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Russia supports vehicle exports

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The government of Russia is seems to be succeeding in its goal of making the country into a fully developed vehicle exporter. The official target is to establish exports of at least 240,000 vehicles per year by 2025. Recent growth suggests this may be possible.

Russia exported 109,000 finished vehicles last year, an increase of 16.7% on the previous year. The value of these exports reached $1.6 billion – the highest ever.

“There are two factors contributing to the growth in finished vehicle exports in monetary terms,” a spokesperson for the Russian Export Center commented. “First, the rise in average price for finished vehicles assembled in Russia. Second, Russian plants are tending to export more expensive models than before”.