government reimburses up to 80% of the costs associated with finished vehicle and automotive component delivery to foreign markets. ![]() Last year, Russia allocated 4.5 billion roubles ($62.8m) of state support to automotive exports via the logistics subsidy. Russia has a logistics subsidy for the export of finished vehicles and automotive components, and in December 2019 this was extended to include automotive kits. One major factor in the growth of exports is continuing state aid in that area. “To achieve the goal set in the government’s strategy adopted in 2017, namely selling from 240,000 to 400,000 vehicles abroad in 2025, a diversification of exports is inevitable” – Svyatoslav Kuchko, IHS Automotive Second, Russian plants are tending to export more expensive models than before”. “First, the rise in average price for finished vehicles assembled in Russia. “There are two factors contributing to the growth in finished vehicle exports in monetary terms,” a spokesperson for the Russian Export Center commented. In 2019, Russia exported 109,000 finished vehicles, up 16.7% on the previous year, and the value of these exports reached $1.6 billion – the highest figure ever seen, the Russian Export Center said in a statement in early February 2020. The officially declared target is to establish exports of at least 240,000 vehicles per year by 2025 – ideally up to 400,000 – and recent growth in this segment suggests that these figures could be within reach. The Russian government is seemingly succeeding in its ambition of turning the country into a fully fledged automotive exporter. Automotive Logistics & Supply Chain Mexico 2022.Automotive Logistics & Supply Chain Europe 2023.Finished Vehicle Logistics North America 2023.Automotive Logistics & Supply Chain Global 2023.Automotive Logistics & Supply Chain Digital Strategies 2023.Automotive Logistics & Supply Chain Livestream.Automotive Logistics and Supply Chain Europe 2022 On Demand. ![]() Finished Vehicle Logistics North America 2022 On Demand.Automotive Logistics and Supply Chain Global 2022 On Demand.Automotive Logistics and Supply Chain Mexico 2022 On Demand.Automotive Logistics and Supply Chain Europe 2023 Highlights. ![]()
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